Senators Imee Macos and Francis 'Chiz' Escudero on Monday warned against the immediate passage of the Maharlika Investment Fund (MIF), saying that the purpose and source of funds for the proposed sovereign fund are still vague.
Senators Imee Macos and Francis "Chiz" Escudero on Monday warned against the immediate passage of the Maharlika Investment Fund , saying that the purpose and source of funds for the proposed sovereign fund are still vague.
“Kung makumpleto lahat ng mga tanong , pero isang tambak pa rin yung mga tanong. Atsaka yung problema namin, wala talagang final na final na language. At ang balita ko, pati ‘yung DOF may pinapasok pa na amendment,” she noted. The sister of President Ferdinand "Bongbong" Marcos Jr. also noted that even the foreign sovereign funds which serve as MIF’s model are currently at risk.
“Haste, makes waste. This should serve as a warning to those pushing for it because it might just be struck down and end up in the dumpsters if they proceed with it in a haphazard and nonchalant manner,” he added. Since the economic team will still propose a lot of amendments to the MIF bill, Escudero said he will clarify certain issues and seek a clean copy of the bill before voting on it.
The bill is currently under the period of interpellations, after which, senators can introduce amendments.
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