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Diwa Gunigundo, former Bangko Sentral ng Pilipinas deputy governor —PHOTO FROM pna.gov.ph
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December 20, 2022January 6, 2023Economy, Politics

Continue to oppose Maharlika Investment Fund, says ex-central bank official

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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...

‘Maharlika Wealth Fund’: wrong in principle, thus beyond repair
A public school teacher joins a rally opposing a House bill establishing the Maharlika Wealth Fund in Mendiola, Manila, last Dec. 9. The protesters also called for the release of teachers' benefits and salary increases. —CONTRIBUTED PHOTO
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December 12, 2022December 14, 2022Economy, Politics

‘Maharlika Wealth Fund’: wrong in principle, thus beyond repair

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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....