MANILA, Philippines — The Senate began debating on the controversial Maharlika Investment Fund bills on Wednesday.
Senate Bill No. 1670 and House Bill No. 6608, measures seeking the fund’s creation, were discussed by the Senate committee on banks, financial institutions and currencies, which isVillar, an ally of President Ferdinand “Bongbong” Marcos Jr., filed the Senate version of the bill. The senator earlier said that the bill should be approved “for the achievement of the country’s economic goals.”
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Senate to propose ‘perfecting amendments’ to House version of Maharlika Fund billThere is no assurance that the Senate will pass the House of Representatives&39; version of the bill creating the Maharlika Investment Fund (MIF) as the measure is still a "work in progress," Senate President Juan Miguel Zubiri said Tuesday.
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LIVE: Senate public hearing on the controversial Maharlika fundWatch the first Senate public hearing on the Maharlika fund proposal at 10 am (Manila time) on Wednesday, February 1.
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Poe, Angara back proposal to sell gov’t assets for Maharlika fundMANILA, Philippines — Senators Grace Poe and Sonny Angara expressed their support on Monday for the proposal to sell nonperforming government assets to fund the Maharlika Investment Fund Jusko nagsisi akong binoto ko kayo nung unang beses kayong tumakbo better to place these assets on a bet to make money rather than nonperform and be a liability No votes from me ever
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Mark Villar sees swifter talks on Maharlika fund after meeting with economic managers“Nagkaron na po kami ng briefing tungkol sa Maharlika bill at andun po lahat ng economic managers at na-clarify yung mga questions ng ating mga colleagues sa Senado,” Villar said. Asked if the briefing will pave the way for smoother deliberations of the measure, he said, “Sa tingin ko, kasi maganda yung mga sagot ng ating mga managers and of course we were able to tackle a lot of issues.” That’s my broda 🫵😎 Kumikitang _____________
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Think tank: Maharlika fund needs 'realistic funding sources,' must avoid political risksThe Milken Institute finds that the country has 'many good reasons for launching a sovereign wealth fund,' but cautions that the Maharlika fund needs realistic funding sources and good governance.
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Recto tells gov’t to curate nonperforming assets to sustain Maharlika fundDeputy Speaker Ralph Recto told the national government to carefully curate the non-performing assets it plans to sell to fund the Maharlika Investment Fund in order to avoid a “fire sale” of state-owned lands, businesses and franchises. | zacariansINQ
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