House Speaker Martin Romualdez, one of the prime movers of the Maharlika Investment Fund (MIF) Bill, has described one senator as "very, very enthusiastic" about the proposed Philippine sovereign wealth fund. House Speaker Martin Romualdez (left) and Senator Mark Villar Romualdez, speaking 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...
House Speaker Martin Romualdez is leaving it up to President Ferdinand "Bongbong" Marcos Jr. on whether or not the latter will certify the proposed Maharlika Investment Fund (MIF) as an urgent piece of legislation. House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr....
Pag-IBIG Fund netted a record-high income of P38.06 billion from January to October 2022, the agency’s top executives announced on Monday (December 12). “I am happy to report that Pag-IBIG Fund continues its strong performance this year. Our P38.06 billion net income in just the first ten...
A member of the House minority bloc has admitted to being swayed by the changes he has seen on the controversial Maharlika Investment Fund (MIF) bill, which majority solons have been aggressively pushing for. Northern Samar 1st district Rep. Paul Daza (Facebook) Senior Deputy Minority Leader and...
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...
The proposed Maharlika Investment Fund's (MIF) history in the current 19th Congress, particularly in the House of Representatives, has been short but not so simple. (MANILA BULLETIN) Branded as a "vehicle for investments" by its proponents, the planned Philippine sovereign wealth fund arguably...
PAGBABAGO Dr. Florangel Rosario Braid At last, the proponents of the controversial House Bill 6398 heeded the voice of the people, most of them pensioners from the Government Service Insurance System (GSIS) and the Social Security System (SSS). They are wage earners and ordinary employees who...
