Sandro Marcos vouches for Maharlika Investment Fund: Not a novel idea

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ICYMI: Presidential son and Ilocos Norte 1st District Rep. Sandro Marcos has defended the proposed Maharlika Investment Fund, saying such an idea has been floated by past administrations.

“Well, this isn’t a new idea if you think about it. Sec. Diokno already said they were looking at it during the time of Duterte. If I’m not mistaken, former senator Bam Aquino filed a bill in 2016 trying to do the same thing; my guess is it was not passed because the administration of former president PNoy was about to end at that time. I believe Senator JV also filed a bill; it’s not a new idea,” he said.

Marcos, President Ferdinand “Bongbong” Marcos Jr.’s first-born son said they are lucky that the bill proposing an SWF was filed early into the administration. Z”{[[[4As to the claims that the House is railroading the measure, the younger Marcos disagreed, saying that the bill is going through the proper legislative process.

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The peso is so weak while the $ is strong we have to plant dragon fruits and export to taiwan . Dragon fruits an alternative to rice . So Pilipino must plant a tree of Dragon Balls minions.

Feeling ng mga eto ang lago lago ng economy ntin. Yun mga hirit akala mo ganun lang kadali ang lahat. Bkit kaya hindi yun unpaid tax nyo ipaikot nyo dyan s maharlika ng mapakinabangan ng husto ng Pilipinas. Wag nyo pkialamanan pension nmin mga bwisit!

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Arroyo: Marcos ultimately accountable for proposed Maharlika Investment Fund“The success of any fund, sovereign or private, lies in the quality of its management.  In the current version of the Maharlika Wealth Fund, the President of the Philippines chairs its governing Board,” Arroyo said.“This is a powerful statement that the highest official of the land will hold himself as ultimately accountable to the Filipino people for the performance of the Fund,” she added. Daming Poncio Pilato. Pero pag nakuha na ang pondo, lahat sila naka abang sa pinto ng San Miguel. How can we trust the President with our pension if he himself can not be accounted for paying his taxes? By the way, look who's talking! Do you have the credibility to talk about accountability? Salamat Garci?
Source: gmanews - 🏆 11. / 68 Read more »

INQToday: Sandro Marcos defends proposed Maharlika Investment Fund: It’s not a new ideaThe Bicameral Conference Committee has approved the committee report on the proposed P5.268 trillion national budget, which contains the reconciled versions from the House of Representatives and the Senate. Careful there, boy. You might be too young to understand all the risks. Especially if you're listening to council who are proven to be corrupt officials before. Ah, the man has wisdom beyond his years! The Book of Ecclesiastes says “what has been will be again, what has been done will be done again; there is nothing new under the sun.” Exactly! Not a new idea at nangopya sila pero malaki pinagkaiba. Tanginang tukmol to.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

‘Maharlika Investment Fund’: Good idea or not? - BusinessMirrorA sovereign wealth fund (SWF) is an investment fund, a state-owned pool of money, with funding coming from surplus reserves from state-owned enterprises, reserves from budgeting excesses, foreign currency operations, and money from privatizations that is invested in various financial assets. The US state of Texas was the first in 1854 to establish a program
Source: BusinessMirror - 🏆 19. / 59 Read more »