Senate President Juan Miguel 'Migz' Zubiri thanked his colleagues after the marathon session.Sen. Ana Theresia 'Risa' Hontiveros registered the negative vote while Sen Maria Lourdes 'Nancy Binay abstained. Senate Minority Leader Aquilino 'Koko' Pimentel left the session hall before the voting.Also absent were Senators Francis Joseph 'Chiz' Escudero and Maria Josefa Imelda 'Imee' Marcos.
It's ahead of it's time, so to speak,' Hontiveros said in explaining her vote.'At this time, I think that what we need is to capitalize our GOCCs so that they can venture where the private sector hesitates to go into utility scale batteries, cold storage for fish and vegetables, PUV modernization,' she said.Hontiveros added, 'But it is not, in my mind, a Maharlika Fund that is fit for this purpose.
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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 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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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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Maharlika Investment Fund in need of ‘iron-clad’ provisionSENATE Minority Leader Aquilino “Koko” Pimentel III raised on Tuesday, May 30, 2023, the need for an “iron-clad” provision in the Maharlika Investment Fund (MIF) bill that...
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