“Still and all, the major issue which even the virtually ‘dead’ opposition will surely invoke against Maharlika is trust in fund management and distrust in government…”
In the case of Bolivia, they named ttheir country after the Libertador, Simon Bolivar whose struggle culminated in the independence of Colombia, Venezuela, Peru, Ecuador and Bolivia from Spanish rule. The opposition to the sovereign wealth fund comes from several factors, principal among which are the use of pension funds, which in truth are not government-owned, being fiduciary instruments gathered from contributions of the labor sector, both private and public; the possibility of graft and corruption in a massive scale, reminiscent of Najib Razak’s plunder of the 1MDB which has, in a rule of law system alien to our country, resulted in his imprisonment;...
The GSIS was likewise embroiled in fund management controversies in the past, such as its ownership of Philippine Airlines and the mismanagement thereof, although learning from such financial misadventures, successive GSIS administrators have improved the actuarial life of the fund, and given government employees better than fair shake.
Unless of course, Congress appropriates a separate financing support for these. Given our parlous finances, that is not easy. And how about these government institutions’ exposure to failed massive projects like Hanjin Shipyard which went under, and now given a new lease by little-financed Cerberus of the US?
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Guanzon worries about Maharlika fund: ‘Baka Tallano gold na naman yan?’P3PWD Party-list Rep. Rowena Guanzon warned against the creation of the controversial P275-billion Maharlika Wealth Fund (MWF) by the Marcos administration, likening it to the mythical Tallano gold said to be in possession of the Marcos family. Buangzon PWD part-list representative? Hahaha Guanzon is not a rep of a party list. Hindi siya pinayagan ng SC maupo. Dahil binaboy niya ang party list law
Source: manilabulletin - 🏆 25. / 51 Read more »
'Unconstitutional?' Salceda defends 'Maharlika' fund amid Carpio's commentsOnce again, Albay 2nd district Rep. Joey Salceda felt compelled to respond to a known personality’s comment on the proposed P275-billion Maharlika Wealth Fund or MWF.
Source: manilabulletin - 🏆 25. / 51 Read more »
House urged: Go slow on Maharlika passageSenior Deputy Minority Leader Paul Daza asked the leadership of the House of Representatives to slow down and further deliberate on the proposed creation of the Maharlika sovereign wealth fund. | jiandradeINQ krixiasINQ /PDI jiandradeINQ krixiasINQ Nagmamadali nakaw8n amg pera ng baya nga Marcos, Duterte at Romualdez. Lahat ng lalagda nito, mga ganid at gahaman and should be made accountable and punished! MaharlikaInvestmentFundScam Kapwa ko Pilipino maawa tayo sa sarili natin. Bakit ba gustong gusto nyo silang payamanin? lcmlaw_ph jiandradeINQ krixiasINQ yang mga apurado na ipasa ang maharlika chu2 na yan siguro may parte sila na makukuha pag ninakaw ng mga marcos ang kaban ng bayan.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
[ANALYSIS] ‘Maharlika Fund’ ni Marcos, kukunin sa pensiyon at buwis mo?'Kung ordinaryong taxpayer ka, baka mapunta sa wala (o bulsa ng iilan) ang perang pinaghirapan mo.' Opinion Mga hayop kayong 3 Think coco levy fund jcpunongbayan Hindi ako papayag. Kahit may autoimmune ako I will go to the streets to protest this.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Cong Joey responds to Imee's worries on 'Maharlika' fundAlbay 2nd district Rep. Joey Salceda said Saturday, Dec. 3 that he would welcome further discussion on House Bill (HB) No.6398 or the proposed Maharlika Wealth Fund (MWF) from the upper chamber.
Source: manilabulletin - 🏆 25. / 51 Read more »