Fundamental issues haunting Maharlika Investment Fund

Putting up the Maharlika Investment Fund (MIF) cannot save us from the more urgent economic and social problems we face this year. READ:

Putting up the Maharlika Investment Fund cannot save us from the more urgent economic and social problems we face this year.

Diverting funds from state-owned banks like Land Bank of the Philippines and Development Bank of the Philippines will not only reduce their investible funds and weaken their financial health, but it will also compromise the National Government’s revenue base. These government financial institutions are required to capitalize the Fund by a total of ₱75 billion, with an additional provision that “each founding GFI may increase its investment above their required equity contribution.

Self-flagellation is the second fundamental flaw in the Maharlika concept. The Maharlika bill waives for NG some additional sources of revenues in favor of the investment fund. One such source is the dividend of both government-owned and controlled corporations and yes, GFIs such as Land Bank and DBP.

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:

manilabulletin /  🏆 25. in PH

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.

Important for PBBM to highlight Maharlika fund in WEF--SandroThe progress in the Maharlika Investment Fund (MIF) Bill is an important development that President Ferdinand “Bongbong” Marcos Jr. can share to the attendees of the upcoming World Economic Forum (WEF) in Davos, Switzerland.
Read more »

[ANALYSIS] Maharlika fund: When politics trumps economics'If the economists in government are just playing the political game, at what cost to themselves – and the nation?' Analysis ThoughtLeaders
Read more »

Macau casinos deal themselves a tough hand with big non-gaming investment pledgesCasinos in Macau have committed to investing a total of $15 billion in the coming decade, 90% of which must be spent on non-gaming.
Read more »

Top 10 trade and investment stories of 2022 - BusinessWorld OnlineHere is this column’s assessment of the important trade and investment stories of the past year, five global and five national. 1. Big recovery in global merchandise trade by nearly $4 trillion in 2021 over 2020 The World Trade Organization (WTO) in November released its flagship annual publication, the World Trade Statistical Review 2022. Global […]
Read more »

U.S. investment-grade bond market kicks off 2023 with flurry of new dealsThe U.S. investment-grade primary bond market is kicking off 2023 with a rush of new offerings, as companies take advantage of a favorable market window to get ahead of potentially more volatility and a possible economic recession. | Reuters
Read more »

Gloom and boom: Fund managers’ top picks for 2023King Dollar&039;s reign (definitely) coming to an end, bonds bouncing and emerging markets rising again are just some of the trades international money managers are betting on in
Read more »