The Department of Budget and Management (DBM) said it is determined to redouble its efforts in securing the passage of key structural reforms that are vital for maintaining the country's economic growth. Budget Secretary Amenah F. Pangandaman issued a statement on Wednesday, Oct. 4, expressing her...
House Speaker Martin Romualdez (Contributed photo) House Speaker Martin Romualdez reiterated Wednesday, Oct. 4 that the Maharlika Investment Fund (MIF) Act of 2023 went through the proper legislative processes. "We have followed due legislative processes in...
Senate President Juan Miguel "Migz" Zubiri said that the Senate is ready to answer any questions and issues concerning the Maharlika Investment Fund (MIF) Act of 2023 under Republic Act No. 11954. "I have already instructed the Senate Secretary to coordinate with the Office of the Solicitor...
President Marcos is set to receive a list of names on Monday, from which he will handpick six individuals to join the board of the Maharlika Investment Corp. (MIC). A total of 29 candidates have successfully met the qualifications for various positions at the MIC, including the roles of president...
(MANILA BULLETIN) The planned realignment of confidential and intelligence funds (CIFs) in the P5.768-trillion General Appropriations Bill (GAB) isn't solely for the purpose of addressing the West Philippine Sea (WPS) issue. Committee on Appropriations...
(Unsplash) House Deputy Minority leader and Makabayan bloc member ACT Teachers Party-list Rep. France Castro proclaimed "partial success" over the much-disputed issue of confidential and intelligence funds (CIFs) in the propsosed 2024 national budget. “Sa tingin...
Marikina City 2nd Rep. Stella Quimbo (Contributed photo) At least 10 agencies will be affected by the House leadership's planned realignment of confidential and intelligence funds (CIFs) in the P5.768-trillion General Appropriations Bill (GAB) or proposed...
The Advisory Body for the Maharlika Investment Corp. (MIC) has received a considerable number of applications for the six vacant positions on the board of directors of the sovereign wealth fund. The Advisory Body, which consists of the Department of Budget and Management (DBM), National Economic...
Senate President Juan Miguel “Migz” Zubiri on Wednesday, September 27 said the Senate will reallocate confidential and intelligence funds (CIF) and other unnecesary appropriations and give it to the Philippine Coast Guard and the Armed Forces of the Philippines (AFP) and other agencies...
Sen. Raffy Tulfo on Thursday, September 21, criticized the Social Security System (SSS), the Philippine Health Insurance Corporation (PhilHealth), and the Home Development Mutual Fund or Pag-IBIG for not doing enough to ensure that employers have enrolled their "kasambahays" and are paying their...
The Commission on Audit (COA) has denied the petition for payment of P650 million in alleged dividends filed by Macrino A. Angeles against the Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG). The CIIF-OMG is a group of government-owned and controlled corporations registered under the...
(MANILA BULLETIN) House Speaker Martin Romualdez defended the more controversial points of the Maharlika Investment Fund (MIF) on Tuesday, Sept. 19--the same day that former and incumbent solons sought to have the fund declared unconstitutional by the...
