Last of 3 partsWHILE everyone else tried to focus on the various aspects of the Maharlika Investment Fund bill, a distressed academic asked me, in a language more picturesque than this, why did the government have to fast-track the bill to the extent of cutting off substantive discussions of the major issues?Why the 'indecent haste,' he said, when so many newly enacted laws are unable to take effect because the appropriate authorities are unable to provide the 'implementing rules...
It promises to adhere to the 24 Generally Accepted Principles and Practices agreed to in October 2008 in Santiago, Chile, 'in a collaborative effort among countries with SWFs, investment recipient countries and international organizations, to observe, among other things: that the SWF will comply with all applicable regulatory and disclosure requirements in the countries in which SWFs invest; and that the SWF will have in place a transparent and sound governance structure that provides...
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Romualdez wants Marcos to certify Maharlika Investment Fund bill as urgentBRUSSELS, Belgium — House Speaker Martin Romualdez wants President Ferdinand "Bongbong" Marcos Jr. to certify as urgent the passage of the controversial Maharlika Investment Fund Inflation - not urgent. MIF - urgent despite the nation being buried in debt. 🙄🙄🙄🙄
Source: inquirerdotnet - 🏆 3. / 86 Read more »
216 House members coauthor Maharlika - BusinessMirrorTHE supermajority or 216 members of the House of Representatives have coauthored the proposed Maharlika Investment Fund (MIF) Act which, they said, would help fast-track economic development and provide better public services for Filipino people. Quezon Rep. Mark Enverga, one of the leaders in the House of the Nationalist People’s Coalition (NPC), said, “this proposal
Source: BusinessMirror - 🏆 19. / 59 Read more »
Don’t tie BSP hands for Maharlika–Neda chief - BusinessMirrorTHE use of the Gross International Reserves (GIR) and lowering the reserve requirement of banks to finance the Maharlika Investment Fund (MIF) may limit the tools at the disposal of the Bangko Sentral ng Pilipinas (BSP) during times when inflation is high. In his Commission on Appointments hearing on Tuesday, Socioeconomic Planning Secretary Arsenio M. 生より死、弱さより強さ、旅より目的地 The Maharlika Fund Bill is only to create a glorified Fund Manager to control billions of money otherwise beyond the reach of the politicians, its putting all the money available for corruption in one basket, very dangerous because the separate safeguards and governance are gone
Source: BusinessMirror - 🏆 19. / 59 Read more »
Speaker wants Marcos to certify Maharlika fund bill as urgentSpeaker Martin Romualdez is optimistic President Ferdinand "Bongbong" Marcos Jr. will give the Maharlika Investment Fund (MIF) bill the push to become a law by certifying it as an urgent legislation. PBBM must settle his Family Tax Due at the same time....grrrrr Bakit ba nagmamadali? Kating-kati na ba kayo sa kurakot? Hinay-hinay naman. 6 mos. pa lang kayo.
Source: gmanews - 🏆 11. / 68 Read more »