The proposed Maharlika Investment Fund’s history in the current 19th Congress, particularly in the House of Representatives, has been short but not so simple.
Nov. 29– HB No.6398 is heard by the banks and financial intermediaries panel a day after it was filed. The panel is chaired by Manila 5th district Rep. Irwin Tieng. Under the bill, the seed money for MIF is P250 billion. Dec. 5– Rep. Marcos denies allegations that the MWF was being “railroaded” by the House. The presidential son said the bill went through a process.
Dec. 8– Quimbo, in an impromptu press conference, announces plans of the House leadership to to remove the GSIS and SSS as fund sources for the MWF. The Bangko Sentral ng Pilipinas or Philippine central bank will take their place.Dec. 9– The Committee on Appropriations, chaired by Ako Bicol Party-list Rep. Zaldy Co, approves the funding provision of the MWF, which is now represented by an unnumbered bill.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Romualdez wants Marcos to certify Maharlika Investment Fund bill as urgentBRUSSELS, Belgium — House Speaker Martin Romualdez wants President Ferdinand "Bongbong" Marcos Jr. to certify as urgent the passage of the controversial Maharlika Investment Fund Inflation - not urgent. MIF - urgent despite the nation being buried in debt. 🙄🙄🙄🙄
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Proposed Maharlika Investment Fund bill gets House nod on 2nd readingThe controversial House Bill No. 6608, which contains the proposed Maharlika Investment Fund, was approved on second reading despite stiff opposition from some members of the Minority bloc. | GabrielLaluINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
LIST: House lawmakers backing Maharlika Investment Fund bill now at 275The number of House of Representatives members who are backing the proposed Maharlika Investment Fund has ballooned to 275 — more than enough to overturn opposition to the bill. | GabrielLaluINQ GabrielLaluINQ Uhuh. Theres 100 million filipinos. Pilitin niyo lang yan. Malapit pang EDSA
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Marcos Jr. certifies as urgent Maharlika Investment Fund billPresident Ferdinand Marcos Jr. has certified as urgent House Bill No. 6608, which seeks to establish a sovereign wealth fund for the country, the House of Representatives said. | GabrielLaluINQ GabrielLaluINQ Were broke aren't we? Dont see any other reason save for corruption why this is being rushed like this. GabrielLaluINQ Tngnato! GabrielLaluINQ Apparently, he’s survived his sniffles. Sayang
Source: inquirerdotnet - 🏆 3. / 86 Read more »
11 Cebu lawmakers back bill creating Maharlika Investment FundCEBU CITY, Philippines - Almost all lawmakers from Cebu backed the proposal to create the country’s first sovereign wealth fund. The House of Representatives on Thursday, Dec, 15 passed on
Source: cebudailynews - 🏆 8. / 71 Read more »
BSP chief says balance sheet strong enough for Maharlika Investment FundBangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Thursday said concerns over the proposed Maharlika Investment Fund have been “completely addressed,” but the final version should still be reviewed to ensure that safeguards are implemented.
Source: gmanews - 🏆 11. / 68 Read more »