A LABOR group has vowed to oppose state-controlled pension funds from allocating any amount to the Maharlika Investment Fund even after the Department of Finance said such a scheme is allowed through a joint venture.
The labor leader made the statement after Finance Secretary Benjamin E. Diokno clarified that both SSS and the Government Service Insurance System are only barred from infusing equity in the MIF. Congress approved last May 31 the bill creating the MIF. The bill will take effect once President Ferdinand R. Marcos Jr. finally. Signs it into law.
Source: News Formal (newsformal.com)
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