'The economic team commends Senate President Senator [Juan Miguel] Migz Zubiri and Senator Mark Villar for their thorough deliberation and prioritization of the proposed Maharlika Investment Fund Act,' Finance Secretary Benjamin Diokno said.'The Senate leadership has pulled out all the stops to ensure that the bill we bring to the President reflects the administration's objective of creating a profitable and secure investment fund,' he added.
'This is a great stride towards our long-term progress and will boost our efforts for economic growth,' Budget Secretary Amenah Pangandaman said.Pangandaman also said that the Senate's version of the MIF has 'multiple' safeguards against potential misuse.'This includes multiple safeguards— we have an audit committee, there's an advisory board, and there's a congressional oversight committee.
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