President Ferdinand 'Bongbong' Marcos Jr. has allayed lingering concerns over the proposed Maharlika Investment Fund, saying it will be independent from government and will be managed by finance experts. ManilaBulletin
President Ferdinand "Bongbong" Marcos Jr. has allayed lingering concerns over the proposed Maharlika Investment Fund, saying it will be independent from government and will be managed by finance experts.Marcos recognized that there have been cases of unsuccessful investment funds, and pointed out that management is crucial to any fund's success.
He said that one of the first changes that he proposed to the House was to remove the President, Central Bank Chairman, and the Department of Finance as part of the board "because it has to operate as an independent fund well-managed professionally." The President did not dismiss the lingering fears from the public, saying "you must worry about that" but the only way that the fund will not get into trouble is for it to be "well and professionally managed."
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.
Production woes hound DA's Kadiwa program—MarcosThe government's Kadiwa program continues to face productivity issues, President Ferdinand 'Bongbong' Marcos Jr. said. | ManilaBulletin READ:
Read more »
Marcos underscores need to address soil degradation in PHPresident Ferdinand "Bongbong" Marcos Jr. underscored on Wednesday the need to address soil degradation.
Read more »
Bongbong Marcos urged anew: Veto Maharlika bill, it’s likely ‘unconstitutional’MANILA, Philippines — Senate Minority Leader Aquilino “Koko” Pimentel has again cautioned President Ferdinand Marcos Jr. against signing the Maharlika Investment Fund (MIF) bill. This is
Read more »
Rocky road to Malacañang: Maharlika bill inches closer, but still not sent for President’s approvalDespite the swift approval of the Maharlika Investment Fund bill in Congress, the controversial measure is still not yet on the table of President Ferdinand Marcos Jr. for his approval. | BPinlacINQ
Read more »
Maharlika bill moves forward, but still not sent for President’s approvalMANILA, Philippines — Despite the swift approval of the Maharlika Investment Fund bill in Congress, the controversial measure is still not yet on the table of President Ferdinand Marcos Jr. for
Read more »
Maharlika up for Palace transmittalThe Maharlika Investment Fund (MIF) Act, which was certified urgent by President Ferdinand Marcos Jr., and two other enrolled bills
Read more »