Governance Commission for GOCCs backs Maharlika Investment Fund bill

The Governance Commission for Government-Owned and -Controlled Corporations (GCG) on Friday expressed support for the proposed Maharlika Investment Fund (MIF), a measure that would use GOCC assets for investment.

GCG is the agency that regulates state-run corporations.

"Pero kaisa tayo ng ating economic team sa pagsusulong ng programang ito, kahit binabantayan namin kung ano ang magiging final form," he added. The bill provides that it would be initially funded by the investible resources of state-run GOCCs like the Land Bank of the Philippines , the Development Bank of the Philippines , and the dividends and profits of the Bangko Sentral ng Pilipinas.

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