Proposed Maharlika fund needs full transparency, safeguards —Gatchalian

In an interview with reporters, Gatchalian said the Philippines is "ready" for the creation of the sovereign wealth fund and that there are measures that can be established in the law to address possible corruption.

For Gatchalian, the fund manager will play an important role to protect the investments from corruption. In other countries, he said, there is a professional board and a professional manager that handles the investments. Although the funds that will be used to invest are not as huge as those from other countries with sovereign wealth funds, Gatchalian believes that there are excess funds that the government can use for its investments.

“What will fund this? Where are the 'excess revenues'?" Pimentel said when asked if the minority will support the measure filed in the House of Representatives

Sige nga anong investments Ng Phil govt for the past 20 yrs Ang kumikita? Lahat Ng hawakan Ng govt palugi. Ultimo SSS, at philhealth palugi kht laging may kolekta buwan buwan.

Itigil nyo Yan. Bkit nyo gagalawin pondo na nkalaan sa members Ng gsis,SSS,etc? Bkit Hindi Yang savings sa executive, legislative, at judiciary Ang gamitin nyo Kung tlgang naniniwala kayo na kikita Yan at mkikinabang Ang Pinas? Hirap sa Inyo Hindi nyo pera involved.

If they failed to implement all of this with the rest of the government’s money, what guarantee do we have that they will succeed in this wealth fund?

Yes stgatchalian. Full transparency din: - why being 🚉 - why compare with Norway, hindi naman magnanakaw nakaupong lider - bakit hindi maitaas pension sa SSS, GSIS (at suweldo ng guro at nars) - expenditures taon-taon - ano previous investments ng SSS, GSIS, and whwt happened.

NoToMaharlikaInvestmentFund

Pilipinos are not ignorant. That is the reason why we are still poor up to now; we are being exploited. Since we cannot depend on our leaders, can you help us pray pray and pray.

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