The Philippines has signed an agreement with South Korea for a total loan worth 3 billion US dollars, which is earmarked for the country's infrastructure projects. Department of Foreign Affairs (DFA) Secretary Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed on Wednesday...
QUEZON Rep. David Suarez poses with President Ferdinand R. Marcos Jr. and Ilocos Norte Rep. Sandro Marcos during the signing of the 2023 national budget in Malacanang. (Rep. Suarez FB) LUCENA CITY – House Speaker Martin Romualdez has cited Quezon Rep. and House Deputy Majority Leader David...
Four more government financial institutions (GFIs) have signed up in the national housing program of the Marcos administration, the Department of Human Settlements and Urban Development (DHSUD) disclosed on Thursday, Dec. 22. DHSUD Secretary Jose Rizalino Acuzar said he already signed an agreement...
(TANGERE) Half of Filipinos support the proposed Maharlika Investment Fund—a wealth fund that the government can use for investments, a recent nationwide survey conducted by big data research firm Tangere found. In the survey results released on Monday, Dec. 19, Tangere CEO and founder Martin...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
While various big business groups have aired their opposition to the government’s plan to establish a sovereign wealth fund (SWF) called the Maharlika Investment Fund (MIF), the Philippine Stock Exchange came out to voice its support for the proposal. In a short statement, PSE President Ramon S....
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, December 18 said the Senate minority bloc will make an attempt to block the passage of the proposed Maharlika Investment Fund (MIF) bill which they foresee to be a huge risk for the Philippines should it ever become a law. Pimentel...
Who says that the all-powerful House majority bloc had sole input on the controversial Maharlika Investment Fund (MIF) Bill? House Speaker Martin Romualdez (Speaker's office) House Speaker Martin Romualdez highlighted on Friday afternoon, Dec. 15 a provision in the bill for social welfare purposes...
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...
That the proposed Maharlika Investment Fund (MIF) took only 18 calendar days to get passed in the House of Representatives rubs Basilan lone district Rep. Mujiv Hataman the wrong way. Basilan lone district Rep. Mujiv Hataman (Facebook) Hataman was one of six congressmen who voted against the...
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...
