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Senate likely to approve Maharlika Investment Fund in June –Escudero

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The Senate was likely to approve the Maharlika Investment Fund (MIF) bill in June, according to Senator Francis “Chiz” Escudero on Saturday.

The Senate was likely to approve the Maharlika Investment Fund bill in June, according to Senator Francis “Chiz” Escudero on Saturday.

“Malaki ang tsansa, depende na lang yan sa Bicam pero wala akong nakikitang mahirap na lulusutan sa Bicam dahil sumangayon naman ang economic managers sa mga pinanukala ko,” he added. "Isa rin yan sa dahilan kung bakit nagbubuo ng sovereign wealth fund para tugunan ang gap sa pension fund na mangyayari. Dapat yung investment natin kung ngayon nangyayari, short dapat, hindi medium, hindi long, para matugunan agad," Escudero explained.

He said China was the only country that said we encourage their citizens to gamble and bet, so they are against POGOs.

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