Photo caption: President Ferdinand Marcos Jr. signs the Maharlika Investment Fund bill into law on Tuesday, July 18, 2023.
The President signed the bill at the Kalayaan Hall of the Malacañan Palace, with members from both the Senate and the House of Representatives in attendance. According to Pimentel, the law would divert resources that could be used to solve immediate issues such as education and healthcare gaps.Veto Maharlika bill, return it to Congress to fix potential pitfalls, Pimentel presses Marcos
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Marcos signs Maharlika Investment Fund bill into lawPresident Ferdinand 'Bongbong' Marcos Jr. on Tuesday signed into law the Maharlika Investment Fund (MIF), which will tap state assets for investment ventures to generate additional public funds. READ:
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Marcos glosses over Maharlika Investment Fund’s political risksPresident Ferdinand Marcos Jr. did not tackle the contentious provisions of the Maharlika Investment Fund Act in his speech after he signed the bill into law, saying that the wealth fund would not be “colored by political considerations.”
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The Maharlika investment checklist: Where Marcos wants to put the moneyThe Maharlika fund would be invested in agriculture, infrastructure, and energy development, President Ferdinand “Bongbong” Marcos Jr. said on Tuesday, July 18, after signing into law the bill creating the Maharlika Investment Fund (MIF) and allaying fears of fund mismanagement.
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