Maharlika Investment Fund bill OK rushed, say House minority solons

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Lawmakers from the minority bloc in the House of Representatives who voted against the Maharlika Investment Fund believe approval of the bill was rushed, with the proposal being approved in just around 18 calendar days since House Bill No. 6398 was filed.

“Nobyembre 28 nang ma-file ang bill, naisama sa Order of Business at agad na na-refer sa Committee on Banks and Financial Intermediaries, all on the same day. Kinabukasan, Nobyembre 29, nag-schedule agad ng hearing sa committee sa panukala at inaprubahan ang bill subject to the amendments ng isang TWG na itinayo para ayusin ang mga probisyon,” Hataman said.

“All in all, from filing to final approval, it only took members of the House of Representatives 18 calendar days to give final approval to the Maharlika Investment Fund bill. For me, it is not enough time to strengthen the provisions in the bill especially if a lot of sectors would be affected, and many have opposed the bill.,” Hataman said.

“We must bail out our people today from poverty, inflation and the dire prospects of recession, rather than investing in long-term ventures while our people may perish ahead without enjoying the promised fruits of Maharlika. Help our people survive in the short term so that they can relish the benefits in the long-term,” Lagman said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DAMING SIPSIP NA TONGRESMAN SA HB MAHARLIKA FUND NILA DRAGON FRUIT,.... MAGKANO KAYA MAGIGING BONUS NG MGA ITO,...

Rubber stamp Congress! Shameless and unscrupulous!

Tuta tuta at maraming mga tuta

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Proposed Maharlika Investment Fund bill gets House nod on 2nd readingThe controversial House Bill No. 6608, which contains the proposed Maharlika Investment Fund, was approved on second reading despite stiff opposition from some members of the Minority bloc. | GabrielLaluINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »

LIST: House lawmakers backing Maharlika Investment Fund bill now at 275The number of House of Representatives members who are backing the proposed Maharlika Investment Fund has ballooned to 275 — more than enough to overturn opposition to the bill. | GabrielLaluINQ GabrielLaluINQ Uhuh. Theres 100 million filipinos. Pilitin niyo lang yan. Malapit pang EDSA
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Marcos Jr. certifies as urgent Maharlika Investment Fund billPresident Ferdinand Marcos Jr. has certified as urgent House Bill No. 6608, which seeks to establish a sovereign wealth fund for the country, the House of Representatives said. | GabrielLaluINQ GabrielLaluINQ Were broke aren't we? Dont see any other reason save for corruption why this is being rushed like this. GabrielLaluINQ Tngnato! GabrielLaluINQ Apparently, he’s survived his sniffles. Sayang
Source: inquirerdotnet - 🏆 3. / 86 Read more »

11 Cebu lawmakers back bill creating Maharlika Investment FundCEBU CITY, Philippines - Almost all lawmakers from Cebu backed the proposal to create the country’s first sovereign wealth fund. The House of Representatives on Thursday, Dec, 15 passed on
Source: cebudailynews - 🏆 8. / 71 Read more »

BSP chief says balance sheet strong enough for Maharlika Investment FundBangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Thursday said concerns over the proposed Maharlika Investment Fund have been “completely addressed,” but the final version should still be reviewed to ensure that safeguards are implemented.
Source: gmanews - 🏆 11. / 68 Read more »

(Update) A short timeline: Maharlika Investment Fund
Source: manilabulletin - 🏆 25. / 51 Read more »