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Senate 'set to approve' Maharlika bill — Zubiri

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THE Senate is 'set to approve' the Maharlika Investment Fund bill 'next week,' Senate President Juan Miguel Zubiri said on Thursday, despite objections from the minority.'Yes, the plan is to approve it by 2nd and 3rd reading next week. We are accommodating the last few members who want to interpellate on Monday then we can open the period of amendments immediately after,' said Zubiri in a message to reporters.

Congress adjourns sine die on June 2.Senate Minority Leader Aquilino 'Koko' Pimentel 3rd said, however, that he will reject the passage of Senate Bill 2020 .Zubiri and Pimenetel's statements come, a day after President Ferdinand Marcos certified the bill as urgent.The House of Representatives approved its version of the measure in December 2022.'As a certified measure we can close and approve the bill in that same week.

On Wednesday, Zubiri invited the economic managers of the Marcos administration to attend the debate on the measure during hearing by the Senate banks and financial institutions committee, which Sen. Mark Villar, sponsor of the bill, heads.They are Finance Secretary Benjamin Diokno, Department of Economic Development Authority Secretary Arsenio Balisacan, Department of Budget and Management Secretary Amenah Pangandaman, and Department of Trade and Industry Secretary Medalla.

 

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