Economic managers brief senators on Maharlika fund
Economic managers briefed senators yesterday on the proposed multibillion-peso Maharlika Investment Fund, a priority measure of the Marcos administration that is meeting some resistance in the Senate......»»
‘Maharlika to have 6 to 11% yield in 10 years’
The Senate committee on banks and financial institutions wrapped up yesterday its hearings on the proposal to put up a Maharlika Investment Fund that economic managers said can have an average yield of anywhere between six percent and 11 percent in 10 years......»»
Maharlika’s political risk
Desperate to get credible support for putting up the Maharlika Fund, the administration’s economic managers tapped the Milken Institute to bless it. They got it, sort of......»»
Outright jail vs agri smugglers
The economic managers of President Ferdinand “Bongbong” Marcos Jr. are scheduled to present today before the Senate the administration’s version of the proposed multibillion-peso Maharlika Investment Fund......»»
Diokno bucks removal of bank funds for MIF
Finance Secretary Benjamin Diokno is against proposals to scrap the planned contributions of the central bank and state-run banks to the Maharlika Investment Fund, as he maintained their contributions’ potential to contribute to economic growth......»»
Hilaw
The first Senate hearing on the Maharlika sovereign wealth fund showed it was an idea that has not been sufficiently thought out. Kulang sa staff work. It didn’t take much for a few senators to punch it full of holes......»»
Questions swarm Maharlika Investment Fund as it lands in Senate
Senators took turns in examining the Marcos administration’s proposed Maharlika Investment Fund, with concerns about investment gains and governance structure brought to the fore......»»
‘Maharlika fund must be scrutinized to last comma, period’
Senators agree that the bill creating the Maharlika Investment Fund requires scrutiny down to the last period, transparency in discussing it and no pressure of approving the measure in a given time......»»
Let taipans fund Maharlika
Malacanang claims that Junior, together with his economic advisers and seven top taipans of Philippine business, promoted the Maharlika Fund in Davos. We shouldn’t hold our breath that they convinced anyone......»»
Senators welcome free hand on Maharlika
Senators welcomed yesterday pronouncements from President Marcos asking them to scrutinize carefully the proposed Maharlika Investment Fund bill, saying this will lead to a well-crafted law......»»
Senate minority: No Maharlika fund to soft launch while bill still pending
"The bill establishing such a sovereign wealth fund has not yet been deliberated at the Senate — isn't it jumping the gun to be talking about it in front of world economic leaders?," Sen. Risa Hontiveros said Monday......»»
Marcos to pitch Maharlika fund in soft launch at World Economic Forum
The proposed Maharlika Wealth Fund will be “soft launched” by President Ferdinand “Bongbong” Marcos Jr. while attending the World Economic Forum next week......»»
Cebu solon: Selecting ‘quality fund managers’ key to Maharlika’s success; militant group wants it junked
CEBU CITY, Philippines – A lawmaker from Cebu said that having ‘quality fund managers’ for the controversial Maharlika Investment Fund (MIF) would help it become an effective vehicle for investment. But militant groups here continue their calls to junk the country’s proposed sovereign wealth fund, saying it puts people’s money at risk of corruption. Cebu […] The post Cebu solon: Selecting ‘quality fund managers’ key to Maharlika’s success; militant group wants it junked appeared first on Cebu Daily News......»»
Senate to study Maharlika fund as minority warns against rush
Senators said they will “definitely be studying” the controversial Maharlika Investment Fund after President Marcos certified it as urgent......»»
Hands off BSP reserves
We may yet see the day when we will need sufficient reserves in the BSP and regret tying up or losing what we had in this Maharlika Wealth Fund. It could be soon, given the volatility of the international economic and financial environment......»»
Zubiri: Removing SSS, GSIS from Maharlika seed money ‘step in right direction’
Speaking to reporters, Zubiri said he relayed to President Ferdinand Marcos Jr. two weeks ago that the proposal to include money from the Social Security System and the Government Service Insurance System to set up the Maharlika fund caused “friction” among senators......»»
Philippines seen to book weaker BOP, lower GIR next year
The Philippines is expected to post a weaker external payment position and lower foreign exchange buffer next year amid the push by government economic managers for the creation of a sovereign wealth fund......»»
Economy-boosting Maharlika fund to be closely monitored – Villar
The proposed Maharlika Investment Fund will help ensure the country’s sustained and long-term growth through investments in big-ticket infrastructure and green projects, and will be closely monitored using global accounting and auditing standards, Sen. Mark Villar said yesterday......»»
Senate wants con-ass, only for economic provisions
The push for Charter change may succeed in the Senate if it is guaranteed that the amendments cover only the restrictive economic provisions and that it is done through a constituent assembly, senators said yesterday......»»
Singapore’s Temasek eyes investment in Maharlika fund
Temasek Holdings Ltd., the nearly five-decade-old sovereign wealth fund of Singapore, has reportedly expressed interest in investing in the proposed Maharlika Investment Fund, the Philippines’ own version still being deliberated by lawmakers......»»
OKBet-MPBL playing key role
The OKBet-Maharlika Pilipinas Basketball League is not just about a battle for regional supremacy but a venue to help spur economic development by providing opportunities to players and livelihood to all local government units taking part in the league......»»