The proposed sovereign wealth fund dubbed as Maharlika Investment Fund (MIF) will be free from politics, one of its authors, House Senior Deputy Majority Leader Sandro Marcos, said Monday.
House Bill 6398
The same bill provides that the incumbent Philippine president will sit as chairman of the MIF board. In addition, the younger Marcos said that the proposal for a sovereign wealth fund is not unique to his father's administration. Senate finance panel chairperson Sonny Angara, for his part, said the Maharlika Fund is a high-risk, high-reward endeavor that needs safeguards.
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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.
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'Unconstitutional?' Salceda defends 'Maharlika' fund amid Carpio's commentsOnce again, Albay 2nd district Rep. Joey Salceda felt compelled to respond to a known personality’s comment on the proposed P275-billion Maharlika Wealth Fund or MWF.
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