As expected, Senate Minority Leader Aquilino “Koko” Pimentel III deplored the signing law of the MIF, which he said was crafted using “unconstitutional shortcuts,” and predicted that the measure “will definitely be questioned before the Supreme Court.”
As expected, Senate Minority Leader Aquilino “Koko” Pimentel III on Tuesday deplored the signing into law of the Maharlika Investment Fund , which he said was crafted using “unconstitutional shortcuts,” and predicted that the measure “will definitely be questioned before the Supreme Court.”
In a statement, Pimentel lamented that “today is a sad day in the history of our country, as the State through the Maharlika Investment Fund, will be engaging, unjustifiably, in an economic activity which is best left to the private sector.”The Maharlika Fund concept was developed on the fly. If it were an airplane, then it was built while flying it. Thus, the law has inherent contradictions because it was rushed. Nobody knows what creature we have created.
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