House Speaker Martin Romualdez on Monday revealed the corporation that will arise from the MIF will rely on the Philippine Stock Exchange for investment plans. | JMangaluzINQ
According to Romualdez, capital markets have a role in supporting the national development agenda.“The corporation that will be created to manage the Maharlika Investment Fund will invariably look to the PSE in its search for blue chip investment opportunities, from which handsome dividends may be generated – dividends which shall be channeled to fund the government’s strategic social programs towards the achievement of the nation’s larger development goals,” said Romualdez in a statement.
The house leader made the remark after his cousin, President Ferdinand “Bongbong” Marcos Jr., wrote to Senate President Juan Miguel Zubiri certifying the senate bill on MIF as urgent.
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