IKOT.PH
Senator Chiz Escudero has called for more “earning guarantees” in the Maharlika Fund bill, which would allow the sovereign fund to surpass the 6% income threshold that two state-owned banks presently earn from their investments. Without “benchmark in yields,” Escudero warned that the billions the Land Bank of the Philippines (LBP) and the Development Bank […]
Senator Chiz Escudero said he is open to the creation of the Maharlika Investment Fund (MIF) but reiterated that the proposed legislation in its current form needs further amendments to address the “many gaps and loopholes”. “Hindi ako tutol sa pagtatayo ng isang sovereign fund pero panawagan ko sa gobyerno at sa administrasyon, pag-aralan naman […]