There is a chance that the proposed sovereign wealth fund of the Philippines may get approved after Easter Sunday or April 9, House of Representatives Speaker Ferdinand Martin Romualdez said. | GabrielLaluINQ
“So that’s why we’re able to pass it very, very quickly because we accepted all the amendments that we could and there’s ownership by most, not all, the Congressmen and that’s how it passed. And I have a funny feeling in the Senate it will pass soon. Maybe after Easter tapos na yan ,” he added.
The House last December 15, 2022 passed HB No. 6608 on the third and final reading, on the same day it was passed on second reading as President Ferdinand “Bongbong” Marcos Jr. certified the bill as urgent. Earlier, Romualdez and other House officials filed HB No. 6398 — the original version of HB No. 6608 — a SWF which the government can tap for investments both local and abroad.
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