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 President of the Philippines will no longer become chairman of the board of directors of the proposed Maharlika Wealth Fund (MWF). President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Instead, the Department of Finance (DOF) secretary will sit as chairman of the board that...
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 House Committee on Appropriations has officially dropped the Government Service Insurance System (GSIS) and Social Security System (SSS) as sources of funds for the controversial Maharlika Wealth Fund (MWF). (MANILA BULLETIN) This, after the appropriations panel approved during a public hearing...
A step in the right direction. Northern Samar 1st district Rep. Paul Daza (Facebook) That's how Northern Samar 1st district Rep. Paul Daza described the Houae leadership's decision to amend the controversial Maharlika Wealth Fund (MWF) bill and remove the Government Service Insurance System (GSIS)...
Senator Francis Tolentino thinks he knows why the House of Representatives suddenly balked at plans to tap the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the proposed P275-billion Maharlika Wealth Fund (MWF). Senator Francis Tolentino (Contributed...
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,...
Senate Majority Leader Joel Villanueva and fellow majority member Senator JV Ejercito have welcomed the decision of their House colleagues to drop the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the controversial Maharlika Wealth Fund (MWF)....
Minority member Senator Risa Hontiveros has likened the proposed P275-billion Maharlika Wealth Fund (MWF) as a "trial balloon" that will eventually "lose its air". Senator Risa Hontiveros (Facebook) "It is only a matter of time before this trial balloon completely loses air, because, as this...
Senate Minority Leader Aquilino "Koko" Pimentel III assailed on Thursday, Dec. 8 the concept of the controversial P275-billion Maharlika Wealth Fund (MWF), which the House of Representatives is pursuing. Senator Aquilino "Koko" Pimentel III (Facebook) This, despite an apparent decision by the House...
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,”...
The House of Representatives has balked at plans to tap the Government Service Insurance System (GSIS) and the Social Security System (SSS) as contributors to the supposed P275-billion Maharlika Wealth Fund (MWF). Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN)...
