With finality, President Ferdinand "Bongbong" Marcos Jr. will not participate in the management of the Maharlika Investment Fund (MIF) but will just become head of its advisory board. The President, however, would have the power to remove members of the board, according to Senate President Juan...
Senator Grace Poe favors the sale of non-performing or problematic government assets to fund the Maharlika Investment Fund (MIF). Poe thinks the private sector might handle these assets better as they are said to be riddled by corruption or are mismanaged. She advised that the sale should be done...
Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, its top officials announced Friday (January 27). Socialized homes represent 18% of the 105,212 homes financed by the agency for 2022. The aggregate amount released for socialized housing loans, meanwhile, is 7% or...
Another proposed "sovereign" fund has been filed in the House of Representatives, this time for the benefit of overseas Filipino workers (OFWs). Parañaque City 1st district Rep. Edwin Olivarez (Facebook) Parañaque City 1st district Rep. Edwin Olivarez filed last Jan. 19, 2023 House Bill (HB)...
Senate Minority Leader Aquilino Pimentel III said on Thursday, January 26, he is saddened that his motion to refer the controversial Maharlike Investment Fund (MIF) bill to the Senate Committee on Government Corporations and Public Enterprises was not considered by his colleagues. Pimentel had...
The Senate on Wednesday, January 25 referred the controversial Maharlika Investment Fund (MIF) bill to the Senate Committee on Banks chaired by Sen. Mark Villar. This was after majority of the members of the Senate unanimously voted down a motion to refer the controversial MIF bill to the Senate...
The House Committee on Overseas Workers Affairs has approved, subject to style and “enhancement”, on Wednesday, Jan. 25, a substitute bill that seeks to expand the legal fund provided for distressed overseas Filipinos. Overseas Filipino workers (Jansen Romero/File Photo/ MANILA BULLETIN) The...
Liberal Party (LP) President and Albay 1st district Rep. Edcel Lagman is disputing his fellow congressman's claim that the country’s government-owned and controlled corporations (GOCCs) has surplus earnings for the proposed Maharlika Investment Fund (MIF). Albay 1st district Rep. Edcel Lagman...
The Senate will start with the House of Representatives' version of the controversial Maharlika Investment Fund (MIF) bill and will later propose perfecting amendments to it, Senate President Juan Miguel Zubiri said on Tuesday, January 24. "We will consult with all sectors and lay the premise on...
Senator Risa Hontiveros on Tuesday, January 24 said she is pleased to know that President Ferdinand “Bongbong” Marcos Jr. has reservations on the new “re-engineered” version of the proposed Maharlika Investment Fund (MIF). Marcos, in a recent interview, has expressed his doubts on the idea...
President Ferdinand "Bongbong" Marcos Jr. on Monday allayed the concerns of the public regarding the possible establishment of the Maharlika Investment Fund as he said the money that will come from Filipinos will not sleep but will be used for investments. "Hindi 'yun basta't, oh sige, bigyan niyo...
Senator Mark A. Villar has filed the counterpart measure to House Bill No. 6608 or the bill that seeks the establishment of the Maharlika Investment Fund (MIF). Villar, chairman of the Senate banks committee, identified the sources of funds for the controversial MIF under Senate Bill No. 1670 which...
