Senator Francis ‘’Chiz’’ Escudero said on Saturday, April 1, that the latest version of the proposal seeking to create the Maharlika Investment Fund (MIF) has better chances of getting Senate approval following key changes in the bill. Escudero said he already signed the committee report...
SPEAKING OUT Pag-IBIG Fund has tapped BPI’s wealth management arm, BPI Asset Management and Trust Corporation (now known as BPI Wealth), to manage an additional P1 billion investment mandate, bringing its total managed fund to ₱2 billion. This comes after a rigorous four-month bidding process....
Senator Alan Peter S. Cayetano expressed reservations on the passage of the Maharlika Investment Fund (MIF) bill. Senate Minority Leader Aquilino Pimentel III also said his minority block would attempt to stop the passage of the MIF bill by the pro-administration Senate. The Senate banks committee...
Senators on Wednesday, February 1 took turns grilling members of President Ferdinand “Bongbong” Marcos Jr.’s economic team who are pushing hard for the passage of the Maharlika Investment Fund (MIF) bill as they sought for answers about the purpose and vision of the measure which was...
Another proposed "sovereign" fund has been filed in the House of Representatives, this time for the benefit of overseas Filipino workers (OFWs). Parañaque City 1st district Rep. Edwin Olivarez (Facebook) Parañaque City 1st district Rep. Edwin Olivarez filed last Jan. 19, 2023 House Bill (HB)...
Liberal Party (LP) President and Albay 1st district Rep. Edcel Lagman is disputing his fellow congressman's claim that the country’s government-owned and controlled corporations (GOCCs) has surplus earnings for the proposed Maharlika Investment Fund (MIF). Albay 1st district Rep. Edcel Lagman...
The approval of the proposed Maharlika Investment Fund (MIF) must be recalled by the House of Representatives, independent minority solon Albay 1st district Rep. Edcel Lagman said on Saturday, Jan. 21. Albay 1st district Rep. Edcel Lagman (Facebook) This, after he got wind of a new MIF that was...
ZURICH, Switzerland — President Ferdinand "Bongbong" Marcos Jr. said he was leaving it to Congress to decide on the final form of the proposed Maharlika Investment Fund (MIF). President Ferdinand 'Bongbong' Marcos Jr. Marcos said this after House Ways and Means Committee Chairperson Joey Salceda...
The proposed Maharlika Investment Fund (MIF) that wowed potential investors at the World Economic Forum (WEF) in Davos, Switzerland was essentially a rewritten document that's entirely different from the bill passed by the Philippine House of Representatives. Albay 2nd district Rep. Joey Salceda...
The Philippine Chamber of Commerce and Industry (PCCI) is pushing for the imposition of higher taxes on luxury items, but not the “wealth tax”, to help address the country’s huge budget deficit. PCCI President George T. Barcelon raised this proposal in reaction to clamor to impose wealth tax,...
DAVOS, Switzerland — A high-ranking executive from multinational investment firm Morgan Stanley believes that the administration's controversial proposed Maharlika Wealth Fund is interesting as it will be able to attract many investments in the long term, Malacañang said. President...
DAVOS, Switzerland — President Ferdinand "Bongbong" Marcos Jr. said setting up a Philippine sovereign wealth fund is a "good idea" to leverage government assets and pursue big-ticket infrastructure projects, particularly in energy and agriculture. President Ferdinand 'Bongbong' Marcos holds...
