Last May 31, with lightning speed, the Senate passed the controversial Maharlika Investment Fund (MIF) bill in a plenary session that ran until 2 a.m. Until the end, critical lawmakers’ questions were unanswered and their concerns unaddressed. Because the House of Representatives subsequently accepted the Senate version in its entirety, the bill was no longer...
Tag: Maharlika Investment Fund
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Continue to oppose Maharlika Investment Fund, says ex-central bank official
As the battle shifts to the Senate after the House of Representatives overwhelmingly approved the bill creating the Maharlika Investment Fund (MIF), a former official of the Bangko Sentral ng Pilipinas (BSP) has called on the public to amplify its objections to the measure. Diwa Guinigundo, BSP deputy governor until 2019, said that while the...
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‘Maharlika Wealth Fund’: wrong in principle, thus beyond repair
Let us reflect on process and progress. The more common source of failure to progress is “circling”—moving round and round in circles, only to arrive at the original location. Many things have been said about the proposed “Maharlika Wealth Fund” (MWF). Now the framers are scrambling to make the legislation enabling it, House Bill No....