FACT CHECK: No mention of Maharlika fund in Marcos’ last will | FactsFirstPH
The Maharlika Investment Fund was mentioned in the last will and testament of the late dictator Ferdinand E. Marcos. His son, President Ferdinand Marcos Jr., will also invest the family’s wealth into the fund.The claim was made in the title of a YouTube video posted on July 18 which has 23,000 views, 1,400 likes, and 190 comments as of writing. The channel that posted the video has been fact-checked by Rappler multiple times for making false statements about the Marcos family.
made no mention of reinvesting his family’s wealth into the MIF or for any fund for the benefit of the Filipino people. Signed on June 23, 1988, Marcos’ will stated that all of his estate “of every nature and kind” would be bequeathed to his wife and four children.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FACT CHECK: No mention of Maharlika fund in Marcos’ last willThere is no mention of the sovereign wealth fund in Ferdinand E. Marcos’ last will. Neither did it state that the family’s wealth should be reinvested in the fund.
Read more »
Marcos signs Maharlika bill into law(1st UPDATE) President Ferdinand Marcos Jr. signs the controversial measure less than a week before his second State of the Nation Address
Read more »
Marcos signs controversial Maharlika Investment Fund (MIF) Act | Samuel P. MedenillaPresident Ferdinand R. Marcos, Jr. on Tuesday signed the controversial Maharlika Investment Fund (MIF) Act to help draw more investors to the country. The signing ceremony was held at the Kalayaan Hall in Malacañang last Tuesday despite criticisms from some groups that it will expose government funds to possible misappropriation. In…
Read more »
Marcos sees ‘progress’ with Maharlika, vows no politics | Samuel P. MedenillaWITH his signing of Republic Act 11954 or the Maharlika Investment Fund (MIF) Act on Tuesday, President Ferdinand R. Marcos Jr. said the government can now generate additional revenue, while accelerating economic growth through increased investments from the creation of the country’s first sovereign fund. Besides citing its safeguards against abuse, he also…
Read more »
Status check: Marcos' tech promises ahead of the 2023 State of the Nation AddressHow has the Marcos administration handled its priorities and promises for technology-related issues? Let's take a look.
Read more »
Newsbreak Chats: A year in power, Marcos gets a reality checkRappler looks back on the first year of the Marcos presidency, the challenges his admin faced and how he addressed them, and other issues and policies that marked his first year in office. MarcosYear1 Watch NewsbreakChats on Thursday, July 20, at 4 pm.
Read more »