House Speaker Martin Romualdez is insisting that the proposed Maharlika Investment Fund–controversial as it is–remains an urgent piece of legislation, saying it would help solve many of the country’s problems like high electricity rates and costly fuel.
House Speaker Martin Romualdez is insisting that the proposed Maharlika Investment Fund –controversial as it is–remains an urgent piece of legislation, saying it would help solve many of the country’s problems like high electricity rates and costly fuel.“Filipinos cannot wait. We have to bring down the cost of electricity, the cost of power, the cost of oil,” Romualdez told Manila-based reporters in Zurich, Switzerland on Friday, Jan.
The House leader was part of Marcos’s official delegation to the forum, which ran from Jan. 16 to 20. Key world leaders and the business elite took part in the WEF. Embodied in House Bill No.6608, the MIF was passed by the Romualdez-led House on third and final reading last Dec. 15. The other legislative chamber, the Senate, has yet to take it up.
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