PCCI, top business groups criticize Maharlika Wealth fund | The wRap

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Top stories on Wednesday, December 7 | The wRap

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PCCI, major business groups: Not the right time for Maharlika fundThe Philippine Chamber of Commerce and Industry has joined other major business groups in questioning the proposed Maharlika fund. The PCCI says unstable market conditions make it a poor time to start.
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Maharlika Investment Fund money must come from ‘wealth tax’ – groupA progressive group is seeing no problem with the proposed sovereign wealth fund or Maharlika Investment Fund if the money for it would come from a wealth tax and not from income generated by state-owned insurers. | GabrielLaluINQ GabrielLaluINQ no problem at all. citizens needs transparency where it's going. because when the tangapwets took over Yellow pocketed all the money and made Ayala, Villar and other corrupt fools who took advantage of the chaos GabrielLaluINQ Wealth tax + Collection of overdue taxes = enough money to start multiple SWFs
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