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Article: PHILIPPINE GOV URGED TO LURE SOVEREIGN WEALTH FUNDS FROM MIDEAST.
- Article from:
- AsiaPulse News
- Article date:
- January 21, 2008
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MANILA, Jan 21 Asia Pulse - Senator Loren Legarda on Monday urged the government to take steps in obtaining sovereign wealth funds from the Middle East to address the unemployment problem.
"The government should clearly send the appropriate signals that sovereign wealth fund investments from the Middle East are absolutely welcome here," she said.
Legarda, who chairs the Senate economic affairs committee, noted that the government should specifically target Mideast investments in labour-intensive infrastructure and manufacturing projects as it would greatly generate jobs for the unemployed.
"If we look closely at our employment situation, despite ...