The Government Service Insurance System gave assurance that there will be transparency in the proposed Maharlika Investment Fund and that investments that will be made through it would be protected. | DYGalvezINQ
“We would like to let the public know that this is an opportunity for us to be able to push the country to grow,” Veloso said in the OPS-released statement.
“Whatever investments we make here are going to accrue to the members of the Government Service Insurance System and we are there at the Maharlika Board to make sure the investments are protected while at the same time help in nation-building,” he added.He further assured the public that GSIS officials will make sure the MIF will be invested properly and that there are “various layers of transparency” to ensure that the money are “protected and invested properly.
Under House Bill No. 6398, the government would mainly utilize funds from government-owned and controlled corporations to create a pooled budget that the proposed Maharlika Investment Corp. will tap to make investments here and abroad.
House Bill No. 6398 is eyeing to put P275 billion seed money to the MIF which will be derived specifically from the GSIS , Social Security System , Land Bank of the Philippines , Development Bank of the Philippines and the General Appropriations Act .
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