Camarines Sur 2nd district Rep. LRay Villafuerte has joined the chorus of government officials--led by President Ferdinand "Bongbong" Marcos Jr. himself--who are asking Filipinos to give the proposed Maharlika Investment Fund (MIF) a chance. Camarines Sur 2nd district Rep. LRay Villafuerte...
The Social Security System (SSS) said the increase in members contributions beginning January next year would proceed as planned despite opposition by private sector employers. In a briefing, Michael G. Regino, SSS president and chief executive officer, said on Thursday, Dec. 15, that postponing...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
The House Committee on Appropriations has officially dropped the Government Service Insurance System (GSIS) and Social Security System (SSS) as sources of funds for the controversial Maharlika Wealth Fund (MWF). (MANILA BULLETIN) This, after the appropriations panel approved during a public hearing...
A step in the right direction. Northern Samar 1st district Rep. Paul Daza (Facebook) That's how Northern Samar 1st district Rep. Paul Daza described the Houae leadership's decision to amend the controversial Maharlika Wealth Fund (MWF) bill and remove the Government Service Insurance System (GSIS)...
Senator Francis Tolentino thinks he knows why the House of Representatives suddenly balked at plans to tap the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the proposed P275-billion Maharlika Wealth Fund (MWF). Senator Francis Tolentino (Contributed...
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...
Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has confirmed that the Government Service Insurance System (GSIS) and the Social Security System (SSS) would no longer be tapped to funnel money to the proposed Maharlika Wealth Fund (MWF). Ilocos Norte 1st district Rep....
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 House tax panel approved on Monday, Dec. 5, the tax provisions of the proposed House Bill (HB) No. 6398, or the Maharlika Investment Fund Act, which will ensure that tax benefits go to the investment fund rather than line the pockets of executives and other officials. Albay 2nd district Rep....
Some senators on Monday, December 5 have expressed their reservations about the propsoed Maharlika Investment Fund (MIF) noting it is a “high-risk, high reward” endeavor. “Thus, there should be safeguards and limitations on investment into riskier endeavors,” Senator Sonny Angara, chairman...
