Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has explained in layman's terms what the proposed "Maharlika fund" is all about. Ilocos Norte 1st district Rep. Sandro Marcos (Facebook) Essentially a national sovereign wealth fund, the proposal is embodied in House...
The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference. During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said he expects President...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
House Speaker Martin Romualdez has filed a bill pushing for the creation of a sovereign wealth fund (SWFs) that will improve investment opportunities for Filipinos. House Speaker Martin Romualdez (Photo from House of Representatives via Twitter) House Bill (HB) No. 6398, if enacted, would establish...
HOTSPOT Tonyo Cruz Up to now, there are those who believe that laziness is what’s behind the poverty and difficult life of many Filipinos. Jose Rizal already answered this charge in his time, but the fable still exists, infecting minds about the real reasons behind destitution. Enter the World...
HSBC launches yet another milestone in its 147-year history in the Philippines Photos by Kristine Dominique Barreiro BANKING LEADERS From left: HSBC Philippines president and CEO Sandeep Uppal and wealth vice chairman Peter Faulhaber HSBC Philippines recently hosted a dinner for clients to...
Presidential Commission on Good Government (PCGG) Chairman John Agbayani admitted to House members Wednesday morning, Aug. 24 that the agency won't be filing any new cases against the Marcos family on the issue of ill-gotten wealth. PCGG Chairman John Agbayani (Screenshot from Facebook live)...
Albay 2nd district Rep. Joey Salceda shared on Saturday, July 23 the best way to tax rich Filipinos. (Office of Albay 2nd district Rep. Joey Salceda) This, as the economist-solon bared in a statement that he favored the imposition of wealth taxes as a way to help government raise funds for public...
Insular Life (InLife) has introduced a customizable life insurance option with investment component that provides higher life insurance coverage and living benefits to policyholders. In response to customers’ changing financial needs, Gae L. Martinez, InLife chief marketing officer said the...
The Commission on Audit (COA), on Wednesday, June 8, flagged the Presidential Commission on Good Government (PCGG) for unreliable accounting in the agency’s “Abandoned/ Surrendered Property/Assets,” noting that it had left unreported over 100 items in its inventory which include artworks and...
Updating the country’s property valuation system is the correct way to impose a so-called “wealth tax” that local government units (LGUs) can impose on affluent individuals, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Monday, April 11, that LGUs can...
Presidential candidate Bongbong Marcos on Wednesday, March 16 claimed that there are a lot of "fake news" when it comes to the issue of his family's alleged ill-gotten wealth. Presidential candidate Bongbong Marcos (Lakas-CMD Media) “There’s a lot of fake news involved there, let’s leave it...
