in FTX as the cryptocurrency platform declared bankruptcy.
In questioning the decision to use government pension funds, Barcelon compared the proposed local sovereign wealth fund with those of other countries. Barcelon warned in a separate statement, “Pooling resources from the revenues of the national government, the Central Bank’s and government-owned financing institutions, may impact the sustainability of the country’s welfare system and financial standing.”
“With a good credit standing, we do get lower rates from foreign banks. That, I think, is more important for us. Maintain our good credit standing – not putting something that might give worldwide banks that entertain doubts whether this will really fly or not,” Barcelon said in the ANC interview.The PCCI had previously supported the creation of the Maharlika fund.
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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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GSIS vows transparency, investment protection in proposed Maharlika fundThe Government Service Insurance System gave assurance that there will be transparency in the proposed Maharlika Investment Fund and that investments that will be made through it would be protected. | DYGalvezINQ DYGalvezINQ The independent directors are chosen by presidential appointees, making the independent directors pass-through presidential appointees. There is nobody on the board, or advising the board, that isn’t directly or indirectly employed by the president. DYGalvezINQ DYGalvezINQ
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