The Maharlika investment checklist: Where Marcos wants to put the money

President Ferdinand Marcos Jr. signs into law the bill establishing the Maharlika Investment Fund or Republic Act 11954. Among those who witnessed the event are Speaker Martin Romualdez, Sen. Mark Villar, Senate President Juan Miguel Zubiri and Executive Secretary Lucas Bersamin .

“Eh nanunood ako ng television sabi ko, ‘Syempre kinakausap ko ang TV, saan nyo kaya iniisip na ilalagay yan, bibili kami ng magagarang kotse? Bibili kami ng malalaki yate? Yan ba ‘yung iniisip ninyo ,’” he said at the signing of the MIF Act of 2023 in Malacañang. Similar to what his economic managers have been saying, the Chief Executive also pointed out that the fund would help the country’s fiscal deficit, including the “potential to funnel external financing, reducing the government’s burden to finance infrastructure through borrowings, taxes.”

He said that the MIF, which is a “crucial undertaking,” will support the government’s goal of achieving 6.5 percent to 8 percent gross domestic product growth in the medium term.

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Marcos signs Maharlika Investment Fund bill into lawPresident Ferdinand 'Bongbong' Marcos Jr. on Tuesday signed into law the Maharlika Investment Fund (MIF), which will tap state assets for investment ventures to generate additional public funds. READ:
Fonte: gmanews - 🏆 11. / 68 Consulte Mais informação »

Marcos glosses over Maharlika Investment Fund’s political risksPresident Ferdinand Marcos Jr. did not tackle the contentious provisions of the Maharlika Investment Fund Act in his speech after he signed the bill into law, saying that the wealth fund would not be “colored by political considerations.”
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