Senior Deputy Speaker and former president Gloria Macapagal-Arroyo shared this trivia in a statement Monday morning, Dec. 5, wherein she defended the wisdom behind House Bill No.6398 or the proposed Maharlika Wealth Fund Act.
“There are more than 20 sovereign wealth funds in the Middle East. Even in the Philippines, the idea is not new – then-Senator-Benigno “Bam” Aquino filed a bill to create such a fund in 2016,” she noted. “The success of any fund, sovereign or private, lies in the quality of its management. In the current version of the Maharlika Wealth Fund, the President of the Philippines chairs its governing board. This is a powerful statement that the highest official of the land will hold himself as ultimately accountable to the Filipino people for the performance of the fund,” said Arroyo.
According to Arroyo, the Philippines historically has had a good track record insofar as its DOF secretaries are concerned, “so this is a valuable resource that our country can count on as available.
eto ba mapapala namin kapag nalugi at nanakaw na pera ng pensioners sa maharlika
NoToMaharlikaFund
So what if he did? Doesnt change the fact na kukunin niyo sa pension ng marami.
Ayusin nyo MB
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