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)...
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 proposed P275-billion Maharlika Wealth Fund (MWF) should be patterned after the tried and tested features of other countries' sovereign wealth funds (SWF). Bagong Henerasyon (BH) Party-List Rep. Bernadette Herrera House Deputy Minority Leader and Bagong Henerasyon (BH) Party-List Rep....
House Deputy Minority Leader and Bagong Henerasyon (BH) Party-List Rep. Bernadette Herrera has used the Chinese mixed vegetable dish "chop suey" to describe the controversial Maharlika Wealth Fund (MWF) being pushed by majority solons. Chop suey (Unsplash) In a statement Wednesday, Dec. 7, Herrera...
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...
The national government was urged to prioritize social benefits for workers and production subsidies for the marginalized sectors, saying that this would help “boost productivity” in the country. (Unsplash) “In social benefits and production aid – these are where the Marcos administration...
While House Deputy Minority Leader and ACT Teachers Party-list Rep. France Castro on Tuesday, Dec. 6, urged President Ferdinand “Bongbong” Marcos Jr. to prioritize salary increase amid the 14-year-high inflation rate of 8 percent in November 2022, House Ways and Means chair and Albay 2nd...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
