'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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GSIS, SSS boards to decide on Maharlika Fund investment --- DioknoFinance Secretary Benjamin Diokno on Tuesday, May 30, said that it is up to the boards of directors of state pension institutions, such as the Social Security System (SSS) and Government Service Insurance System (GSIS), to invest into the proposed Maharlika Investment Fund (MIF).
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Senate passes Maharlika Investment Fund billThe Senate approved on early Wednesday on third and final reading the bill seeking to establish the Maharlika Investment Fund (MIF), a sovereign wealth fund that the government can use to make investments.
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Senate votes to pass bill creating controversial Maharlika Investment FundA heavily reconstructed version of the controversial Maharlika Investment Fund bill secured the nod of the Senate on its second and third reading, eight days after President Ferdinand Marcos Jr. had certified the measure as urgent. | BPinlacINQ
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Senate approves Maharlika Investment Fund BillWith a 19-1-1 vote, senators early Wednesday morning approved on third and final reading Senate Bill (SB) 2020 which creates the Maharlika Investment Fund.
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Senate approves Maharlika Investment Fund bill(UPDATE) WITH 19 affirmative votes, one negative and one abstention, the Senate in plenary approved early Wednesday morning Senate Bill (SB) 2020 or the Maharlika Investment Fund (MIF) bill.
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