Maharlika fund to be protected by safeguards, says BTr chief

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ICYMI: The Bureau of the Treasury said that measures are in place to ensure the integrity of the planned P275-billion Maharlika Wealth Fund amid mounting criticism against the measure due to the timing and risks involved with the investment instrument.

Secondly, all financial transactions will be governed by the applicable government laws, rules and regulations.

The reporting and auditing will be done upon the guidance of the advisory body in accordance with the relevant provisions of the law and its implementing rules and regulations and the International Financial Reporting Standards.

 

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This govt will in place measure to protect prosecution of all enablers of this scam.

Miski ano pa safeguards gawin nyo kung lahat kayo kasabwat sa FUNDARAMBONG baliwala lahat mga safeguards protocol dahil gatasan ito ng mga opisyales ng Maharlika wealth management.

I do not trust this government therefore, A big NO to this Maharlika Wealth Fund.

Hay naku! Talagang atat na atat sila! Nakakakaba!😟

Nope. We're never taking the words of this notoriously corrupt government for it.

Safeguard? How can you safeguard the funds?!! The Commission On Audit cannot do it, who else can? The COA chairman is also a scammer! And a relative of the Chief Scammer

Safeguard -- mandaramBong

We can't help but doubt the motive behind the SWF. Why invest at this time in a wealth fund when there is obviously no wealth and the country is high on debt? And the sources of fund is highly questionable. There are trust issues despite the safeguards .

Next movie title for Daryl : 'Mafia in Malacañang.'

Lokohin nyo Lelong nyo huwag kami 😤😤😤

Does this goverbment really think that the Filipino people are that daft? We gonna feel secure after they just say there are 'measures'? 🤣

The country has enough measures of whatever and whatnots to ensure progress but where are we now?

NotoMaharlikaWealthFund

investing is trust and confidence, if no trust nobody will invest because they are not confident that they hard earned money will make money, not to mention the fundamentals... like management... it is scary

Protected by Thieves ,niceeeeee!!!

Measures doesn't matter when power plays are in place. I've heard and seen in many times from this administration and the one before his. There's no integrity nor accountability with these hypocrites.

Problema di mapagkakatiwalaan ang gobierno

The best measure is NO to sovereign funds....

Tigas talaga ng mga animal. Wala nga kami tiwala sa inyo lalo na kay jr.

Include among the safeguards that those involved to manage the Wealth Fund are not 'rubber stamps' of politicians.

As in isecure sa bulsa uLols

Tssssssssss

🤷🏻‍♀️

Madaling ipanakaw ang pera ng iba; walang malasakit sa bayan

A money heist in plain sight!

Wala pa ring bearing yang safeguards if in this country corrupt politicians are above the law.

Okay, yeah, sure, right… Collect the ill gotten gains from the Marcoses. You can use that as a safeguard.

Remember the safeguards for the Pharmally scam? Or the overpriced and outdated DepEd laptops? Maybe the millions of pesos pocketed by senators? The government does not have the public's trust to 'safeguard' this potential slush fund for themselves.

Safeguards ba kamo?

f ur measures. u all know it's gonna fail but u keep on pushing it to satisfy ur greed. curse befall on u all tenfolds and for your 4 generations

Hindi mo masasabi na may safeguard ang MWF, kung yung batas dito sa Pilipinas ay binabaluktok ng mga POLITICIANS, JUSTICES, JUDGES at taong gobyerno eto pa kayang MWF. Mahirap magtiwala sa mha kawatan, mahirap kapag bulag ang katotohanan.🤔

Mga Marcos ang may pakana tapos sasabihin niyong safe? Tangna niyo rin.

smells like money laundering in the making to and corruption. Filipinos please don't forget who behind this scheme.

risk are too high. all measures where in place with the coco levy fund but still marcos sr. and his cronies were able to get the money. eto pa kaya na ni railroad nila. may hidden agenda ba kaya ayaw patagalin at pag aralan? tapos SSS at GSIS pension fund ang kukunin.

Tanga, ano safeguard ang sinasabi mo kapag walang honesty at probity ang magpapatakbo!

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Tig ilan nyo na yang Maharlika Fund na yan walang maidudulot na ka Buti Han sa atin yan. Uubusin langnyan ng mga maghahawak nyan. Pamurahin nyo na lang ang mga bilihin puede ba?

