The Palace will now look at the structure of the Maharlika Investment Fund (MIF) bill passed by Congress on Wednesday before it is signed into law to ensure that “necessary infrastructure” projects, including energy development goals, would be funded by--
INVESTMENT PARTNER. Japan Bank International Corporation chairman Tadashi Maeda congratulates President Ferdinand Marcos Jr. for the passage of the Maharlika sovereign fund during a courtesy call at the Palace on Wednesday.
This developed as the Japan Bank for International Cooperation expressed interest in investing in the Maharlika Fund as it seeks partnerships with Philippine companies for energy development. He said there is a need to identify the specific project and determine how to switch to more efficient energy, as well as the development of new technology like hydrogen.
In the Senate during the deliberations of the controversial measure, Pimentel raised several concerns over the MIF, including its economic viability. “We are going to make the MIF work for the country,” Zubiri promised. “And I am very proud of this version because of the safeguards we put in place. No need to worry.”
“Malacanang will not do that if it will destroy our country. Who is a president or for that matter, an administration who will do measures to destroy the future of his country?” said Dela Rosa.
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