“It is only a matter of time before this trial balloon completely loses air, because, as this retraction shows, we don’t need and can’t afford a sovereign wealth fund,” Hontiveros stated. READ:
“Ang sabi, aarangkada ang Land Bank pagdating sa private sector investments sa value chains, na papakinabangan ng agrarian reform beneficiaries na ngayon ay baon na baon sa utang. Ang sabi rin, DBP ang mangunguna sa pagtugon sa mabilis na pagtaas ng bilihin sa pamamagitan ng industrialization at import substitution,” said Hontiveros.Hontiveros also recounted the Finance Secretary’s statement that the BSP will release foreign reserves if there is an attack on the Philippine Peso.
“Saan pupulutin ngayon ang mga pangakong ito? Kung kailan naman nakikinig ang sambayanan, saka naman tingi-tingi ang paghahain ng mga probisyon ng Maharlika Fund bill. Huwag sanang sayangin ang panahon at tiwala ng mga Pilipino.” Hontiveros said.The senator has previously criticized the bill, saying that it revived the mythmaking legacies of late former president Ferdinand Marcos Sr.’s Martial Law “to the detriment of accountability for human rights violations and plunder of the past.
“Salamat at kahit paano ay nahimasmasan ang proponents nitong Maharlika Fund,” said Hontiveros in her new statement.Some of the bill’s leading proponents are Ilocos Norte 1st District Rep. Ferdinand Alexander “Sandro” Marcos and House Speaker Ferdinand Martin Romualdez, son and cousin of President Ferdinand “Bongbong” Marcos Jr., respectively.
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