ICYMI: The Bureau of the Treasury said that measures are in place to ensure the integrity of the planned P275-billion Maharlika Wealth Fund amid mounting criticism against the measure due to the timing and risks involved with the investment instrument.
Secondly, all financial transactions will be governed by the applicable government laws, rules and regulations.
The reporting and auditing will be done upon the guidance of the advisory body in accordance with the relevant provisions of the law and its implementing rules and regulations and the International Financial Reporting Standards.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTr chief seeks close review, but cites safeguards of Maharlika Wealth Fund - BusinessMirrorNATIONAL Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed Maharlika Wealth Fund (MWF) while pointing out that the current version of the fiscal measure already has numerous safety measures to ensure prudent use of national government’s coffers. “We support the calls to study the bill to ensure that risk management
Read more »
Maharlika fund to be protected by safeguards, says BTr chiefThe Bureau of the Treasury said that measures are in place to ensure the integrity of the planned P275-billion Maharlika Wealth Fund amid mounting criticism against the measure due to the timing and risks involved with the investment instrument.
Read more »
‘No’ to Maharlika fundMSGallery ‘No’ to Maharlika fund Members of the militant group Bagong Alyansang Makabayan (BAYAN), trooped to the House of Representatives to urge lawmakers to junk the Maharlika Wealth Fund (MWF). The MWF aims to use SSS and GSIS pension funds--
Read more »
Amid members’ uproar, GSIS, SSS dropped from ‘Maharlika’ - BusinessMirrorLEADERS of the House of Representatives and economic managers have agreed to remove the Government Service Insurance System (GSIS) and Social Security System (SSS) as fund contributors to the proposed Maharlika Wealth Fund (MWF) and instead utilize profits of the Bangko Sentral ng Pilipinas (BSP). Marikina Rep. Stella Quimbo, one of the principal authors, made
Read more »
Quimbo: Initial Maharlika funding around P150 billion sans GSIS, SSS contributionThe initial funding for the proposed Maharlika Wealth Fund (MWF) bill, which seeks to grow excess funds of state-run financial institutions via investments, could reach around P150 billion, House appropriations panel senior vice chairperson Stella Quimbo said Thursday.
Read more »
Koko sees 'more difficult time' for Maharlika fund bill in SenateSenate 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.
Read more »