SENATE President Juan Miguel 'Migz' Zubiri on Friday said that a bill filed at the House of Representative seeking to create a Philippine sovereign wealth fund or the 'Maharlika...
SENATE President Juan Miguel 'Migz' Zubiri on Friday said that a bill filed at the House of Representative seeking to create a Philippine sovereign wealth fund or the 'Maharlika Investments Fund ' will be carefully studied.
'We must first ensure that the Sovereign wealth fund is necessary and if so, we need to ensure that it is managed properly and the safeguards are in place so that it would not be misused or prone to corruption,' the Senate chief added.'We owe that to the public, as this fund will involve public funds borne out of the taxes from the sweat and tears of our people. We must make sure that there is full transparency and efficient utilization of this Fund,' he stressed.
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