Suspension of Maharlika implementation a 'very good development,' says Pimentel

Senate Minority Leader Aquilino "Koko" Pimentel III on Wednesday described as a "very good development" the suspension of the implementation of the Maharlika Investment Fund . In a text message, Pimentel, who has challenged the legality of the law that creates the MIF before the Supreme Court, maintained that the MIF was "defective." "Very good development. The law has a lot of defects. The concept has not been fully studied from the very start.

"Ito talaga ang hirap sa minadaling batas ng Maharlika fund kaya hindi gaanong naaral at mukhang lalo lang maglulugmok sa kahirapan dahil pera ng bayan ang nakataya at maging ang pinaghirapang ipon ng mga kliyente ng Landbank at DBP. Malinaw na mas maraming problemang idudulot ang Maharlika fund at walang garantiya ang benepisyo,” she added. Senator Risa Hontiveros and veteran lawmaker Edcel Lagman of Albay agreed with Castro that Maharlika is beyond salvation.

Source: News Formal (newsformal.com)

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