Senator Alan Peter Cayetano has appealed to the Senate leadership to focus on the country's more pressing issues rather than the proposed Maharlika Investment Fund Act.
Senator Alan Peter Cayetano has appealed to the Senate leadership to focus on the country's more pressing issues rather than the proposed Maharlika Investment Fund Act.
The letter was inserted into the records on Wednesday, the same day when the upper chamber started deliberations on the MIF bill. Last week, Pimentel's motion to refer the MIF bill to the committee on government corporations and public enterprises was rejected. "These new provisions, if enacted into law, are not present in the charters of the GOCCs and would effectively amend the same. Based on the rules of the Senate, the GOCC committee has jurisdiction over all questions affecting GOCCs, including all amendments to their charters, the interests of the government in the different industrial and commercial enterprises, and privatization," he said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cayetano on Maharlika bill being endorsed to Marcos ally: Senate should be independent“The Senate should be independent.” This was the remark of Senator Alan Peter Cayetano after the upper chamber referred the discussion of the Maharlika Investment Fund bills to the panel of the administration’s ally. | DFernandezINQ
Read more »
Senate to propose ‘perfecting amendments’ to House version of Maharlika Fund billThere is no assurance that the Senate will pass the House of Representatives&39; version of the bill creating the Maharlika Investment Fund (MIF) as the measure is still a "work in progress," Senate President Juan Miguel Zubiri said Tuesday.
Read more »
LIVE: Senate public hearing on the controversial Maharlika fundWatch the first Senate public hearing on the Maharlika fund proposal at 10 am (Manila time) on Wednesday, February 1.
Read more »
Senate begins Maharlika fund debatesMANILA, Philippines — The Senate began debating on the controversial Maharlika Investment Fund bills on Wednesday. Senate Bill No. 1670 and House Bill No. 6608, measures seeking the
Read more »
Bank funders’ claim on Maharlika returns questioned in Senate - BusinessWorld OnlineThe government banks providing capital to the Maharlika Investment Fund (MIF) have no clear claim on the fund’s returns in the bill setting up the proposed sovereign wealth fund, a Senate committee heard. READ:
Read more »
Insulate Maharlika Fund from politics, says US think tankA sovereign wealth fund will be helpful for the Philippines’ development efforts especially if it has flexibility in funding sources and is insulated from politics, according to United States-based nonprofit Milken Institute. |jiandradeINQ RonWDomingoINQ
Read more »