Senate President Juan Miguel Zubiri on Thursday expressed hope that the House of Representatives will adopt the Senate version of
the Maharlika Investment Fund bill, which he said would include more safeguards to avoid possible misuse.
Because the bill was certified by President Marcos as urgent, the senators can approve it on second and third reading in the same week. On Wednesday night, during the interpellation of the bill, SenatorSherwin Gatchalian batted to exclude the Bangko Sentral ng Pilipinas as a source of capital, noting that it has yet to achieve its full capitalization.
Finance Secretary Benjamin Diokno, meanwhile, said it was a positivedevelopment that the President certified as urgent the Senate version of the Maharlika Investment Fund bill.“First, the Maharlika Investment Fund will strengthen the economy’sresilience through investment-led growth. This is especially pertinent now amid a possible slowdown in the world economy, which the IMF predicts will grow by a mere 2.8 percent this year,” he said.
In his letter to Zubiri on May 22, the President tagged as high priority Senate Bill 2020 or the proposed MIF bill.
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