Whoever said that independent minority solon Albay 1st district Rep. Edcel Lagman and President Ferdinand “Bongbong” Marcos Jr. would never agree on anything regarding the controversial Maharlika Investment Fund ?In a statement Tuesday afternoon, Jan. 24, Lagman expressed elation over Marcos’s stand on the proposed use of dividends from government-owned and controlled corporations as seed money for the MIF.
“GOCC dividends must not be securitized or sequestered to fund the MIF because they are used for budgetary support to augment the sources of financing the GAA. They must not be parked in long-term investments,” Lagman, president of opposition faction Liberal Party , said. Over the weekend, administration ally Albay 2nd district Rep. Joey Salceda revealed that he took part in a “reengineering” of the House-approved MIF measure. Under this “new” MIF, dividends from GOCCs would be used as start up capital, and that dividends from the Bangko Sentral ng Pilipinas would be excluded.
“They must not be the subject of Initial Public Offering which could lead to private control. Government ownership cannot be limited to less than 50 percent,” he stressed, alluding to another provision in the tweaked MIF that wasn’t in HB No.6608.
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.
Hontiveros ‘pleasantly surprised’ with Marcos’ reservations on ‘reengineered’ Maharlika fundSenator Risa Hontiveros was “pleasantly surprised” after President Ferdinand Marcos Jr. said that he has reservations about the reengineered version of the Maharlika Investment Fund. | DFernandezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Marcos says Maharlika fund safe from money laundering, hopes for 'fast' passage of 'correct' billFerdinand Marcos Jr. also disagrees with using dividends from government-owned and -controlled corporations for the start-up capital of the controversial Maharlika Investment Fund.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Marcos rejects proposal to use GOCC money for Maharlika fundPresident Ferdinand Marcos Jr. has rejected a proposal to use dividends coming from government-owned and controlled corporations (GOCCs) for the proposed Maharlika Investment Fund. Read more:
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Albay solons clash on Maharlika fund as Salceda says no recall neededThere is no need to recall the approval of House Bill (HB) No.6608 or the proposed Maharlika Investment Fund (MIF). Lagman is being such an a55hole about the MIF simply because it is a PBBM initiative. The Marcos hater and leftist ideologue in him absolutely blinds him to legislation that will benefit the country.
Source: manilabulletin - 🏆 25. / 51 Read more »
Gatchalian calls on lawmakers to determine where Maharlika will source fundsMANILA, Philippines — Senator Sherwin Gatchalian on Sunday emphasized the need to determine where the controversial Maharlika Investment Fund (MIF) will source its capital. Gatchalian stated this zacariansINQ Baka yung private businessmen kasama sa Davos sasali at magbibigay ng pondo? Jaz asking... zacariansINQ That statement is just for show. Believe me, he’d be deaf-mute when the contoversial proposal reaches the senate
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Gatchalian, Pimentel voice concerns over Maharlika Investment FundSenate President Juan Miguel Zubiri sees the passage of the Maharlika Investment Fund (MIF) in the upper chamber after the Holy Week, but his colleagues over the weekend voiced concerns over the proposed wealth fund. What are they gonna do now? Voicing concerns won’t do anything unless action is done !!! Medyo lito sa concept ng 'investment fund' yong dalawa. 🤣🤣🤣 Sa mga tanong pa lang sablay na. 🤣🤣🤣
Source: gmanews - 🏆 11. / 68 Read more »