At a Palace press briefing on Friday, June 2, the official downplayed concerns that the intentions of the Maharlika fund would be adversely affected by the prohibition of using state pension funds.
“Those are very useful, at least from my point of view, in clarifying what cannot be used and what can be used. I think those are good. I don’t see those as kind of a roadblock to achieving the intention or the objective of the Maharlika,” Balisacan added. However, Finance Secretary Benjamin Diokno said it would still be up to the board of directors of the pension institutions to decide if they would invest into the proposed MIF.
Source: News Formal (newsformal.com)
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