Senator Nancy Binay stood in the middle and chose not to participate when Senate was taking a decisive vote on the controversial Maharlika Investment Fund bill. | BPinlacINQ
“I do understand the need to come up with something different to jolt and jumpstart our economy, and I, likewise, see the need to create fresh income sources to generate long-term economic growth and create jobs for our people. I just cannot turn a blind eye on development and say no,” she said.“I found no compelling reason either to say, ‘Yes, the MIF is a better medicine for the country.’ Or deny the fact that the risks are far greater than its claimed benefits,” she said.
“Personally, I have concerns about the Maharlika Investment Fund not falling within the necessary operational safety nets and parameters. We don’t want the ‘Big If’ in the Maharlika Fund to be dragged [into] the ‘Big Unknown,’” she said.
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