Senator Jose ‘’Jinggoy’’ Ejercito Estrada has questioned why proponents are rushing the approval of the proposed P275-billion sovereign wealth fund bill when senators have yet to iron out kinks and hold public debates to discuss the matter. During a DWIZ radio interview Saturday, Dec. 3,...
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...
Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has explained in layman's terms what the proposed "Maharlika fund" is all about. Ilocos Norte 1st district Rep. Sandro Marcos (Facebook) Essentially a national sovereign wealth fund, the proposal is embodied in House...
Albay 2nd district Rep. Joey Salceda has practically guaranteed the approval of the tax provisions of House Bill (HB) No.6398 or the proposed Maharlika Investment Fund (MIF), also known as the Maharlika Wealth Fund (MWF). Albay 2nd district Rep. Joey Salceda Salceda chairs the House Committee on...
The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference. During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said he expects President...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
