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...
Public school teachers on Friday, Dec. 9, urged the government to immediately release their benefits before Christmas and grant their call for a “substantial” pay increase. (Photo courtesy of ACT Philippines) Members of the Manila Public School Teachers Association (MPSTA) and Alliance of...
The government’s economic managers have urged for the swift passage of the proposed sovereign wealth fund bill, noting it will help usher in the country’s inclusive and sustainable growth. In a joint statement, the Department of Finance (DOF), Department of Budget and Management, National...
The Chamber of Commerce of the Philippine Islands (The Chamber) has recommended an in-depth analysis and evaluation of what it called as similar sovereign wealth funds (SWFs) existing in the country to help in coming up with a decision on the proposed Maharlika Wealth Fund (MWF). In a statement,...
The Department of Finance (DOF) and the Global Green Growth Institute (GGGI) sealed the implementation agreement for the Green Climate Fund (GCF) Readiness Program that seeks to speed up climate action through green finance. Finance Secretary Benjamin E. Diokno and GGGI Philippines Country...
If the proposed Maharlika Wealth Fund is done properly, it could actually work and would present vast investment opportunities, Go Negosyo Founder Joey Concepcion said. Go Negosyo founder Joey Concepcion (Photo from Go Negosyo via Facebook) “Done properly, I think it’s a good idea,”...
Senator Risa Hontiveros on Wednesday, December 7 reiterated her call for the government to consider granting workers' demands for salary adjustments in order to address runaway inflation, which surged to 8.0 percent in November. Hontiveros said she particularly supports the call for wage hikes as...
The Bureau of the Treasury assured the public that the government will impose safeguard measures to ensure the integrity of the proposed Maharlika Wealth Fund (MWF). In a statement, National Treasurer Rosalia V. De Leon said on Wednesday, Dec. 7, that the bureau supports the establishment of a P250...
The pilot thickens on the alleged anomalous P1.1-billion fund transfer between the Department of Information and Communications Technology (DICT) and the Metro Manila Development Authority (MMDA). Northern Samar 1st district Rep. Paul Daza (Screenshot from Zoom) This, after whistleblower and...
Here's a bold forecast on the proposed P275-billion Maharlika Wealth Fund (MWF). Aklan 2nd district Rep. Teodorico Haresco Jr. (Wikipedia) Aklan 2nd district Rep. Teodorico Haresco Jr. is saying that the proposed sovereign wealth fund can "easily double the growth of the Philippine economy". “The...
