It took only 18 days for the House of Representatives to pass the proposed Maharlika Investment Fund (MIF) Bill, but Quezon 2nd district Rep. David "Jay-Jay" Suarez chose to describe the rather quick process as "congressional surgery". Quezon 2nd district Rep. David Suarez (Facebook) “The...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
Who says that the all-powerful House majority bloc had sole input on the controversial Maharlika Investment Fund (MIF) Bill? House Speaker Martin Romualdez (Speaker's office) House Speaker Martin Romualdez highlighted on Friday afternoon, Dec. 15 a provision in the bill for social welfare purposes...
The Senate awaits the transmission of the controversial Maharlika Investment Fund bill following its approval by the House of Representatives on Thursday, December 15. "They just passed it yesterday and we are now on a (Christmas) break. So logically nothing can be transferred or referred to us...
Opposition Senator Risa Hontiveros on Friday, December 16 criticized the apparent haste in which the President Ferdinand “Bongbong” Marcos Jr. and his allies in the House of Representatives railroaded the approval of the proposed Maharlika Wealth Fund bill calling it “premature” and a...
That the proposed Maharlika Investment Fund (MIF) took only 18 calendar days to get passed in the House of Representatives rubs Basilan lone district Rep. Mujiv Hataman the wrong way. Basilan lone district Rep. Mujiv Hataman (Facebook) Hataman was one of six congressmen who voted against the...
The Maharlika Investment Fund will have extensive effects and ramifications not only to our generation but potentially to future generations of Filipinos. ‘’Hence this should not be rushed. Haste makes waste,’’ Senate Minority Leader Aquilino "Koko" Pimentel III said on Friday, December 16...
As expected by many, the House of Representatives approved on third and final reading on Thursday night the proposed Maharlika Investment Fund (MIF), which, if enacted, will serve as the Philippine sovereign wealth fund. (Ellson Quismorio/ MANILA BULLETIN) The proposed MIF, embodied in House Bill...
Senate Minority Leader Aquilino Pimentel III on Thursday, December 15 said a presidential certification of the Maharlika Fund bill as urgent is clearly an abuse already of presidential prerogatives and powers. ‘’Hence I sincerely hope, for the sake of the Rule of Law, that President Marcos will...
Former Socioeconomic Planning Secretary Ernesto M. Pernia categorically said that the planned Maharlika Wealth Fund is “not wise.” In a radio interview, Pernia said that before proceeding with the Maharlika, there must be clear assessment as to where the economy stands at present. He urged the...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
