Senate Minority Leader Aquilino “Koko” Pimentel III on Thursday warned President Ferdinand “Bongbong” Marcos Jr. against signing the Maharlika Investment Fund Bill, saying there is "high chance" that it is unconstitutional.
Pimentel argued anew that the MIF bill is not timely as the world economy and the geopolitical situation are bad and added that this kind of legislation needs more time to be discussed by the Filipino themselves in the spirit of fairness. Several senators, including Pimentel, Senator Francis Escudero, and Senator Risa Hontiveros, asserted that the bill should be sent back to the Senate plenary in order for lawmakers to fix the bill.But this has already been fixed by merging the two sections and retaining the 10-year period for prescription, Senate Secretary Renato Bantug Jr. said in a phone interview with reporters on Wednesday.
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