Presidential son and Ilocos Norte Rep. Sandro Marcos shot down rumors that he will be named president and chief executive officer of the Maharlika Investment Corporation (MIC), which will manage the country’s first sovereign wealth fund.
President Ferdinand Marcos Jr. on Wednesday asked foreign investors to explore the vast opportunities available in the Philippines as he cited the newly enacted sovereign wealth fund.
President Ferdinand Marcos Jr. on Wednesday invited foreign investors to invest in the Philippines, also citing the newly enacted sovereign wealth fund.
The Bureau of Treasury approved last week the implementing rules and regulations of the Maharlika Investment Fund Act of 2023.
Political analyst Ronald Llamas called for a fair and transparent legislative process after raising concern about the reported changes made by the Senate majority on the Maharlika Fund Bill through Viber.
During the interview on “PolitiSkoop” hosted by Michael Fajatin and Ina Andolong, Llamas cautioned that the bill, if signed into law without proper scrutiny, could potentially be declared unconstitutional by the Supreme Court.
The Maharlika Investments Corp. (MIC) is expected to be fully operational before the end of the year, Finance Secretary Benjamin Diokno said.
President Ferdinand Marcos Jr. would have to accept or reject the bill creating the Maharlika Investment Fund (MIF) in its entirety after being passed by Congress, Senator Francis Escudero said.
Masmabilis pa sa maharlika! — Ronald Llamas sa pagpasa ng cha-cha resolution sa House of Representatives
The money to be invested in the proposed Maharlika Fund would be protected and used only for specific and accountable projects, President Ferdinand Marcos Jr. assured the public Monday.
President Ferdinand Marcos Jr. instructed senators to thoroughly scrutinize the proposed Maharlika fund.
