Speaker Martin Romualdez and House Secretary General Reginald Velasco have signed the Maharlika Investment Fund bill and transmitted the signed copy to the Senate on Monday.
the pre-LEDAC meting in Makati City late Monday to discuss priority measures for the Second Regular Session of the 19th Congress. Ver Noveno
Romualdez, the principal author of the bill, earlier said the amendments introduced to the measure, specifically the inclusion of more safeguards against possible abuse and fraud, were “our way of addressing the concerns of our people.” Their initial contributions are P50 billion for Land Bank, P25 billion for DBP, and 100 percent of dividends the BSP will give the national government.Congress has removed the Social Security System and Government Service Insurance System, which are pension funds for the private sector and government workers, from the list of contributors.
The board will be chaired by the secretary of finance, with the corporation’s chief executive officer, Land Bank president, DBP president, seven members to be nominated by MIF contributors commensurate to their contributions, and four independent directors.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate, House leaders tackle priority measures for upcoming 19th Congress' Second Regular SessionSenate President Juan Miguel 'Migz' Zubiri and House Speaker Martin Romualdez met on Monday, July 3 to discuss the priority bills to be passed in the coming Second Regular Session of the 19th Congress. | ManilaBulletin
Read more »
Maharlika, Grab showcase next PBBM economic stance | Lito U. GagniPresident Marcos’s economic stance in his second year in office can be gleaned from his push for Maharlika Investment Fund and for innovations in the economic field that can be showcased with the rise of the digital platform of Grab, which helps not only the drivers but the MSMEs or…
Read more »
Zubiri insists: No tampering with Maharlika bill | Butch FernandezREAD his lips: There was no tampering of the enrolled bill of the Maharlika Investment Fund (MIF), as alleged by critics, and Senate President Miguel Zubiri is confident that the measure, if enacted into law, can withstand legal challenge. Fielding questions at the Senate Kapihan Thursday on his return from…
Read more »
Maharlika fund bill ready for Marcos' signature this week —ZubiriThe Maharlika Investment Fund bill, which seeks to tap state assets for investment ventures in hopes to generate additional public funds, will be sent to the Palace this week for President Ferdinand Marcos, Jr.’s signature, Senate President Juan Miguel Zubiri said Tuesday.
Read more »
LOOK: President, Speaker roll out activities during Pampanga visitSpeaker Martin Romualdez joined President Ferdinand Marcos Jr. during the Chief Executive’s visit in Pampanga, which was highlighted by a series of activities including the celebration of the PAF's 76th founding anniversary.
Read more »
Jinggoy seeks Senate probe on fake celeb endorsement of medicinesSenator Jinggoy Ejercito Estrada has sought a Senate inquiry into the “alarming” proliferation of fake celebrity endorsements of various unregistered food and drug products on social media.
Read more »