Safeguards, Greencross, Purell , how can you disenfect and deodorize the rotten trust?

Barring any last-minute hitches, HB6398 will go head-to-head with cash-strapped Philippines in Congress on Monday. NotoMaharlikaWealthFund NoToHouseBill6398

Sa mga trapong kawatan, walang safeguards! Kukurakutin lng nil pera ng taong bayan. Pwedeng safeguard dyan ay yung mga proponents magbabayad ng pagkalugi kung sakaling malugi o mawaldas un pondo!

It’s not just about timing and risks, it’s about trust, we don’t trust bong bongbong leading it as chair, e don’t trust the proponents who are Marcos allies and relatives. TOO much risk in a low or no trust environment.

Isa pang panget na kampon ng diablo

NotoMaharlikaWealthFund NotoMaharlikaWealthFund

We hav all the anti graft laws in place but hav we convicted anyone Me conviction n nga pero roaming free p ung madam dyan

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BTr chief seeks close review, but cites safeguards of Maharlika Wealth Fund - BusinessMirrorNATIONAL Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed Maharlika Wealth Fund (MWF) while pointing out that the current version of the fiscal measure already has numerous safety measures to ensure prudent use of national government’s coffers. “We support the calls to study the bill to ensure that risk management
Source: BusinessMirror - 🏆 19. / 59 Read more »

Maharlika fund to be protected by safeguards, says BTr chiefThe Bureau of the Treasury said that measures are in place to ensure the integrity of the planned P275-billion Maharlika Wealth Fund amid mounting criticism against the measure due to the timing and risks involved with the investment instrument. So far, no government fund has been sufficiently protected by any amount of safeguard. Asus, don’t us !!! Anong safeguards, it’s only good on paper, implementing the penalties on mismanagement of funds or even govt budget is questionable. Yung ngang Pharmally and the DBM Hindi na nga na pursue! Ayun bilyon nawala ! Tigilan n ninyo ang pagtatanggol dyan....shelve it for a later date...yung hindi mga mandarambong ang nasa kapangyarihan....pwede b?!!!
Source: inquirerdotnet - 🏆 3. / 86 Read more »

‘No’ to Maharlika fundMSGallery ‘No’ to Maharlika fund Members of the militant group Bagong Alyansang Makabayan (BAYAN), trooped to the House of Representatives to urge lawmakers to junk the Maharlika Wealth Fund (MWF). The MWF aims to use SSS and GSIS pension funds--
Source: MlaStandard - 🏆 20. / 55 Read more »

Amid members’ uproar, GSIS, SSS dropped from ‘Maharlika’ - BusinessMirrorLEADERS of the House of Representatives and economic managers have agreed to remove the Government Service Insurance System (GSIS) and Social Security System (SSS) as fund contributors to the proposed Maharlika Wealth Fund (MWF) and instead utilize profits of the Bangko Sentral ng Pilipinas (BSP). Marikina Rep. Stella Quimbo, one of the principal authors, made invite na lang nila private funds
Source: BusinessMirror - 🏆 19. / 59 Read more »

Quimbo: Initial Maharlika funding around P150 billion sans GSIS, SSS contributionThe initial funding for the proposed Maharlika Wealth Fund (MWF) bill, which seeks to grow excess funds of state-run financial institutions via investments, could reach around P150 billion, House appropriations panel senior vice chairperson Stella Quimbo said Thursday. Snippet from the article. Look closely to Quimbo's statement. She mentioned that it is not right to include GSIS and SSS right now and that they can join the funds if their board decided to invest. Remember how the heads of GSIS and SSS defend the MWF during their interviews. No worry BBM can easily afford 203Billion tax payment that can be used for maharlika funds
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Koko sees 'more difficult time' for Maharlika fund bill in SenateSenate Minority Leader Aquilino "Koko" Pimentel III on Thursday said the proposed Maharlika Wealth Fund (MWF) being pushed by several ranking House leaders will have a difficult time in the Senate. What will stop the 'bicam' in adopting the original bill with sss and gsis included? Hehehe! You alone and Hontiveros. kwento mo yan sa kalbo, sen. koko inutil ang senado at walang silbi ang mga senador
Source: gmanews - 🏆 11. / 68 Read more »