Authors of the proposed Maharlika Wealth Fund have dropped state pension funds Government Service Insurance System and Social Security System as mandatory contributors to the proposed sovereign wealth fund, House appropriations panel senior vice chairperson Stella Quimbo of Marikina City said Wednesday.
“That is why we decided that we won’t compel the GSIS and SSS to contribute. After all, the goal of this fund is to look for a surplus fund to be an investment vehicle for higher returns that will yield a higher budget for government programs," Quimbo added. “We will know the amount on Friday. It will not be considerably smaller. The amount [left] will still be big enough to start an investment fund,” Quimbo added, referring to the committee deliberations on the measure on Friday.
Quimbo said that the Maharlika fund will allow government financial institutions to raise huge amounts of funds at an unprecedented level necessary to achieve progress. Quimbo said that there is still a huge unmet funding requirement for social services such as government subsidy, hospitals, education, airports, bridges and flood control projects.
They listened… 🙏🏽 SovereignWealthFund
Itigil nyo Yan at Wala nmn investment na kikita in a span of 6 yrs at magrerecession pa.
Ilagay nyo savings from executive legislative at judiciary. Kung naniniwala kayong kikita Yan isugal nyo mga savings Ng legislative.
Sige lang mga tigulang na bitaw na ONE way of family planning lessens
CASINOS
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INQToday: Proposed Maharlika Fund would no longer include SSS, GSIS funds — QuimboProposed Maharlika Fund would no longer include SSS, GSIS fund — Quimbo
Source: inquirerdotnet - 🏆 3. / 86 Read more »
After backlash, House leaders spare GSIS, SSS from Maharlika fundThe decision came after Speaker Martin Romualdez and other House leaders met with economic managers to reevaluate the proposal. READ: Kayong mga politicians ang mabubura sa politics kapag pinilit nyo pang galawin public funds ng SSS at GSIS. Of course babawian namin kayo pag dating ng botohan. At kung sino man nagpasimuno nyan sa inyo. Wala votes next election ahahahhaa Kung di pa tayo nagsalita! Its working. Keep on hounding them. Hands. Off. Our. Pensions!
Source: rapplerdotcom - 🏆 4. / 86 Read more »
House to remove GSIS, SSS as contributors to proposed ‘Maharlika’ fund
Source: manilabulletin - 🏆 25. / 51 Read more »
GSIS vows transparency, investment protection in proposed Maharlika fundThe Government Service Insurance System gave assurance that there will be transparency in the proposed Maharlika Investment Fund and that investments that will be made through it would be protected. | DYGalvezINQ DYGalvezINQ The independent directors are chosen by presidential appointees, making the independent directors pass-through presidential appointees. There is nobody on the board, or advising the board, that isn’t directly or indirectly employed by the president. DYGalvezINQ DYGalvezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
GSIS chief says Maharlika Wealth Fund a long-term investmentGSIS president and General Manager Arnulfo 'Wick' Veloso on Tuesday branded the proposed Maharlika Wealth Fund as a 'long-term investment.' Veloso said this would contribute to the goal of the Marcos administration towards nation-building. invest it where? Nation-building? Baka personal bank account building. Ano ba yan!
Source: gmanews - 🏆 11. / 68 Read more »
EXPLAINER: What is the 'Maharlika fund' and why is it raising concern among critics, including Marcos' sister?What would happen if the Maharlika Wealth Fund would be enacted into a law? | via philstarlife philstarlife What would happen is that masusunog mga pensions natin mga tao plain and simple.
Source: PhilippineStar - 🏆 7. / 71 Read more »