Opposition senator says proposed sovereign wealth fund counterproductive after others express reservations

AN OPPOSITION senator on Tuesday said the proposal to establish a sovereign wealth fund (SWF) is counterproductive, noting that it goes against the nation’s economic agenda.  “An SWF is meant to come from the excess funds we just don’t have, as seen by our trillions-worth of debt. We don’t need an SWF and we clearly […]

Cabaero: Retirees’ money

One objection to the creation of a sovereign wealth fund lies in the proponents’ intention to use the money of the Government Service Insurance System (GSIS) and the Social Security System (SSS). That is money contributed to the systems monthly to cover the members’ emergency needs and retirement; GSIS and SSS already have ways to […]

Changes sought in proposed sovereign wealth fund board with directors from private sector 

AMENDMENTS were proposed on Thursday to the composition of the board of directors for the planned sovereign wealth fund, with the inclusion of representatives from the private sector and academe who will not be chosen by the president.    At an online hearing of the House banking committee, Government Service Insurance System (GSIS) President Jose Arnulfo […]

NEC Orchestrating Future Fund, an Ecosystem-type CVC Fund, Completes Final Close for US$140 Million

TOKYO, Nov 30, 2022 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) has completed the final close of the “NEC Orchestrating Future Fund”(1), an ecosystem-type corporate venture capital (CVC) fund established in December 2021 for US$140 million (approximately 20 billion yen). This CVC fund was made possible through investments from NTT FINANCE CORPORATION, […]

GSIS to provide P125 billion to sovereign wealth fund

THE government financial institutions (GFIs) that will be tapped to provide capital and help manage a P250-billion sovereign wealth fund have disclosed their proposed contributions, with the pension fund for civil servants providing half the required initial funding. At an online hearing of the House banking committee, which is evaluating the banking-related provisions of House […]

Franklin Templeton Alternative Investment set up Asia Pacific Structured Equity Fund

EQS Newswire / 12/10/2022 / 10:22 UTC+8 Franklin Templeton Alternative Investment set up Asia Pacific Structured Equity Fund   HONG KONG 12 OCTOBER 2022 – Franklin Templeton Alternative Investment, a global leading asset manager, has set up the Asia Pacific Structured Equity Fund. The fund seeks to invest in listed, relatively small to medium-size companies […]

Tell it to SunStar: Senator calls for probe into DPWH ‘syndicate’ behind fund parking scheme

Sen. Alan Peter Cayetano on Wednesday, Sept. 14, 2022 asked the Development Budget Coordination Committee (DBCC) to look into the possible existence of a syndicate behind the illegal realignment of billions of pesos in funds in the 2023 budget of the Department of Public Works and Highways (DPWH).“As a former Speaker of the House, various […]

Leading VC Firm, Black3Lab Capital Announces Investment in Ripe Web 3.0 Sectors

New York, NY, September 02, 2022 – (SEAPRWire) – Black3Lab Capital, a venture capital firm built to empower web 3.0 companies with potential for global mass adoption, has announced investments in ripe web 3.0 sectors. Black3Lab’s proposed $50 to $100 million fund will focus on building a genuinely feasible economy of web 3.0-fueled products and services for the […]

Mitsubishi Corporation Announces the Closing of AIGF II Small and Mid-cap Growth Fund in ASEAN

TOKYO, Aug 26, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation (MC) is pleased to announce the final closing of AIGF II LP (AIGF II) with total capital commitments of 17.3 billion yen from institutional investors both in and outside Japan. AIGF II is the second fund established by MC’s wholly owned subsidiary AIGF […]