Lawmakers in the current 19th Congress weren't the first to propose the creation of a Philippine sovereign wealth fund. Senior Deputy Speaker Gloria Macapagal-Arroyo Senior Deputy Speaker and former president Gloria Macapagal-Arroyo shared this trivia in a statement Monday morning, Dec. 5, wherein...
Albay 2nd district Rep. Joey Salceda has insisted that the timing is right for Congress to push for the enactment of a Philippine sovereign wealth fund, to be dubbed the Maharlika Wealth Fund (MWF). Albay 2nd district Rep. Joey Salceda This, despite the comments from several sectors that the MWF...
With public school teachers as the biggest contributing sector in the country’s state-run social insurance institution, a group raised concerns about the creation of the “Maharlika Investment Fund.” Members of the Alliance of Concerned Teachers (ACT) Philippines / NOEL PABALATE / MANILA...
P3PWD Party-list Rep. Rowena Guanzon warned against the creation of the controversial P275-billion Maharlika Wealth Fund (MWF) by the Marcos administration, likening it to the mythical Tallano gold said to be in possession of the Marcos family. P3PWD Party-list Rep. Rowena Guanzon (Photo from Rep....
The P250 billion commitment of the Home Development Mutual Fund, or Pag-IBIG Fund, to the government housing program is an assurance of fair distribution of economic growth that will eventually create opportunities to the poor and those under the low-income bracket, Department of Human Settlements...
Albay 2nd district Rep. Joey Salceda said Saturday, Dec. 3 that he would welcome further discussion on House Bill (HB) No.6398 or the proposed Maharlika Wealth Fund (MWF) from the upper chamber. Albay 2nd district Rep. Joey Salceda (left) and Senator Imee Marcos (Facebook) This, after presidential...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
Senator Risa Hontiveros on Friday, December 2 raised concerns that the proposed Maharlika wealth fund bill is nothing but a revival of the legacy left by the Martial Law dictatorship. “Makarinig lang ako ng salitang Maharlika, medyo nagkakaheebie-jeebies din ako diyan eh (Just hearing the word...
Senate President Juan Miguel Zubiri on Friday, December 2 said he will ask a select group of senators to carefully study a bill at the House of Representatives seeking to create a Maharlika Investment Act "and give the Senate feedback on the essence of the Fund." Members of the group include...
The proposed P275-billion Maharlika Wealth Fund (MWF) has enough safeguards in it to prevent its embezzlement a la the 2016 1Malaysia Development Berhad scandal or 1MDB scandal in Malaysia. Albay 2nd district Rep. Joey Salceda Albay 2nd district Rep. Joey Salceda made this assurance Friday, Dec. 2,...
Foreign business groups in the country are keenly watching the proposed creation of a Maharlika Wealth Fund, a Philippine sovereign wealth fund, being pushed in the Lower House. “We are following it with great interest,” said Lars Wittig, president of the European Chamber of Commerce of the...
The House Committee on Banks ang Financial Intermediaries approved during a public hearing Thursday afternoon, Dec. 1 the proposed Philippine sovereign wealth fund, dubbed the Maharlika Wealth Fund (MWF). The giant Philippine flag inside the House plenary (PPAB) The proposed MWF Act is embodied in...
