President Ferdinand “Bongbong” Marcos Jr. cannot veto portions of the proposed Maharlika Investment Fund (MIF) Act that he doesn’t approve of, Sen. Sherwin Gatchalian said on Thursday, June 1. Gatchalian said the right course would be for the President to remand the bill back to...
The Senate has approved its final version of the proposed Maharlika Investment Fund (MIF) Act on third and final reading early Wednesday, May 31. Senate President Juan Miguel “Migz” F. Zubiri poses for photo with his colleagues during the marathon session early morning Wednesday, May 31,...
The Senate may hold special sessions to accommodate senators’ questions and concerns regarding the proposed Maharlika Investment Fund (MIF) bill this week, Senate Majority Leader Joel Villanueva said on Sunday, May 28. Earlier, Senate President Juan Miguel “Migz” Zubiri said the Senate is...
Senator Francis “Chiz” Escudero on Friday, May 26 expressed concern that the proposed Maharlika Investment Fund (MIF) bill will have the potential to deplete the funds of the two government banks, despite the positive projections aired by state economic managers. Sen. Francis “Chiz”...
(Unsplash) Senator Francis ‘’Chiz’’ Escudero has filed a bill that would enable the Office of the Ombudsman to retain at least 30 percent of the value of the ill-gotten assets acquired from the forfeiture cases that the government won in courts against corrupt public officials. Escudero...
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...
