In the survey results released on Monday, Dec. 19, Tangere CEO and founder Martin Peñaflor said 83.75 percent of survey respondents are aware of House Bill No. 6608 or the Maharlika Investment Fund Bill, which has recently passed on third and final reading at the House of Representatives.
However, the survey found that the number of those who agree to have government financial institutions, such as the Government Service Insurance System, Social Security System, Land Bank of the Philippines, and Development Bank of the Philippines, as source for the funds for the Maharlika Investment Fund is slightly lower at 45.87 percent—with 19.5 percent “strongly agreeing” and 26.37 percent “slightly agreeing.
Moreover, 65.47 percent of the survey respondents who are aware of the bill also believe that the proposal of the establishment of the funds is timely, and about 56.67 percent either strongly believe or somewhat believe that it would also be helpful in the growth of our economy.
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Source: rapplerdotcom - 🏆 4. / 86 Read more »
There is transparency in Maharlika Investment Fund, says RomualdezICYMI: Amid doubts from the public, Speaker Martin Romualdez gave the assurance that the Maharlika Investment Fund has a provision that ensures transparency regarding financial matters to prevent its misuse. Yeah right ! Knowing that it’s a Marcos Romualdez tandem Honesty and Trust is in question. Unreliable partnership that will skin Philippine economy. God spare Philippines with these evils🙏🏻. In businessmen and politician’s world, there’s no such thing as transparency..everything can be manipulated even biggest companies do that..checK ENRON.. it’s one of the worst scam ever in US.. PWEH! As transparent as MUD! 🤬🤬🤬
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Philippine Stock Exchange backs proposed Maharlika Investment FundThis comes days after the House of Representatives speedily passed the Maharlika fund proposal, certified by President Ferdinand Marcos Jr. as urgent.
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PSE backs creation of Maharlika Investment Fund - BusinessWorld OnlineTHE Philippine Stock Exchange, Inc. (PSE) voiced its support for the proposed creation of the Maharlika Investment Fund (MIF), saying that it would help develop the country’s capital markets. PSE President and Chief Executive Officer Ramon S. Monzon said in a statement that the local bourse operator is in favor of House Bill (HB) No. […] LBP and DBP suffers in this, but PSE benefits with the creation of another government fund and addition of a new PSE player, a big one at that. PSE President Monzon is a crony of Marcos. Marcos entrusted a lot of things to this guy when they flew out of the country during the 80’s. Will they be transparent with the real performance of the fund? If they don’t PSE’s reputation will suffer.
Source: bworldph - 🏆 9. / 68 Read more »
The red flags raised by the Maharlika Investment FundListen to this episode from BusinessWorld B-Side on Spotify. The Maharlika Investment Fund is plagued by problems including bad timing, unfulfilled requirements, and governance red flags, according to economist and Action for Economic Reform convener Filomeno S. Sta. Ana III. “Right now, there’s a lot of volatility, so even if we have some level of comfort with our foreign exchange reserves, we must still build our reserves,” he tells BusinessWorld report Brontë H. Lacsamana in this B-Side episode. Recorded remotely on Dec. 8, 2022. Produced by Joseph Emmanuel L. Garcia and Sam L. Marcelo. Ang daming red flags, but no red-taggers......
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[B-SIDE Podcast] The red flags raised by the Maharlika Investment Fund - BusinessWorld OnlineThe Maharlika Investment Fund (MIF) is plagued by problems including bad timing, unfulfilled requirements, and governance red flags, according to economist and Action for Economic Reform convener Filomeno S. Sta. Ana III. Ask your Congressman about this.....?
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