“The only people pushing for the urgent passage are its proponents,” says Alliance of Concerned Teachers Party-list Rep. France Castro. | GabrielLaluINQ
“There is no necessity to certify as urgent the Maharlika Investment Fund. it is not needed by the people who are already deep [in] debt, who are finding it difficult to make ends meet due to the rising prices of goods and the low salaries. The only people pushing for the urgent passage are its proponents,” she stressed.
Among others, the party-list lawmaker inquired if the MIF could be tapped to fund development projects like the Kaliwa dam, which they believe is disadvantageous to the environment and the indigenous peoples. “They have not given an assurance that the SSS and GSIS funds would not be used by this fund now or in the future; Can it be used for money laundering considering that it is such a huge fund and any company dummy or otherwise can invest in it; Such a bill should not be rushed considering that it is not even a month old and it should be used just as a bragging point in the international community in Davos,” she added.
The nearly 250 backers of the controversial proposal could be enough to fulfill the requirements on both circumstances.
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