Filipinos slam Marcos’ sovereign fund idea amid fears it could end up like Malaysia’s 1MDB

• The president wants the ‘Maharlika Investments Fund’ set up with seed money from state and private pension funds; there is a lot of anger against the idea
• But amid worries fund may be used by Marcos and associates to launder money in 1MDB-type embezzlement scandal, some say it may help attract foreign investors