[OPINION] Maharlika Wealth Fund: A serious 'trigger warning'

Given the wealth funds’ current form of diverting the people’s pension funds, this axiom alone should serve as a strong trigger warning. | via philstarlife

As Arroyo’s words imply, a strong sense of accountability is demanded or the whole edifice crumbles to the ground sooner than later, risking untold losses for millions of Filipinos. Impunity will only make matters much worse than it already is.

For who in this administration, may I respectfully ask, will throw the President in jail should the performance fail? I need a show of hands.This dearth in trust forms the strong undercurrents of all arguments presented against the Maharlika Wealth Fund. It’s bad enough that we’re creating the image of false wealth. Adding to this a false sense of security and accountability belies even the noblest of intentions.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PhilippineStar /  🏆 7. in PH

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.

EXPLAINER: What is the 'Maharlika fund' and why is it raising concern among critics, including Marcos' sister?What would happen if the Maharlika Wealth Fund would be enacted into a law? | via philstarlife
Read more »

Sovereign wealth funds and PH’s Maharlika FundA sovereign wealth fund (SWF) is a state-owned investment fund that consists of money generated by the government, often derived from a country’s surplus reserves. SWFs provide benefits to a country’s economy and its citizens.
Read more »

‘Maharlika Fund’ pilloried; wealth tax seen better bet - BusinessMirrorIF the government is looking for a way to raise much-needed revenues, Ibon Foundation Inc. said creating the Maharlika Investment Fund (MIF) would not be the best way to do it. Ibon Executive Director Jose Enrique A. Africa said it is better for government to consider the proposal of civil society organizations to impose a
Read more »

Sandro denies 'railroading' of Maharlika Wealth FundSenior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos refuted claims Monday, Dec. 5 that the proposed P275-billion Maharlika Wealth Fund (MWF) is being “railroaded” in the House of Representatives.
Read more »

Maharlika Wealth Fund wasn't PBBM's brainchild--SandroThe proposed P275-billion Maharlika Wealth Fund (MWF) wasn’t the idea of President Ferdinand “Bongbong” Marcos Jr. per se.
Read more »

Gov’t told: Give sufficient aid to poor instead of pushing for corruption-prone Maharlika wealth fundBrosas urged the government to heed the call to provide direct and sufficient aid to poverty-stricken Filipinos instead of directing its efforts toward the creation of the controversial Maharlika sovereign wealth fund. | BPinlacINQ
Read more »