Senator Juan Edgardo “Sonny” Angara on Tuesday, May 16 said he expects lengthy debates to commence when the Senate deliberates on the composition of the board of directors for the proposed Maharlika Investment Fund (MIF). ManilaBulletin
Senator Juan Edgardo “Sonny” Angara on Tuesday, May 16 said he expects lengthy debates to commence when the Senate deliberates on the composition of the board of directors for the proposed Maharlika Investment Fund .
“I think, there’ll be a lot . There’ll be the composition of the Board, who can sit? What are the powers? What are the safeguards? What are the accountabilities. What are the penalties? What are the allowable fees?” the senator said in an interview on ANC Headstart. While the MIF is one of the Marcos administration’s priority measure, Angara noted senators are keen on fine-tuning the measure, “because many senators have very strong views on the Maharlika bill.”
“If they say it’s urgent, they are the Executive Branch so we have to give respect to that certification,” he pointed out.
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