Albay Rep. Joey Salceda maintained that he would not want the MIF to just be another government entity. | jiandradeINQ /PDI
The lawmaker noted that the final version of the MIF bill sent to President Marcos may be silent on public listing, but such is implied.
“It has to be a publicly listed company with strategic international partners, so it’s out in the open. Otherwise, you end up with a company like the National Development Corp.—an investment GOCC with strategic projects, but acts mostly on its own and has no public ownership.”He explained that listed companies are “subject to stricter disclosure standards. That is why, in the House version [of the MIF bill], we expressly discussed and envisioned eventual public listing.
“And of course, we should allow the public to contribute to and share in the success of the MIF. What better way than to list on the stock exchange?” he added.
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