What is 'Maharlika Investment Fund' bill?

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What is the ‘Maharlika Investment Fund’ bill?

the House Committee on Banks and Financial Intermediariesis an independent fund that seeks to generate government revenue through investments in real and financial assets.such as his cousin House Speaker and the president’s son Rep., a government-owned and controlled corporation, which will be created once this bill becomes law.

Based on Article V, Section 15 of the bill, there will be nine board members, which includes the following. Six partners from the founding government financial institutions. The number of seats to be allotted shall be proportional to their investments.Secretary of Finance as the official representative of the National GovernmentAmong these board members, one will also assume the role of both the chairperson and chief executive officer for a seven-year term.

 

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NoToMaharlikaFund

Maharlika Investment Fund Bill is unconstitutional, it mandates the taking of SSS & GSIS Funds, both of which are private properties, without just compensation and for purposes which is not considered public in nature. Members of SSS and GSIS own their respective funds, punyeta

PhilstarNews Funny

Hindi ako nag aral sa Harvard pero sure ko di madadamay ang contribution ng SSS at GSIS dyan. Ikaw naman ma'am wag puro kuda 🤣🤣🤣

another scheme to rob the filipino of their money.

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House panel OKs Maharlika Investment Fund billA House committee on Thursday approved a recently filed bill that seeks to establish billions of pesos worth of sovereign wealth fund dubbed as Maharlika Investment Fund (MIF). marcos inc is on the plunder run again
Source: gmanews - 🏆 11. / 68 Read more »