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...
House Speaker Martin Romualdez is leaving it up to President Ferdinand "Bongbong" Marcos Jr. on whether or not the latter will certify the proposed Maharlika Investment Fund (MIF) as an urgent piece of legislation. House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr....
Senate President Juan Miguel "Migz" Zubiri said the Senate did not receive any instruction from President Ferdinand "Bongbong" Marcos Jr. to expedite the passage into law of the proposed sovereign wealth fund or the Maharlika Wealth Fund bill. "In fairness to the President he never instructed me to...
The proposed Philippine sovereign wealth fund has been a constantly evolving piece of legislation. (Mari Gimenez/ Unsplash) On Monday morning, Dec. 12, Manila 5th district Rep. Irwin Tieng shared the latest set of amendments to the proposed Maharlika Investment Fund (MIF), which his panel, the...
Don't look now, but the proposed Philippine sovereign wealth fund being pursued by the House of Representatives has once again undergone a name change. Manila 5th district Rep. Irwin Tieng (Contributed photo) According to Manila 5th district Rep. Irwin Tieng, the erstwhile Maharlika Wealth Fund...
President Ferdinand "Bongbong" Marcos Jr. backed the controversial Maharlika Wealth Fund saying, it is advantageous to the Philippines. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang Photo) Marcos, in an interview with reporters onboard the PR001 bound for Belgium, justified the creation...
