BSP, DBP Dropped As Maharlika Fund Source – Salceda
File photo taken by The Philippine STAR’s Edd Gumban shows Albay Rep. Joey Salceda speaking during a forum in Manila on Nov. 27, 2019.
“I don’t know whether I should be revealing this, but right after Christmas, we were commissioned – me and three others – to rewrite or essentially re-engineer the MIF,” he said in a television interview. “Basically, it’s now just securitization of the dividends excluding BSP and no more asset infusion from DBP,” he added.
The fund will later go public through an initial public offering, after which GOCCs will no longer be tapped as capital sources.
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