Independent minority solon, Albay 1st district Rep. Edcel Lagman has finally spoken out about his negative vote on the Maharlika Investment Fund (MIF) Bill during the House of Representatives’ final session day of the year.
Independent minority solon, Albay 1st district Rep. Edcel Lagman has finally spoken out about his negative vote on the Maharlika Investment Fund Bill during the House of Representatives’ final session day of the year.“No avalanche of accepted amendments can cure the inherent chronic and substantial defects of the [MIF],” Lagman, president of the Liberal Party , said in a statement Saturday, Dec. 17.
Embodied in House Bill No.6608, the MIF was passed on third and final reading last Thursday, Dec. 15 via nominal vote result of 279-6-0 . Lagman was one of the six who voted “no”. “We must bail out our people now from poverty, inflation and the dire challenges of recession, rather than investing in long-term ventures while our people may perish ahead without enjoying the promised fruits of Maharlika,” he said.
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