Speaker Ferdinand Martin Romualdez on Sunday underscored the urgency of establishing the proposed Maharlika Investment Fund (MIF), saying it would help solve many of the country’s headaches like the perennial high cost of electricity and fuel. READ:
Speaker Ferdinand Martin Romualdez on Sunday underscored the urgency of establishing the proposed Maharlika Investment Fund , saying it would help solve many of the country’s headaches like the perennial high cost of electricity and fuel.
Senate President Juan Miguel Zubiri asked Senator Mark Villar to call for a hearing on the MIF and said he expects the bill to pass on final reading after the Holy Week. But Senate Minority Leader Senator Aquilino Pimentel III said the latest amendments to the proposed law creating the MIF showed that the administration and the lawmakers pushing for it did not conduct enough research.
“This is not mentioned in the SONA, and not on the list of LEDAC priorities,” he added, referring to the President’s State of the Nation Address and the Legislative Executive Development Advisory Council.The MIF bill was approved by the House of Representatives on third and final reading last Dec. 15, 2022.
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