Leyte Rep. Richard Gomez said it’s for the good of the country. /PDI
TACLOBAN CITY — Leyte Rep. Richard Gomez has expressed support for the controversial Maharlika Investment Fund , saying it’s for the country’s good.
Gomez, representing the province’s fourth district, however, admitted that the measure still needs some “fine-tuning” to make it more acceptable to the public.“The proposed bill must be thoroughly studied. If there’s no problem anymore, then I will give my affirmation to it,” he said. The Leyte lawmaker said Congress listens to the clamor of the public, citing the decision to drop the pension funds from the Social Security System and the Government Service Insurance System as sources of funding for the Sovereign Wealth Fund amid public outcry.
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.
Will Maharlika get off the ground?Sometimes the noblest intentions do not necessarily end up with spectacular results. Or even just popular acceptance. But maybe we
Read more »
‘Earnings from Malampaya must go to Maharlika fund’“We would highly recommend that all potential government earnings from prospective undersea gas development projects – excluding those from Malampaya – should accrue to the MIF,” he said. READ:
Read more »
Marcos: Maharlika Fund advantageous ‘for sure’President Ferdinand Marcos Jr. on Monday broke his silence on the proposed Maharlika Wealth Fund, saying he believes it would be advantageous for the Philippines amid apprehension from several groups.
Read more »
Marcos breaks silence, says Maharlika fund advantageous 'for sure'President Ferdinand Marcos Jr. broke his silence on the Maharlika Wealth Fund on Sunday, December 11, saying that the controversial proposal is advantageous to the Philippines. Full story:
Read more »
FAST FACTS: What is the Maharlika Investment Fund?(1st UPDATE) Lawmakers have significantly stripped down the Maharlika Investment Fund's capital, and changed its board structure. Here are the latest revisions to the proposal.
Read more »
Ex-cabinet execs join call to scrap Maharlika Fund - BusinessMirrorLAMENTING the weak justification and objectionable features of the proposed Maharlika Wealth Fund (MWF), former Cabinet officials have backed opposers, on grounds of its “lack of principles of prudential regulation and risk management, conflict-of-interest avoidance, transparency and accountability.” Fellows and members of economic think tank Action for Economic Reforms (AER), faculty members and professor emeriti
Read more »