Development Bank of the Philippines president and chief executive officer Emmanuel Herbosa on Thursday expressed support for the passage of the controversial Maharlika Investment Fund , citing "better rates of return."
"As head of a government bank, the SWF is closely aligned with our operating principle of bolstering economic additionality through timely and meaningful support of critical industries and sectors," he added.will come from LandBank with P50 billion, the DBP with P25 billion, and dividends and profits of the Bangko Sentral ng Pilipinas .
The MIF was initially aimed to have a capital of P275 billion, with P175 billion coming from the Government Service Insurance System and the Social Security System , but lawmakers dropped these funding sources to douse public opposition.
Here is another corruption in the making kung sino man ang mamumuno dito sa 'Maharlika Invest Fund ' siguradong milyon ang sahod at ang bonus pa. Wala na ang pondo ng SSS sa Pinas. Kawawa naman ang mga matatanda wala ng pension sa SSS.
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.
DBP chief backs swift passage of Maharlika Investment Fund billThe president of Development Bank of the Philippines has expressed full support for the establishment of a SWF, citing the need to boost investments in critical sectors to sustain the country’s growth. Takot lang nya mapalitan The OUTGOING president of the Development Bank of the Philippines 😒 ayaw ma-unemploy... besides di nya naman pera yun...
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Investment expert debunks common misconceptions about this investment productMost Filipinos don't see the need for investments. It’s just not in our psyche, according to investment expert Raffy Ayuste Jr. BrandRap
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PEZA-approved investment pledges surge this year - BusinessWorld OnlineINVESTMENT pledges approved by the Philippine Economic Zone Authority (PEZA) more than doubled this year, thanks to several big-ticket projects. The PEZA in a statement said it approved 198 projects that are expected to generate P140.7 billion this year, 103% higher than the P69.3 billion in 2021. With this, the investment promotion agency surpassed its […]
Source: bworldph - 🏆 9. / 68 Read more »
PEZA: Investment pledges jumped by 103% to P140.7b“Despite the 29.85-percent decline in the first semester of the year 2022 compared to the first semester of 2021, we never lost hope that we would recover. With the big-ticket investments that were prequalified by the board for endorsement to the-- READ:
Source: MlaStandard - 🏆 20. / 55 Read more »
Zelenskiy to US Congress: Aid 'not charity' but investment'It is an investment in the global security and democracy,' says Ukrainian President Volodymyr Zelenskiy.
Source: rapplerdotcom - 🏆 4. / 86 Read more »