ICYMI: 'Of course, it’s been politicized, but the whole point of this exercise is that this corporation will be free from politics. That’s why it needs to be run by technocrats, wala silang interesado sa politika,' Marcos said.
“Yes, the president will be the chairman of the board. But you have to look at it beyond this administration. This isn’t something for the next six years. If you look at the success of what these sovereign wealth funds have done, you cannot dispute naman. Look at Indonesia, one year pa lang silang nakatayo, ang laki na ng kita ng sovereign wealth fund nila,” he added.
“Tawag na nga sa atin, the rising star of the Asean region. So let’s use that to our advantage. Let’s make sure that if we are the rising star of the Asean region, let the proper investments come in from the proper people, and I think that the sovereign wealth fund is a conduit to be able to do that,” he added.
Another author in Marikina 2nd District Rep. Stella Quimbo, assured that GSIS would only use funds not included in its expected benefits pay for a year.Rep. Marcos also assured the public that they would be ready to defend the bill — whether with the press or in the plenary. However, he said he is willing to defer to two of the best economic minds in the House, Albay 2nd District Rep. Joey Salceda and Marikina 2nd District Rep. Stella Quimbo.
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