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President Bongbong Marcos has signed the Maharlika Investment Fund into law. The said bill will now be known as Republic Act 11954. “The signing of the Maharlika bill shows that economic recovery is one of PBBM’s major priorities,” Senator Mark Villar said. “Through this, we will be able to generate more jobs for the Filipino people […]
House Speaker Martin Romualdez welcomed the signing of the Maharlika Investment Fund (MIF) Act, saying the MIF is intended to be an additional vehicle for financing big-ticket infrastructure projects without incurring more foreign debt or having to impose new taxes on our citizens.Romualdez, one of the principal authors of the House version of the MIF, […]
Senate Minority Leader Koko Pimentel III is calling on President Ferdinand Marcos Jr. to veto the recently passed Maharlika Investment Fund (MIF) bill and return it to Congress for rectification. “The bill, in its current form, is not acceptable. I am calling on the President to exercise his veto power and return the measure to Congress,” Pimentel […]
“To the executive, we will hold you to your commitment that safeguards will be followed and fully enforced. Hindi dapat masasayang ang pondo ng bayan. Pangalagaan at siguruhin na walang mawawala sa korapsyon o misuse of funds,” Senator Bong Go said after Senate Bill No. 2020 creating the Maharlika Investment Fund was approved by the Senate […]
With the legislative approval of the Maharlika Investment Fund (MIF), Camarines Sur Rep. and National Unity Party (NUP) president LRay Villafuerte said the 19th Congress has opened the gateway to an alternative, potentially huge source of investment funds that would let the national government (NG) spend bigger on its big-ticket programs to shore up President […]
The proposal of Senator Bato Dela Rosa to prohibit the use of government social welfare entities such as the Social Security System (SSS) and the Government Service Insurance System (GSIS) to invest in the Maharlika Investment Fund was adopted in the Congress’ final version of the Maharlika Investment Fund Bill. Senate Bill No. 2020 or […]
Senate Minority Leader Koko Pimentel III said there should be an iron-clad provision that will guarantee that pension funds will not be touched or compromised in the Maharlika Investment Fund (MIF) bill. “Our workers’ hard-earned pension should be shielded from any adverse implications that could arise from the establishment of MIF,” he added. Without an […]
Recognizing the far-reaching implications of the highly contentious Maharlika Investment Fund bill, Senate Minority Leader Koko Pimentel III is leaving no stone unturned in exposing deep-rooted flaws of the proposed measure in a bid to sway his colleagues to vote against the bill. “Truth is, this bill is unsalvageable and beyond repair,” Pimentel declared a […]
Senator Chiz Escudero said that the latest version of the proposal seeking to create the Maharlika Investment Fund (MIF) has better chances of passing in the Senate after key changes to the measure meant to raise funds for the government. According to Escudero, he already signed the committee report reflecting the major amendments to the […]
Transparency and accountability – including the certainty of jail for mismanagement – should be the main considerations in the handling of the Maharlika Investment Fund, Senator Robin Padilla said. Padilla, in an interview on ANC, said he is fed up with instances of mishandling of public funds where those found liable in investigations escape being […]