“I think it’s a good development… It also shows our legislators are open to suggestions and to constructive pointers,” PCCI president George Barcelon told GMA News Online. File photo/Albert Alcain/PPD
“I think it’s a good development… It also shows our legislators are open to suggestions and to constructive pointers,” PCCI president George Barcelon told GMA News Online.as “pooling resources from the revenues of the national government, the Central Bank’s and government-owned financing institutions’ may impact the sustainability of the country’s welfare system and financial standing.”
GSIS and SSS were dropped as funding sources of the sovereign wealth fund considering the fears of pensionersAside from GSIS and SSS, also removed from mandatory contributors to MWF is the General Appropriations Act or the national budget law. Quimbo said BSP Governor Felipe Medalla, who initially opposed the MWF, was reassured that the central bank’s foreign currency reserves will not be tapped and only the BSP’s profits.
SSS GSIS not being part of this Maharlika bill anymore is definitely a good development. That's why we must be critical thinkers regardless of who we voted for. But we must keep our vigilance! Mga buwaya sa kongreso hindi titigil hangga't hindi makakulimbat ng pera ng bayan!
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.
INQToday: Proposed Maharlika Fund would no longer include SSS, GSIS funds — QuimboProposed Maharlika Fund would no longer include SSS, GSIS fund — Quimbo
Source: inquirerdotnet - 🏆 3. / 86 Read more »
After backlash, House leaders spare GSIS, SSS from Maharlika fundThe decision came after Speaker Martin Romualdez and other House leaders met with economic managers to reevaluate the proposal. READ: Kayong mga politicians ang mabubura sa politics kapag pinilit nyo pang galawin public funds ng SSS at GSIS. Of course babawian namin kayo pag dating ng botohan. At kung sino man nagpasimuno nyan sa inyo. Wala votes next election ahahahhaa Kung di pa tayo nagsalita! Its working. Keep on hounding them. Hands. Off. Our. Pensions!
Source: rapplerdotcom - 🏆 4. / 86 Read more »
House to remove GSIS, SSS as contributors to proposed ‘Maharlika’ fund
Source: manilabulletin - 🏆 25. / 51 Read more »
GSIS, SSS dropped as mandatory sources of capital for Maharlika FundAuthors of the proposed Maharlika Wealth Fund (MWF) have dropped state pension fund repositories Government Service Insurance System (GSIS) and Social Security System (SSS) as mandatory contributors to the proposed sovereign wealth fund, House appropriations panel senior vice chairperson Stella Quimbo of Marikina City said Wednesday. CASINOS Sige lang mga tigulang na bitaw na ONE way of family planning lessens Ilagay nyo savings from executive legislative at judiciary. Kung naniniwala kayong kikita Yan isugal nyo mga savings Ng legislative.
Source: gmanews - 🏆 11. / 68 Read more »
Even without SSS, GSIS funds in Maharlika Fund, public must be vigilant — CastroRep. France Castro said that while the SSS and the GSIS have been removed from the proposed Maharlika fund, people must remember that taxpayers’ money is still part of it — or the P25 billion from the national budget. | GabrielLaluINQ GabrielLaluINQ NotoMaharlikaFund Alam niyo mga natalo itong mga araneta roxas arroyo ayala lopez villar at marcoses sa legal battle nila sa court laban sa tinawag nilang maharlikans. They have no legitimate properties in this country if the law is truly enforced. They want to paint a bad image of the name. Haha Ang pera ng bayan Huwag ninyong paglaruan.
Source: inquirerdotnet - 🏆 3. / 86 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 »