Hontiveros: Gov’t must pass urgent measures to lower food prices instead of Maharlika Investment Fund

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MANILA, Philippines — Opposition Senator Risa Hontiveros on Friday said the government should certify as urgent a measure that would lower food prices instead of the Maharlika Investment

“Certify urgent? Eh kung ang gawin munang urgent kaya ay ang pag baba ng presyo ng pagkain para may disenteng Noche Buena, ang pagtaas ng sweldo ng mga manggagawa lalo ang mga teacher at health workers, at ang ayuda sa matatanda, solo parents at mga may kapansanan?” Hontiveros said in a statement.On Thursday,

, with 279 lawmakers voting affirmative while six voted against it. No legislator abstained from the voting.“Our economy is already hurting now; imagine the world of pain we’ll be in if we rush head first into a P250 billion mistake,” the senator said, referring to the venture capital of the sovereign wealth fund that would be derived from government agencies and state-owned corporations.

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