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...
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...
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)...
House Speaker Martin Romualdez has filed a bill pushing for the creation of a sovereign wealth fund (SWFs) that will improve investment opportunities for Filipinos. House Speaker Martin Romualdez (Photo from House of Representatives via Twitter) House Bill (HB) No. 6398, if enacted, would establish...
