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Proposed Maharlika fund loses support of PCCIThe PCCI is now urging the government to reconsider the creation of the SWF, reversing its position last week as the first major private sector association to support the proposal contained in House Bill No. 6398, or the Maharlika Investments Fund Act.
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PCCI, major business groups: Not the right time for Maharlika fundThe Philippine Chamber of Commerce and Industry has joined other major business groups in questioning the proposed Maharlika fund. The PCCI says unstable market conditions make it a poor time to start.
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Maharlika Investment Fund money must come from ‘wealth tax’ – groupA progressive group is seeing no problem with the proposed sovereign wealth fund or Maharlika Investment Fund if the money for it would come from a wealth tax and not from income generated by state-owned insurers. | GabrielLaluINQ
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Ex-solon warns: Not enough safeguards to avoid corruption in Maharlika Wealth FundThe proposed Maharlika Wealth Fund does not have enough safeguards to protect it from possible abuse and loss of capital, an ex-lawmaker said as a warning to the public and his former colleagues in Congress. | GabrielLaluINQ
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Poor need ample aid, not corrupt-prone Maharlika wealth fund, gov’t toldMANILA, Philippines – Gabriela Rep. Arlene Brosas on Monday urged the government to respond to the desperate pleas of poverty-stricken Filipinos by providing them with direct and sufficient aid
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Let technocrats run Maharlika wealth fund to avert politics – Sandro MarcosMANILA, Philippines — To ensure that the proposed Maharlika Investment Fund (MIF) remains non-partisan, Ilocos Norte 1st District Rep. Sandro Marcos said on Monday that technocrats should be at
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