MANILA, Philippines – Four Senate committees – Banks, Financial Institutions and Currencies; Government Corporations and Public Enterprises; Ways and Means; Finance – are set to hold a joint public hearing on the Maharlika fund proposal on Wednesday, February 1.President Ferdinand Marcos Jr.
, who has personally backed the establishment of the Maharlika Investment Fund.on December 15, 2022, after Marcos certified it as urgent. Zubiri estimated that the Senate could pass the measure after the Holy Week break.the government to find “realistic funding sources,” and to avoid political risks and conflicts of interest as it hammers out the Maharlika Investment Fund.
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Senate to propose ‘perfecting amendments’ to House version of Maharlika Fund billThere is no assurance that the Senate will pass the House of Representatives&39; version of the bill creating the Maharlika Investment Fund (MIF) as the measure is still a "work in progress," Senate President Juan Miguel Zubiri said Tuesday.
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Poe, Angara back proposal to sell gov’t assets for Maharlika fundMANILA, Philippines — Senators Grace Poe and Sonny Angara expressed their support on Monday for the proposal to sell nonperforming government assets to fund the Maharlika Investment Fund Jusko nagsisi akong binoto ko kayo nung unang beses kayong tumakbo better to place these assets on a bet to make money rather than nonperform and be a liability No votes from me ever
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Mark Villar sees swifter talks on Maharlika fund after meeting with economic managers“Nagkaron na po kami ng briefing tungkol sa Maharlika bill at andun po lahat ng economic managers at na-clarify yung mga questions ng ating mga colleagues sa Senado,” Villar said. Asked if the briefing will pave the way for smoother deliberations of the measure, he said, “Sa tingin ko, kasi maganda yung mga sagot ng ating mga managers and of course we were able to tackle a lot of issues.” That’s my broda 🫵😎 Kumikitang _____________
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Think tank: Maharlika fund needs 'realistic funding sources,' must avoid political risksThe Milken Institute finds that the country has 'many good reasons for launching a sovereign wealth fund,' but cautions that the Maharlika fund needs realistic funding sources and good governance.
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Recto tells gov’t to curate nonperforming assets to sustain Maharlika fundDeputy Speaker Ralph Recto told the national government to carefully curate the non-performing assets it plans to sell to fund the Maharlika Investment Fund in order to avoid a “fire sale” of state-owned lands, businesses and franchises. | zacariansINQ
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Insulate Maharlika Fund from politics, says US think tankA sovereign wealth fund will be helpful for the Philippines’ development efforts especially if it has flexibility in funding sources and is insulated from politics, according to United States-based nonprofit Milken Institute. |jiandradeINQ RonWDomingoINQ jiandradeINQ RonWDomingoINQ By Michael Milken who was convicted for securities fraud. 😀
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