
Marcos Jr. urges senators to scrutinize Maharlika bill: ‘We have to get it right’
President Ferdinand Marcos Jr. instructed senators to thoroughly scrutinize the proposed Maharlika fund.
President Ferdinand Marcos Jr. instructed senators to thoroughly scrutinize the proposed Maharlika fund.
House Deputy Minority Leader and Bagong Henerasyon Rep. Bernadette Herrera on Friday warned of a possible violation of the Charter of the Bangko Sentral ng Pilipinas if it contributes to the Maharlika Fund.
The proponents of the Maharlika Wealth Fund (MWF) bill have removed the President as the chairperson of the body that will manage the sovereign wealth fund. The country’s Finance Secretary will instead lead the 15-member board.