House Speaker Ferdinand Martin Romualdez believes the country is already late in setting up a sovereign wealth fund, as many developing countries have used this formula to attract investments and bankroll projects. | GabrielLaluINQ
Will SC ruling on Gigi Reyes’ case set a precedent for Leila de Lima? ‘Possible,’ says Remulla
“But the Filipinos cannot wait, we have to bring down the cost of electricity, the cost of power, the cost of oil, we have to bring in developmental projects, not just infrastructure, we have to bring agriculture products in, we have to make sure there’s food security, we cannot wait. President Marcos would not sit on his hands, he has no time to just waste time,” he added.
As to the views of the Senators who are against the said proposed bill, Romualdez urged them to study it and air their grievances during deliberations. “We passed it in the House with all due respect, it’s been already filed in the Senate, for all those Senators who may have their contrary clause, just read the bill, and deliberate it in the Senate and let’s take it from there,” he noted.
It was not mentioned who among the Senators have opposed the proposed Maharlika bill, but no less than the President’s sister, Senator Imee Marcos, has raised concerns about the bill.Senator Risa Hontiveros said last Monday that it was premature, warning the President that such a move would make him look amateurish considering that he would be soft-launching a measure that may be subject to changes once considered in the Senate.
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