Determined to implement the planned sovereign wealth fund, Finance Secretary Benjamin E. Diokno said has identified other sources of financing that will take up the slack following the exit of Government Service Insurance System (GSIS) and Social Security System (SSS) as original funders of the...
The proposed Maharlika Investment Fund's (MIF) history in the current 19th Congress, particularly in the House of Representatives, has been short but not so simple. (MANILA BULLETIN) Branded as a "vehicle for investments" by its proponents, the planned Philippine sovereign wealth fund arguably...
PAGBABAGO Dr. Florangel Rosario Braid At last, the proponents of the controversial House Bill 6398 heeded the voice of the people, most of them pensioners from the Government Service Insurance System (GSIS) and the Social Security System (SSS). They are wage earners and ordinary employees who...
The government’s economic managers have urged for the swift passage of the proposed sovereign wealth fund bill, noting it will help usher in the country’s inclusive and sustainable growth. In a joint statement, the Department of Finance (DOF), Department of Budget and Management, National...
The Chamber of Commerce of the Philippine Islands (The Chamber) has recommended an in-depth analysis and evaluation of what it called as similar sovereign wealth funds (SWFs) existing in the country to help in coming up with a decision on the proposed Maharlika Wealth Fund (MWF). In a statement,...
If the proposed Maharlika Wealth Fund is done properly, it could actually work and would present vast investment opportunities, Go Negosyo Founder Joey Concepcion said. Go Negosyo founder Joey Concepcion (Photo from Go Negosyo via Facebook) “Done properly, I think it’s a good idea,”...
Senator Risa Hontiveros on Wednesday, December 7 reiterated her call for the government to consider granting workers' demands for salary adjustments in order to address runaway inflation, which surged to 8.0 percent in November. Hontiveros said she particularly supports the call for wage hikes as...
The Bureau of the Treasury assured the public that the government will impose safeguard measures to ensure the integrity of the proposed Maharlika Wealth Fund (MWF). In a statement, National Treasurer Rosalia V. De Leon said on Wednesday, Dec. 7, that the bureau supports the establishment of a P250...
Here's a bold forecast on the proposed P275-billion Maharlika Wealth Fund (MWF). Aklan 2nd district Rep. Teodorico Haresco Jr. (Wikipedia) Aklan 2nd district Rep. Teodorico Haresco Jr. is saying that the proposed sovereign wealth fund can "easily double the growth of the Philippine economy". “The...
The national government was urged to prioritize social benefits for workers and production subsidies for the marginalized sectors, saying that this would help “boost productivity” in the country. (Unsplash) “In social benefits and production aid – these are where the Marcos administration...
While House Deputy Minority Leader and ACT Teachers Party-list Rep. France Castro on Tuesday, Dec. 6, urged President Ferdinand “Bongbong” Marcos Jr. to prioritize salary increase amid the 14-year-high inflation rate of 8 percent in November 2022, House Ways and Means chair and Albay 2nd...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
