
WATCH | Marcos Jr. urges senators to scrutinize Maharlika bill: ‘We have to get it right’
President Ferdinand Marcos Jr. has asked the Senate to scrutinize the Maharlika Investment Fund bill, a measure to create a sovereign wealth fund.
President Ferdinand Marcos Jr. has asked the Senate to scrutinize the Maharlika Investment Fund bill, a measure to create a sovereign wealth fund.
Marikina City Rep. Stella Luz Quimbo said creating the Maharlika fund to generate additional revenue is better than imposing new taxes or borrowing more to finance government programs and projects.
Sen. Risa Hontiveros on Tuesday said it will be better for the government to just spend for education, healthcare and agriculture the taxpayer money that it intends to allot for the Maharlika wealth fund.
Presidential son and Ilocos Norte Rep. Sandro Marcos on Monday defended the measure seeking to establish a sovereign wealth fund to be called Maharlika Wealth Fund.
Senator Imee Marcos has expressed reservations about the proposed creation of a Philippine sovereign wealth fund, which a leader of the House of Representatives said was a brainchild of President Ferdinand “Bongbong” Marcos Jr.
The leadership of the House of Representatives has pushed for the creation of a sovereign wealth fund (SWFs) to maximize the profitability of investible government assets for the benefit of all Filipinos.