AT the behest of Finance Secretary Benjamin E. Diokno, President Ferdinand R. Marcos Jr. has certified as urgent a bill creating the country’s Maharlika Investment Fund .
“This is to respectfully request His Excellency to certify as urgent House Bill No. 6608, establishing the Maharlika Investment Fund, filed as Committee Report No. 237 by the Committees on Banks and Financial Intermediaries, Appropriations, and Ways and Means,” Diokno said in his letter, which was also coursed through Executive Secretary Lucas P. Bersamin.
“Rushing the MIF can lead to disaster or costly mistakes. FFW and Nagkaisa [labor coalition] urge Congress to always be careful with their work. As their haste may result in waste of people’s money,” Matula said. Diokno assured Marcos that the current version of the proposed MIF has the necessary safeguard mechanisms to ensure prudent use and investment of the funds.
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Finance chief Diokno seeks Marcos urgent seal on Maharlika Fund bill“This is to respectfully request His Excellency to certify as urgent House Bill (HB) No. 6608, establishing the Maharlika Investment Fund (MIF or ‘Fund’), filed as Committee Report No. 237 by the Committees on Bank and Financial Intermediaries, Appropriations, and Way and Means,” Diokno said in a letter to the President dated December 13, 2022.
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