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...
Despite being in the legislative mill in the House of Representatives for a total of just 18 calendar days, the proposed Maharlika Investment Fund (MIF) underwent a lot of revisions and fine-tuning. Albay 2nd district Rep. Joey Salceda In fact, the measure, embodied in House Bill (HB) No.6608,...
Vice President Sara Duterte on Thursday, Dec. 15, chose to keep her silence regarding the proposed bill that would create the controversial Maharlika Investment Fund (MIF), a sovereign wealth fund set to be managed by the government to boost revenues it can use for infrastructure development and...
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...
House Speaker Martin Romualdez, one of the prime movers of the Maharlika Investment Fund (MIF) Bill, has described one senator as "very, very enthusiastic" about the proposed Philippine sovereign wealth fund. House Speaker Martin Romualdez (left) and Senator Mark Villar Romualdez, speaking 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....
Pag-IBIG Fund netted a record-high income of P38.06 billion from January to October 2022, the agency’s top executives announced on Monday (December 12). “I am happy to report that Pag-IBIG Fund continues its strong performance this year. Our P38.06 billion net income in just the first ten...
A member of the House minority bloc has admitted to being swayed by the changes he has seen on the controversial Maharlika Investment Fund (MIF) bill, which majority solons have been aggressively pushing for. Northern Samar 1st district Rep. Paul Daza (Facebook) Senior Deputy Minority Leader and...
