THE leadership of the House of Representatives had met with several sovereign wealth fund managers and policymakers in Davos, Switzerland.

This was done at the World Economic Forum (WEF) where they "explore" opportunities for the Maharlika Investment Fund (MIF).

House Speaker Martin Romualdez told media that he had a meeting with the chief of Azerbaijan's state oil firm SOFAZ and the chair of Singapore state investment firm Temasek Holdings.

“These high-level engagements with international business leaders and policymakers in this years’ WEF annual meeting are invaluable as they provide us with opportunities to explore avenues for partnerships, collaborations, and investment opportunities to unleash the potential of the Maharlika Investment Fund for the benefit of the nation and our people,” Romualdez said.

“The exchange of ideas, best practices and insights on the management, investment policies and insights on sovereign wealth fund could prove invaluable in helping realize the vision of President Ferdinand R. Marcos, Jr. for the MIF,” he added.

Romualdez is one of the principal authors of the Maharlika Investment Fund law.

He is looking for the state-run corporations and banks for investments for the purpose of generating additional public funds.

“The Philippines, under the administration of President Marcos, Jr. is firmly committed to pursuing an ambitious energy transition by harnessing the country’s renewable endowments, such as geothermal, hydroelectric, solar, and wind power, and exploring the potential of nuclear energy,” Romualdez said.