Why 6 House lawmakers voted no to the Maharlika Investment Fund bill

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

They oppose the Maharlika fund due to corruption and investment risks, economic challenges, and how the bill was railroaded through the House of Representatives.

MANILA, Philippines – The proposed establishment of a Maharlika Investment Fund breezed through the House of Representatives, with 279 lawmakers voting in favor of its passage.

“Whatever investible resources the government and the government-owned and controlled corporations have, must not be parked in long-term contingent investments. They must be invested today for human development and sufficient allocations for education, health, employment, food security, and basic infrastructure,” Lagman said.

The MIF seeks to prioritize investments in infrastructure and developmental projects, but Manuel said these are “vulnerable to corruption.” Lagman and Brosas also pointed out that if the MIF is launched, it would be among the tiniest sovereign wealth funds in the world at P110 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Parang hopeless na talaga ang Pilipinas.

I don'tthink any bill endorse by the government will be supported by these by these NPA supporters! Thats a fact!

Sila ang mga politikung marunong mag-isip

Same people (most?) who said no to the ATL - that says a lot.

Sila lang ang may konsensya at pusong maglingkod sa kapakanan ng taong bayan.

2 of these distinguished representatives are from Bicol. Mga oragon lagman_edcel and Bordado. 👍

brave men and women. they stood for what is right. may the likes of them increase in the House.

Politicians with integrity!

Heroes!

Cause they don't want our country to prosper.

Sila 6 na meron tunay na malasakit sa bansang pilipinas. Mahal nila tayo Kaya naging maingat sa Pera or tax natin. Salamat sa inyong anim. God bless po sa inyo. 🙏🙏👏

That’s their job. They belong to the opposition hence every bill proposed by the administration should be opposed by them.

MAKAPAL ANG MUKHA SALOT S LIPUNAN AT MGA KOMUNISTANG SINUNGALING MANLOLOKO AT PAHIRAP S PILIPINO..

Yan lang nman trabaho nila e. Di nman alam ng mga yan gumawa ng batas na totoong tutulong sa pagunlad ng pilipinas

Ginamit nila añg puso ,isip at kosensiya. Inisip Ang kapakanan Ng bayan at di panloloko at Pera. Thanks for caring!!!

Six Lang! Problema talaga ng bansa natin ang congreso.

Sa Palagay ko nako confused sila sa kanilang paniniwala.. sa katunayan ang MWF ay isang halimbawa ng edolohiyang sosyalismo…state capitalism🤣🤣🤣

All these in the pictures are the same Dilawan obstructionist and CPP Sympathizer.

Alam na this mga kontalrabida ano pa

Sila ang bagong KBL. abangan yan.

Funny, you comment on a Rappler statement and later your comment disappear. Upon checking it the same article appears in a fresh issue later and the one you commented on disappear. One of Ressa's tricks?

Who the hell needs to know, simula't sapul gusto ninyo gumuho ang Pilipinas kaya ayaw ninyong makakita ang bansa ng gahiblang pag-asa para makabangon ito sa ganang pang-ekonomiya!

Mga ENGOT hahaha

These are heroes

makakontra lang haha. un naman trabaho nila jan eversince

Mgq cpp npa

Ask also the 279 why they voted 'yes'. Ah bias pala kayo. Sige, yung anim nalang.

Is it a surprise?

Tagal nyo na bnbalita yan, kala nyo kakampihan n ng mga tao yang salot na yan? Kontra lang naman yan dahil sa pansarili nilang interes. Wala namang pinaboran yan basta kalaban nila. Rappler tlga todo buhat, may maliit pa na caption, magkano nga pala nkukuha nyong pondo sa US?

RIP, joma's dogs!

Rappler + these 6 law makers + Rappler's OJT-like reporters + the main recado THE CEO, ofcourse!

Because 3 of them are from Liberal Party, the other 3 are from Communist Party. No need for a spin, we all know they've been sleeping together since Ninoy and Joma days.

Mas mahal nila ang Pilipinas kaysa sarili nila…

Remember them.

Dahil ang trabaho nila ay mangontra syempre, wala dapat progress dapt mahirap ang pinas. Ulol na 6

These Six House Lawmakers know that it's the right thing to do.We salute you.

The 6 were defending the people, while 279 nag sariling sikap...

mga kakampi ni Joma ang mga yan..nagluluksa pa ngayon ang mga yan

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 💰💸💵🤑

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maharlika Investment Fund bill OK rushed, say House minority solonsLawmakers from the minority bloc in the House of Representatives who voted against the Maharlika Investment Fund believe approval of the bill was rushed, with the proposal being approved in just around 18 calendar days since House Bill No. 6398 was filed. Tuta tuta at maraming mga tuta Rubber stamp Congress! Shameless and unscrupulous! DAMING SIPSIP NA TONGRESMAN SA HB MAHARLIKA FUND NILA DRAGON FRUIT,.... MAGKANO KAYA MAGIGING BONUS NG MGA ITO,...
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Hontiveros: Gov’t must pass urgent measures to lower food prices instead of Maharlika Investment FundMANILA, Philippines — Opposition Senator Risa Hontiveros on Friday said the government should certify as urgent a measure that would lower food prices instead of the Maharlika Investment
Source: cebudailynews - 🏆 8. / 71 Read more »

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.
Source: gmanews - 🏆 11. / 68 Read more »