Senator Maria Lourdes Nancy Binay on Thursday, June 1 expressed grave concerns over Congress’ approval of the controversial Maharlika Investment Fund (MIF) bill, saying she hopes its passage into law won’t drag the whole country down into the great “unknown.” ...
President Ferdinand “Bongbong” Marcos Jr. cannot veto portions of the proposed Maharlika Investment Fund (MIF) Act that he doesn’t approve of, Sen. Sherwin Gatchalian said on Thursday, June 1. Gatchalian said the right course would be for the President to remand the bill back to...
President Ferdinand "Bongbong" Marcos Jr. said the government has no intention of using state pension funds as seed fund for the proposed Maharlika Investment Fund (MIF). President Ferdinand 'Bongbong' Marcos Jr. (Noel B. Pabalate) Marcos expressed agreement on one of the amendments to the bill that...
To make sure ordinary Filipinos understand the proposed Maharlika Investment Fund Act, Senator Robinhood "Robin" C. Padilla pushed for a Filipino translation of the measure and its related documents. Padilla, an advocate for the use of Filipino as a medium of official communication, made the...
The House leadership has named the chamber's contingent to the Bicameral Conference Committee hearing on the proposed Maharlika Investment Fund (MIF), or Philippine sovereign wealth fund. The group is composed of Manila 5th district Rep. Irwin Tieng, chairman of the Committee on Banks and Financial...
The Senate has approved its final version of the proposed Maharlika Investment Fund (MIF) Act on third and final reading early Wednesday, May 31. Senate President Juan Miguel “Migz” F. Zubiri poses for photo with his colleagues during the marathon session early morning Wednesday, May 31,...
Senator Mark A. Villar, author of Senate Bill 2020, also known as the Maharlika Investment Fund (MIF) bill, is confident that the measure would be approved on third reading this week. “We have carefully studied and analyzed the MIF bill. We made revisions and added more safeguards to ensure that...
Finance Secretary Benjamin Diokno on Tuesday, May 30, said that it is up to the boards of directors of state pension institutions, such as the Social Security System (SSS) and Government Service Insurance System (GSIS), to invest in the proposed Maharlika Investment Fund (MIF). Finance Secretary...
The Senate minority bloc is pushing for an “iron-clad” provision in the Senate’s version of the proposed Maharlika Investment Fund (MIF) Act to guarantee that pension funds in the Government Service Insurance System (GSIS) and the Social Security System (SSS) would not be compromised in the...
House Speaker Martin Romualdez (MANILA BULLETIN) House Speaker Martin Romualdez is predicting that the Philippine Stock Exchange (PSE) would play a bigger role in the country’s development with the potential enactment of the Maharlika Investment Fund (MIF). Romualdez, the prime mover of the MIF...
The Senate may hold special sessions to accommodate senators’ questions and concerns regarding the proposed Maharlika Investment Fund (MIF) bill this week, Senate Majority Leader Joel Villanueva said on Sunday, May 28. Earlier, Senate President Juan Miguel “Migz” Zubiri said the Senate is...
Senate Minority Leader Aquilino "Koko" Pimentel III (Senate PRIB) The Senate minority bloc will do everything it can to prevent the passage of the Maharlika Investment Fund (MIF) Bill next week, or just before the Senate goes into sine die adjournment on May 31. Senate Minority Leader Aquilino...
