President Ferdinand “Bongbong” Marcos Jr. is set to talk about the country’s proposed sovereign wealth fund before fellow world leaders at the 2023 World Economic Forum (WEF) in Davos, Switzerland, next week, the Department of Foreign Affairs (DFA) said. DFA Undersecretary Carlos Sorreta said...
The Senate awaits the transmission of the controversial Maharlika Investment Fund bill following its approval by the House of Representatives on Thursday, December 15. "They just passed it yesterday and we are now on a (Christmas) break. So logically nothing can be transferred or referred to us...
Opposition Senator Risa Hontiveros on Friday, December 16 criticized the apparent haste in which the President Ferdinand “Bongbong” Marcos Jr. and his allies in the House of Representatives railroaded the approval of the proposed Maharlika Wealth Fund bill calling it “premature” and a...
The Maharlika Investment Fund will have extensive effects and ramifications not only to our generation but potentially to future generations of Filipinos. ‘’Hence this should not be rushed. Haste makes waste,’’ Senate Minority Leader Aquilino "Koko" Pimentel III said on Friday, December 16...
Senate Minority Leader Aquilino Pimentel III on Thursday, December 15 said a presidential certification of the Maharlika Fund bill as urgent is clearly an abuse already of presidential prerogatives and powers. ‘’Hence I sincerely hope, for the sake of the Rule of Law, that President Marcos will...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
Senate President Juan Miguel "Migz" Zubiri said the Senate did not receive any instruction from President Ferdinand "Bongbong" Marcos Jr. to expedite the passage into law of the proposed sovereign wealth fund or the Maharlika Wealth Fund bill. "In fairness to the President he never instructed me to...
The proposed Philippine sovereign wealth fund has been a constantly evolving piece of legislation. (Mari Gimenez/ Unsplash) On Monday morning, Dec. 12, Manila 5th district Rep. Irwin Tieng shared the latest set of amendments to the proposed Maharlika Investment Fund (MIF), which his panel, the...
Don't look now, but the proposed Philippine sovereign wealth fund being pursued by the House of Representatives has once again undergone a name change. Manila 5th district Rep. Irwin Tieng (Contributed photo) According to Manila 5th district Rep. Irwin Tieng, the erstwhile Maharlika Wealth Fund...
President Ferdinand "Bongbong" Marcos Jr. backed the controversial Maharlika Wealth Fund saying, it is advantageous to the Philippines. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang Photo) Marcos, in an interview with reporters onboard the PR001 bound for Belgium, justified the creation...
Determined to implement the planned sovereign wealth fund, Finance Secretary Benjamin E. Diokno said has identified other sources of financing that will take up the slack following the exit of Government Service Insurance System (GSIS) and Social Security System (SSS) as original funders of the...
