Senator Mark Villar on Thursday said there are safeguards set in place against officials and employees who will use the Maharlika Investment Fund (MIF) as a tool to squander public money.
Senator Mark Villar on Thursday said there are safeguards set in place against officials and employees who will use the Maharlika Investment Fund as a tool to squander public money.
“Mabigat talaga ang parusa. Kasama na ‘yan sa bill, sa mga safeguards na nilagay namin na meron talagang mabigat na parusa ‘pag may mga officers o mga employees na gumawa ng kalokohan,” he added.On the same day, during the bicameral conference committee meeting, theAsked when he thinks President Ferdinand Marcos Jr. would sign the bill if ever, Villar said the decision will be known “very soon.”
Among the major amendments introduced to the bill was the absolute prohibition of the use of funds of the Government Service Insurance System , Social Security System , Philippine Health Insurance corporation, Pag-IBIG, Overseas Workers Welfare Administration , Philippines Veterans Affairs Office in the capitalization and investments in the Maharlika fund.
“Sa tingin ko hindi naman high risk ‘yung Maharlika. Medyo low risk pero maganda ang yield. Hindi naman low yield. Medium yield siguro pero low risk… Ayaw din natin ng masyadong high risk,” he said.
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