By Billy Begas
Speaker Ferdinand Martin Romualdez on Monday said the corporation that will manage the Maharlika Investment Fund (MIF) will invariably look to the Philippine Stock Exchange (PSE) in search of blue chip investment opportunities.
Romualdez made the statement in a speech during the inauguration of the PSE Event Hall and Ayala Corporation’s follow-on offering listing ceremony at the PSE Tower in Bonifacio Global City, Taguig City.
“Our strong belief in the important role of capital markets in supporting the national development agenda is also the driving force behind our proposed establishment of the Maharlika Investment Fund,” Romualdez said.
“The corporation that will be created to manage the Maharlika Investment Fund will invariably look to the PSE in its search for blue chip investment opportunities, from which handsome dividends may be generated – dividends which shall be channeled to fund the government’s strategic social programs towards the achievement of the nation’s larger development goals,” he added.
The House of Representatives has already approved its version of the MIF bill while the Senate is expected to pass its version before the sine die adjournment this week.
“I am glad to see that the people behind the PSE are not resting on your laurels and are still exercising your entrepreneurial mindset with this latest endeavor. I am certain that the PSE Events Hall will soon be the venue for many groundbreaking business offerings,” Romualdez said.
“We hope that the PSE and the business sector as a whole is one with the House of Representatives as we push for these and other strategic legislative initiatives, knowing that the advancement of the marginalized sectors of Philippine society not only leads to greater returns but more importantly, ensures a bright future for all Filipinos,” he added.
PSE President and CEO Ramon Monzon thanked Speaker Romualdez for his support to promote the country’s capital market, as he cited the need for new products and active regulations to improve liquidity.
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