Senate Majority Leader Joel Villanueva said he expects the Maharlika Investment Fund bill to reach Malacanang this week for the president's signature.
Acknowledging there were errors in the bill, Villanueva said they are “only human” and these typographical errors are normal especially when the measure was passed during wee hours. The lawmaker made the remark after the Congress-approved version of the measure contained two sections with different number of years as prescription period.
Villanueva recalled that the proposed amendment set the prescription period at 20 years was rejected and not carried in the bill that was approved by the Senate.
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:
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.
Diokno sees Maharlika Fund fully operational before 2023 endsFinance Secretary Benjamin Diokno, the Marcos administration’s chief economic manager, said the Maharlika Investment Fund (MIF) —Philippines’ very first sovereign wealth fund— is expected to be operational before the end of the year.
Source: gmanews - 🏆 11. / 68 Read more »
Keep watch on Maharlika Investment Fund, Escudero urges criticsMANILA, Philippines — Critics of the Maharlika Investment Fund (MIF) must remain vigilant despite its expected signing into law by President Ferdinand Marcos Jr., Sen. Francis Escudero said on
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Serious errors committed in approving Maharlika bill – EscuderoICYMI: In its rush to pass legislation for the Maharlika Investment Fund, both houses of Congress committed serious procedural and substantial legal errors that may nullify the law from the start, Sen. Francis Escudero said.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Mark Villar lists Maharlika bill safeguardsSenator Mark Villar, principal author and sponsor of the Maharlika Investment Fund (MIF) bill, discussed the checks and balances incorporated in the MIF bill. “We made sure that better safeguards
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Maharlika Fund setup expected to be speedyThe Maharlika Investment Fund (MIF) could be up and running within this year, with the bill establishing the MIF expected to be signed into law before the President’s Sona in July and the rules of implementation coming out within three months.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Senators rebuff Diokno on ‘Maharlika’ wordplayTwo Senate leaders disputed pronouncements by Finance Secretary Benjamin Diokno that other means were available that would allow the GSIS and the SSS to put funds in the Maharlika Investment Fund. | melvingasconINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »