Opinion: Philippines SWF controversy draws parallels with Indonesia
Will the result be what happened in Indonesia? One thing is certain: the desire to create state investment platforms is growing regionally and globally.
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History has a way of repeating itself.
The controversy surrounding the Philippines's attempt to create a sovereign wealth fund (SWF) shares some striking similarities with the way Indonesia's wealth fund was recieved when it was established.
In February 2021, Indonesia launched its sovereign wealth fund, Indonesia Investment Authority (INA) - which international experts greeted with a certain degree of wariness.
While the fund was established to attract global investments into…
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