Senate Minority Leader Aquilino 'Koko' Pimentel III on Thursday said the proposed Maharlika Wealth Fund (MWF) being pushed by several ranking House leaders will have a difficult time in the Senate.
Senate Minority Leader Aquilino "Koko" Pimentel III on Thursday said the proposed Maharlika Wealth Fund being pushed by several ranking House leaders will have a difficult time in the Senate.
"An idea which keeps on changing because it hasn’t been thought out well and was rushed, will always have a more difficult time in the Senate," Pimentel said when asked if the proposal will have better chances in the Senate.as mandatory contributors to the proposed sovereign wealth fund.No excess revenue
"Ang gulo nila, basic na basic 'yan, 'surplus' concept and yet even without a surplus they continue to espouse a wealth or investment fund. Ano proof na no surplus? Kaya nga tayo BAON NA SA UTANG," he said. Interviewed on ANC on Thursday, Quimbo said with GSIS and the SSS dropped as sources, initial funding for the proposed MWF"I don't want to preempt how much it is going to be, pero para sa akin, P150 billion, laban na 'yun [for me, P150 billion is enough to jumpstart this]," said Quimbo, an economist and a professor.
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