PHILIPPINE STAR/ KRIZ JOHN ROSALES
The Department of Finance said in a statement that government banks like the DBP and Land Bank of the Philippines are routinely allowed to reduce their dividends. He was responding to a statement by Representative France L. Castro, the House deputy minority leader from the ACT-Teachers Party-list, that Executive Order No. 8, which reduced the rate of DBP’s dividends to the National Government to 0%, “was issued to increase DBP’s capital for the Maharlika fund.”
Part of the proposed MIF’s initial funding was to come from the DBP, which will pitch in P25 billion.
Source: News Formal (newsformal.com)
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Maharlika beneficial to PH development plan, says Neda chiefThe MIF will be beneficial to the implementation of the Marcos administration’s Philippine Development Plan for 2023-2028 as it can help finance the national government’s investment priorities, according to Secretary Arsenio Balisacan. Of course marcos cronies love the plan. That's why they were appointed by Marcos. Once the opposition approves it, then it's a good plan and not partisan politics. Wake up people. Saan ba kasi i-invest ang pera at parang sure sila na low-risk at high yield ito? Wala kasing ganun. Bagsak ata halos lahat ng stocks at mutual funds ngayon. Globally, on the brink of recession madaming bansa. So, saan nila balak mag-invest.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Maharlika is the new governmentTHE economic team of the Marcos administration gave stability and coherence to a Philippines exposed to Covid and VUCA (volatility, uncertainty, complexity and ambiguity). That it...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Villafuerte to public: Let’s give Maharlika Act a chance - BusinessMirrorWith the recent endorsement of President Ferdinand R. Marcos Jr. for the passage of the proposed Maharlika Investment Fund (MIF) Act, a senior lawmaker on Monday appealed to the public to give the proposal a chance. Camarines Sur Rep. LRay Villafuerte, in a news statement, said the Maharlika bill, which has been certified as urgent
Source: BusinessMirror - 🏆 19. / 59 Read more »
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Source: BusinessMirror - 🏆 19. / 59 Read more »
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Source: rapplerdotcom - 🏆 4. / 86 Read more »
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Source: inquirerdotnet - 🏆 3. / 86 Read more »