House adopts Senate version of Maharlika bill

Beatrice Pinlac 05/31/2023

MANILA, Philippines — The House of Representatives has accepted the Senate’s version of the controversial Maharlika Investment Fund (MIF) bill. A bicameral conference committee hearing was held on Wednesday to reconcile conflicting provisions between the chambers’ versions…

Teves suspects his case is being used to distract from Maharlika fund

Jean Mangaluz 05/30/2023

MANILA, Philippines — Negros Oriental third district Rep. Arnolfo Teves believes the allegation that he is behind the killing of Negros Oriental governor Roel Degamo is being used to distract the public from other issues plaguing the…

Marcos certification as urgent of Maharlika fund bill ‘unconstitutional’, says Pimentel

John Eric Mendoza 05/27/2023

MANILA, Philippines — Senate Minority Leader Aquilino “Koko” Pimentel III on Saturday called “unconstitutional” President Ferdinand “Bongbong” Marcos Jr.’s move to certify as urgent the Senate bill seeking to establish the controversial Maharlika Investment Fund. “I will tell my colleagues…

Zubiri: Senate eyes 3rd reading approval for Maharlika Fund, other priority bills

Sofia Abrogar 05/27/2023

MANILA, Philippines— The Senate is expected to approve on third and final reading the Maharlika Investment Fund Act before the sine die adjournment of the 19th Congress’ first regular session,  Senate President Juan Miguel Zubiri said on…

Cebu solon: Selecting ‘quality fund managers’ key to Maharlika’s success; militant group wants it junked

Morexette Marie B. Erram 12/22/2022

CEBU CITY, Philippines – A lawmaker from Cebu said that having ‘quality fund managers’ for the controversial Maharlika Investment Fund (MIF) would help it become an effective vehicle for investment. But militant groups here continue their calls…

Neda chief backs Maharlika fund to help sustain economic growth

John Eric Mendoza 12/18/2022

MANILA, Philippines — Secretary Arsenio Balisacan, chief of the National Economic and Development Authority (Neda), backs the proposed Maharlika Investment Fund (MIF) as it would help the country sustain its growth. “With the Marcos Administration’s Economic Team…

Hontiveros: Gov’t must pass urgent measures to lower food prices instead of Maharlika Investment Fund

John Eric Mendoza 12/17/2022

MANILA, Philippines — Opposition Senator Risa Hontiveros on Friday said the government should certify as urgent a measure that would lower food prices instead of the Maharlika Investment Fund. “Certify urgent? Eh kung ang gawin munang urgent…

Marcos Jr. certifies as urgent Maharlika Investment Fund bill

Gabriel Pabico Lalu - Reporter / @GabrielLaluINQ 12/15/2022

MANILA, Philippines — President Ferdinand Marcos Jr. has certified as urgent House Bill (HB) No. 6608, which seeks to establish a sovereign wealth fund for the country, the House of Representatives said. During Thursday’s session, just after the…

11 Cebu lawmakers back bill creating Maharlika Investment Fund

Morexette Marie B. Erram 12/15/2022

CEBU CITY, Philippines – Almost all lawmakers from Cebu backed the proposal to create the country’s first sovereign wealth fund. The House of Representatives on Thursday, Dec, 15 passed on second reading, via viva voce, House Bill…

Marcos backs Maharlika fund: ‘We need added investment’

Nestor Corrales 12/12/2022

BRUSSELS — For the first time, President Ferdinand Marcos Jr. has publicly expressed support for the controversial Maharlika Investment Fund (MIF) that seeks to establish a P275 billion sovereign wealth fund. Speaking to reporters aboard PR001 en…

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