Anti-poverty commission backs Maharlika Investment Fund

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The state-run National Anti Poverty Commission (NAPC) threw its support behind the passage of the Maharlika Investment Fund Bill which seeks to use government assets for investment.

NAPC Vice Chairperson and South Cotabato Governor Reynaldo Tamayo Jr. clarified the commission's position a day after Senate President Juan Miguel Zubiri called on his House of Representatives counterparts to adopt the Senate version of the measure, given that President Ferdinand Marcos Jr. certified the bill as urgent.

“The Maharlika Fund [bill] was certified urgent because the Executive sees this as something that will help the economy and generate funding for the government,” Tamayo said in a press conference.

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