Senate Majority Leader Joel Villanueva and fellow majority member Senator JV Ejercito have welcomed the decision of their House colleagues to drop the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the controversial Maharlika Wealth Fund (MWF)....
Minority member Senator Risa Hontiveros has likened the proposed P275-billion Maharlika Wealth Fund (MWF) as a "trial balloon" that will eventually "lose its air". Senator Risa Hontiveros (Facebook) "It is only a matter of time before this trial balloon completely loses air, because, as this...
Senate Minority Leader Aquilino "Koko" Pimentel III assailed on Thursday, Dec. 8 the concept of the controversial P275-billion Maharlika Wealth Fund (MWF), which the House of Representatives is pursuing. Senator Aquilino "Koko" Pimentel III (Facebook) This, despite an apparent decision by the House...
The House of Representatives has balked at plans to tap the Government Service Insurance System (GSIS) and the Social Security System (SSS) as contributors to the supposed P275-billion Maharlika Wealth Fund (MWF). Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN)...
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...
The proposed P275-billion Maharlika Wealth Fund (MWF) should be patterned after the tried and tested features of other countries' sovereign wealth funds (SWF). Bagong Henerasyon (BH) Party-List Rep. Bernadette Herrera House Deputy Minority Leader and Bagong Henerasyon (BH) Party-List Rep....
House Deputy Minority Leader and Bagong Henerasyon (BH) Party-List Rep. Bernadette Herrera has used the Chinese mixed vegetable dish "chop suey" to describe the controversial Maharlika Wealth Fund (MWF) being pushed by majority solons. Chop suey (Unsplash) In a statement Wednesday, Dec. 7, Herrera...
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...
Independent minority solon, Albay 1st district Rep. Edcel Lagman says that the proposed P275-billion Maharlika Wealth Fund (MWF) shouldn't be "fast-tracked" by legislators. Albay 1st district Rep. Edcel Lagman (left) and Ilocos Norte 1st district Rep. Sandro Marcos (Facebook) This, as Liberal Party...
Senior Deputy Speaker and former president Gloria Macapagal-Arroyo has bared what she believed was the upside to institutionalizing a Philippine sovereign wealth fund. Senior Deputy Speaker Gloria Macapagal-Arroyo There is a serious push from the House of Representatives right now to set up the...
The Philippines should "take advantage" of its newfound tag as "rising star of the Association of Southeast Asian Nation (ASEAN) region" by institutionalizing a sovereign wealth fund. Thus, said Ilocos Norte 1st district Rep. Sandro Marcos, one of the authors of House Bill (HB) No.6398 or the...
The proposed P275-billion Maharlika Wealth Fund (MWF) wasn't the idea of President Ferdinand "Bongbong" Marcos Jr. per se. Ilocos Norte 1st district Rep. Sandro Marcos (left) and his father, President Ferdinand "Bongbong" Marcos Jr. (Speaker's office) Senior Deputy Majority Leader and Ilocos Norte...
