MANILA, Philippines — After President Ferdinand Marcos Jr.’s recent announcement of a soft launch of the Maharlika Investment Fund at the World Economic Forum , House Deputy Minority Leader France Castro called on the Senate to uphold its legislative autonomy.
The much-debated bill that proposed a sovereign wealth fund passed the House with an overwhelming majority, with only six legislators voting against it, including Castro.“We hope that the Senate would assert legislative independence and junk the Maharlika Investment Fund because this is not what the country needs now and in fact further endangers the resources we do have.
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