Senate Minority Leader Aquilino 'Koko' Pimentel III on Friday urged President Ferdinand 'Bongbong' Marcos Jr. to veto the proposed Maharlika Investment Fund, saying it 'is not acceptable' in its current form.
Senate Minority Leader Aquilino "Koko" Pimentel III on Friday urged President Ferdinand "Bongbong" Marcos Jr. to veto the proposed Maharlika Investment Fund, saying it "is not acceptable" in its current form.
"The bill, in its current form, is not acceptable. I am calling on the President to exercise his veto power and return the measure to Congress," Pimentel said. Pimentel said the "flaws" in the measure are "consequences of haste" as he branded the MIF as an "ill-conceived" legislation. "By returning it to Congress, it will allow us to resolve conflicting provisions and add more safeguards to protect the funds and foster transparency and accountability," Pimentel said."The MIF can be challenged before the courts and for those planning to do this, I will make myself available as a source of some facts, information and arguments," he said.
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