Cayetano: GSIS, SSS, other GOCC direct investment in infra dev’t safer and better than Maharlika fund

“Instead of getting money from SSS, GSIS, and Pag-IBIG, why not have a platform for Juan dela Cruz where they can invest in these projects and get a board seat? With that, you have the same result as the Maharlika Wealth Fund with safeguards,” Cayetano said.According to House Bill No. 6398 or the proposed Maharlika Investment Fund Act, one of the objectives of the fund is to establish a diversified portfolio of investments in the local and global financial markets and in other assets.

The CA minority leader pointed out that an infrastructure investment fund’s social and economic returns will be immediate for the regions for which it will provide capital.“We might not be able to equalize ‘yung sweldo, resources, investments across all areas of the country, but let’s just try to create more opportunities for Filipinos,” he added.

Balisacan agreed that an infrastructure investment fund could open up more opportunities for low-income Filipinos to break into the capital markets and grow their wealth.“I think what the Senator just described is very much in the spirit of my advocacy to open up more investment opportunities for low income households. We need to open up avenues for investments,” the ad interim economic planning secretary said.

Cayetano said much of the criticism lodged against the Maharlika Investment Fund had been driven by sentimentality, as millions of low- and middle-income Filipinos have paid into the SSS, GSIS, and Pag-Ibig social safety nets for years.He said it would be difficult for most citizens to agree to have their savings put into a sovereign wealth fund.

“When it comes to the stock market and to funds, importante yung sentiment at saka ngayon na maraming bullish pero marami rin pong negative sentiments on this , maraming nagdududa kung ano talaga ang intentions dito kahit maganda,” Cayetano said.

Pesos lang.. pesos + $ = ..

Perceived risk? It is not perceived, all investment venture are risky but if properly managed it will be profitable. At me transparency dhil kung wala risky yan, kita mo Philhealth ubos ang pundo.

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