The House of Representatives has balked at plans to tap the Government Service Insurance System and the Social Security System as contributors to the supposed P275-billion Maharlika Wealth Fund .
“This morning the House leaders led by Speaker [Martin] Romualdez met with the economic managers to reassess the Maharlika fund bill as drafted by the economic managers,” she said. “The discussions on the amendments shall be taken up by the Committee on Appropriations on Friday upon the instructions of Speaker Romualdez,” she added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
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 »
Nat'l housing program to receive funds from GSIS, SSS, banks —DHSUDMore government financial institutions (GFIs) will provide funds for the national housing program, the Department of Human Settlements and Urban Development (DHSUD) said on Wednesday.
Source: gmanews - 🏆 11. / 68 Read more »
Laws, SC rulings that say SSS, GSIS funds are privateRetired SC senior associate justice Antonio Carpio said SSS and GSIS funds cannot be used for non-members of the systems, adding that it is unconstitutional to take private property for public use. Having seen the goods, the thieves will simply find another way to get in...they have accomplices in their pocket....the confidential funds, remember...? can u make a side by side comment of GSIS, Landbank, SSS and the names of these directors vs the comment of BSP and SC and all private businesses against to this fund? Kaso takot komontra mga tongressman at senador kaya puro yes sir lng hahaha
Source: rapplerdotcom - 🏆 4. / 86 Read more »
GSIS chief pushes wealth fund bill for ‘national dev’t’“The Maharlika (fund) is a long-term investment,” said Government Service Insurance System (GSIS) President and General Manager Arnulfo Veloso, speaking to Radyo Pilipinas in Filipino. “Its goal is not only to have investments but also to help in-- READ:
Source: MlaStandard - 🏆 20. / 55 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 »