Despite being in the legislative mill in the House of Representatives for a total of just 18 calendar days, the proposed Maharlika Investment Fund (MIF) underwent a lot of revisions and fine-tuning. Albay 2nd district Rep. Joey Salceda In fact, the measure, embodied in House Bill (HB) No.6608,...
The controversial Maharlika Investment Fund (MIF) Bill was approved on third and final reading on Thursday night, Dec. 15, during the House of Representatives' last plenary session for the year. Clockwise: Albay 1st district Rep. Edcel Lagman, Basilan lone district Rep. Mujiv Hataman, Camarines Sur...
Vice President Sara Duterte on Thursday, Dec. 15, chose to keep her silence regarding the proposed bill that would create the controversial Maharlika Investment Fund (MIF), a sovereign wealth fund set to be managed by the government to boost revenues it can use for infrastructure development and...
As expected by many, the House of Representatives approved on third and final reading on Thursday night the proposed Maharlika Investment Fund (MIF), which, if enacted, will serve as the Philippine sovereign wealth fund. (Ellson Quismorio/ MANILA BULLETIN) The proposed MIF, embodied in House Bill...
Senate Minority Leader Aquilino Pimentel III on Thursday, December 15 said a presidential certification of the Maharlika Fund bill as urgent is clearly an abuse already of presidential prerogatives and powers. ‘’Hence I sincerely hope, for the sake of the Rule of Law, that President Marcos will...
Former Socioeconomic Planning Secretary Ernesto M. Pernia categorically said that the planned Maharlika Wealth Fund is “not wise.” In a radio interview, Pernia said that before proceeding with the Maharlika, there must be clear assessment as to where the economy stands at present. He urged the...
The House of Representatives approved on second reading Thursday afternoon, Dec. 15, the measure creating the Philippine sovereign wealth fund, dubbed the Maharlika Investment Fund (MIF). The House plenary (Ellson Quismorio/ MANILA BULLETIN) The proposed MIF, embodied in House Bill (HB) No.6608,...
Amid rumors that the House leadership will have the Maharlika Investment Fund (MIF) Bill approved on second reading before the holiday break, the Makabayan bloc maintained Thursday, Dec. 15 that the proposed Philippine sovereign wealth fund was both "dangerous" and "untimely". Gabriela Party-list...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
The House of Representatives is waiting for the possible inputs of Presidential Chief Legal Counsel Juan Ponce Enrile on the proposed Maharlika Investment Fund (MIF). Thus, said Manila 5th district Rep. Irwin Tieng, chairman of the House Committee on Banks and Financial Intermediaries. The panel is...
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...
