Unlike the Pharmallyasco and the P200 million SSS thievery back in the day of then President Erap, there are probably sincere objectives for national progress behind the sponsors of the proposed Maharlika Wealth Fund bill. The fact that otherwise admirable Congresswoman Stella Quimbo is so passionately for it indicates this. However, there are too many issues that have not been studied adequately.
A straightforward look at reality should tell them that government corporations do not make money. There are too many examples of this. Aside from outright fraud, the bureaucracy makes it just too difficult to get things done in the speed that enables private business to compete and make a profit. Also, political pressures bring about over-staffing with generally unqualified relatives and constituents of those in office.
We should also note that government corporations are inept at maintenance of services and utilities. Look at the overhead trains. For years, spare parts were not ordered to replace aging devices. This brought about stoppage of services. Or worse, risks of accidents. Either way, the citizenry, or users of the services suffered greatly. Public service?
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GSIS and SSS may still invest in Maharlika fund if their boards will allow – lawmakerMANILA, Philippines — The inclusion of the Government Service Insurance System (GSIS) and Social Security System (SSS) in the proposed Maharlika Investment Fund (MIF) would depend on the GabrielLaluINQ Please don't...
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Minority solon Daza goes from Maharlika fund critic to supporterA member of the House minority bloc has admitted to being swayed by the changes he has seen on the controversial Maharlika Investment Fund (MIF) bill, which majority solons have been aggressively pushing for. take that jin post down on facebook or we will be reporting you to bighit Ano kayang perks pinangako sa kanya🤪
Source: manilabulletin - 🏆 25. / 51 Read more »
No urgency to pass Maharlika fund bill: People already in deep debt don’t need it – lawmakerMANILA, Philippines — To certify as urgent a bill that aims to establish the Maharlika Investment Fund (MIF) is not necessary because "people who are already deep [in] debt" do not GabrielLaluINQ Honestly no one wants this bill. Were worried about paying our bills than some ill timed risk investment using our tax money at time na wala nmn tlga SURPLUS FUNDS!!
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Rep. Richard Gomez expresses support for Maharlika FundTACLOBAN CITY -- Leyte Rep. Richard Gomez has expressed support for the controversial Maharlika Investment Fund (MIF), saying it’s for the country&039;s good. Gomez, representing the Hoy bobo mo naman. Kinain na din ng politika tong si Goma Di ba may corrupt case rin sya? No wonder why.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Malampaya earnings, loans eyed as sources of Maharlika fundTieng cited Section 11 of the MIF bill which states that other sources of the MIF will include: “royalties and/or special assessments on natural resources based on the fiscal regime to be implemented by the national government, proceeds from privatization of government assets, and public borrowings.”
Source: gmanews - 🏆 11. / 68 Read more »
Speaker wants Marcos to certify Maharlika fund bill as urgentSpeaker Martin Romualdez is optimistic President Ferdinand "Bongbong" Marcos Jr. will give the Maharlika Investment Fund (MIF) bill the push to become a law by certifying it as an urgent legislation. PBBM must settle his Family Tax Due at the same time....grrrrr Bakit ba nagmamadali? Kating-kati na ba kayo sa kurakot? Hinay-hinay naman. 6 mos. pa lang kayo.
Source: gmanews - 🏆 11. / 68 Read more »