Bayan Muna, Pimentel file petition vs. Maharlika Investment Fund

In a 56-page petition for certiorari and prohibition, the petitioners — Bayan Muna chairman Neri Colmenares, and former Bayan Muna Representatives Isagani Zarate and Ferdinand Gaite, and Senate Minority Leader Aquilino "Koko" Pimentel III — challenged the constitutionality of the MIF on three grounds.

The petitioners said the MIF will create a “lasting if not permanent” connection between the BSP and the MIF which will then violate the independence of the BSP as a central money authority. “Certainly under an advisory body and board of directors that are primarily political appointees, the Maharlika Investment Corporation cannot be run without political pressure,” they said.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Marcos orders suspension of Maharlika Investment Fund IRRThe memorandum suspending the IRR was addressed to the Bureau of Treasury and the CEOs of state-run Land Bank of the Philippines and the Development Bank of the Philippines.
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Pagpapatupad ng Maharlika Investment Fund sinuspindeSuspendido muna ang pagpapatupad ng Maharlika Investment Fund.
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Marcos: Maharlika Investment Fund not on holdPresident Ferdinand 'Bongbong' Marcos Jr. on Thursday clarified that the Maharlika Investment Fund (MIF) was not put on hold, saying the government is still working to have it operational within the year.
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