President Ferdinand Marcos Jr. delivers a speech after the ceremonial signing of the Maharlika Investment Fund Act in Malacañang on Tuesday, July 18, 2023.
“We have to look at any potential investment, we have to look at any potential operation of the fund in a cold, calculating manner. That is the only way that it will succeed,” Marcos added. By placing “competent” people in the fund corporation, Marcos stressed “that we can rest easy that they will handle the fund properly.”
Originally, Congress’ version of the bill would source P125 billion from the Government Service Insurance System and P50 billion from the Social Security System .
Source: News Formal (newsformal.com)
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.
Marcos signs Maharlika Investment Fund bill into lawPresident Ferdinand 'Bongbong' Marcos Jr. on Tuesday signed into law the Maharlika Investment Fund (MIF), which will tap state assets for investment ventures to generate additional public funds. READ:
Source: gmanews - 🏆 11. / 68 Read more »
Marcos glosses over Maharlika Investment Fund’s political risksPresident Ferdinand Marcos Jr. did not tackle the contentious provisions of the Maharlika Investment Fund Act in his speech after he signed the bill into law, saying that the wealth fund would not be “colored by political considerations.”
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Global woes won’t dent MIF investment draw, solon says | Jovee Marie de la CruzTIMING is right for the Philippines to set up its Maharlika Investment Fund (MIF) amid fears that headwinds could thrust much of the world into near-recession levels, a senior lawmaker insisted on Monday, the eve of the expected signing of the controversial MIF into law. At a time when the…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Bongbong Marcos’ rebranding won’t put food on table — farmers’ groupPresident Ferdinand Marcos Jr.’s new governance theme or slogan, “Bagong Pilipinas,” did not earn the nod of farmers who said it “will not resolve the worsening hunger and discontent felt by Filipinos.” | FArgosinoINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Lies that persisted in Marcos’ 1st year as president: Gold, propaganda, credit-grabbingAn expert says that while the persisting false claims are not coming directly from the Palace now, the lies continue because the network of disinformation actors has not been dismantled even after elections.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Marcos sees dismantling of NPA forces this yearPRESIDENT Ferdinand Marcos Jr. expressed confidence government forces will be able to dismantle all communist rebel groups by the end of 2023.
Source: TheManilaTimes - 🏆 2. / 92 Read more »