ICYMI: Presidential son and Ilocos Norte 1st District Rep. Sandro Marcos has defended the proposed Maharlika Investment Fund, saying such an idea has been floated by past administrations.
“Well, this isn’t a new idea if you think about it. Sec. Diokno already said they were looking at it during the time of Duterte. If I’m not mistaken, former senator Bam Aquino filed a bill in 2016 trying to do the same thing; my guess is it was not passed because the administration of former president PNoy was about to end at that time. I believe Senator JV also filed a bill; it’s not a new idea,” he said.
Marcos, President Ferdinand “Bongbong” Marcos Jr.’s first-born son said they are lucky that the bill proposing an SWF was filed early into the administration. Z”{[[[4As to the claims that the House is railroading the measure, the younger Marcos disagreed, saying that the bill is going through the proper legislative process.
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