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Keep watch on Maharlika Investment Fund, Escudero urges critics

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MANILA, 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 Sunday as he un... CDNDigital

Sunday as he underscored the Supreme Court’s critical role in resolving the measure’s contentious provisions.

“This only means that those who have doubts and concerns should continue to keep watch … Since it got the votes of the majority, we have to respect it because that’s democracy,” he said. Only opposition Sen. Risa Hontiveros stood up against the bill, which Marcos had certified as urgent. Escudero reiterated that the MIF failed to satisfy the constitutional requirements on the creation of new government-owned and -controlled corporations, the main reason why he did not vote for the measure.He was particularly referring to the “test of economic viability” for the envisioned Maharlika Investment Corp., which he had demanded from the members of the President’s economic team.

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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
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