THE Philippine Stock Exchange, Inc. voiced its support for the proposed creation of the Maharlika Investment Fund , saying that it would help develop the country’s capital markets.
“Since the MIF seeks to attract and invest capital for big-ticket infrastructure projects, sustainable green and blue infrastructures and countryside development, we believe these investments will create a multiplier effect that would attract more fund-raising activities and portfolio investments and in turn contribute to the growth and development of our capital markets,” Mr. Monzon said.
On Thursday, the House of Representatives passed the bill on third and final reading, with 279 lawmakers voting for it, six voting against it, and zero abstaining.Under the proposed measure, the MIF will source its seed capital worth P110 billion from the dividends of the Bangko Sentral ng Pilipinas, and the investible funds of state-led financial institutions Land Bank of the Philippines and Development Bank of the Philippines.
Will they be transparent with the real performance of the fund? If they don’t PSE’s reputation will suffer.
PSE President Monzon is a crony of Marcos. Marcos entrusted a lot of things to this guy when they flew out of the country during the 80’s.
LBP and DBP suffers in this, but PSE benefits with the creation of another government fund and addition of a new PSE player, a big one at that.
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Balisacan: Maharlika Investment Fund ‘appropriate at this time’Socioeconomic Planning Secretary Arsenio Balisacan believes that the establishment of a sovereign wealth fund is appropriate despite the risks of a global recession and high interest rates.
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Why 6 House lawmakers voted no to the Maharlika Investment Fund billThey oppose the Maharlika fund due to corruption and investment risks, economic challenges, and how the bill was railroaded through the House of Representatives. MIF - IT'S Marcos Governmental Corruption Agenda Who is going to monitor The Monetary 💰💸💵 transactions Potential stealing of 💰💸💵 IT'S BUCK WILD CORRUPTION MARCOS MUKHANG 💰💸💵🤑 mga kakampi ni Joma ang mga yan..nagluluksa pa ngayon ang mga yan The 6 were defending the people, while 279 nag sariling sikap...
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There is transparency in Maharlika Investment Fund, says RomualdezICYMI: Amid doubts from the public, Speaker Martin Romualdez gave the assurance that the Maharlika Investment Fund has a provision that ensures transparency regarding financial matters to prevent its misuse. Yeah right ! Knowing that it’s a Marcos Romualdez tandem Honesty and Trust is in question. Unreliable partnership that will skin Philippine economy. God spare Philippines with these evils🙏🏻. In businessmen and politician’s world, there’s no such thing as transparency..everything can be manipulated even biggest companies do that..checK ENRON.. it’s one of the worst scam ever in US.. PWEH! As transparent as MUD! 🤬🤬🤬
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Philippine Stock Exchange backs proposed Maharlika Investment FundThis comes days after the House of Representatives speedily passed the Maharlika fund proposal, certified by President Ferdinand Marcos Jr. as urgent.
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