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...
House Speaker Martin Romualdez says the legislators of the 19th Congress filed the proposed Philippine sovereign wealth fund because they have the "political will" for it. House Speaker Martin Romualdez (Speaker's office) Romualdez, who is currently on an official trip to Brussels, Belgium together...
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....
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...
There is chorus of support from the House of Representatives for the Maharlika Investment Fund (MIF), and the voices are coming from different ends of the political spectrum. Clockwise: PBA Party-list Rep. Migs Nograles, Pampanga 3rd district Rep. Aurelio Gonzales, Quezon 1st district Rep. Mark...
