See if your district representative/partylist voted "yes" or "no" on this controversial wealth fund.

Mapped: Congress votes on Maharlika Investment Fund | Pushpins

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#Philippines #MaharlikaFund #TootSEA #map #GIS #DigitalMapping #tableau

https://www.pushpins.com.ph/congress-votes-on-maharlika-fund/

“President Ferdinand "Bongbong" Marcos Jr. on Tuesday signed into law the Maharlika Investment Fund (MIF) which will tap state assets for investment ventures to generate additional public funds.
Republic Act No. 11954 was signed despite apprehensions and concerns on the measure, with some lawmakers pointing out the MIF bill's glaring errors and discrepancies as well as its ambiguous provisions.”
#MIF #MaharlikaFund #politics #philippines
https://www.gmanetwork.com/news/topstories/nation/876116/marcos-signs-maharlika-investment-fund-bill-into-law/story/

Controversial Maharlika bill gets Senate nod.

‐- Like a thief in the night. The Senate passed the Maharlika Investment Fund bill. Sen. Hontiveros is the only one who voted no.

#Philippines #MaharlikaFund #politics
https://www.rappler.com/nation/maharlika-investment-fund-bill-gets-senate-nod/

The amount of money to be made is commensurate to the speed with which a piece of legislation is passed...

#MaharlikaFund

Guaranteeing the Maharlika Fund's debt instruments, can lead to “legacy problems” similar to those encountered by the National Development Corp., which had to write off billions of pesos in losses due to poor investments in the First Centennial Clark Corp., the National Steel Corp., Philippine National Construction Corp., the Leyte Industrial Development Estate, to name a few. #MaharlikaFund #sovereignwealthfund #FoundationForEconomicFreedom #MAP #UPSEAA

https://businessmirror.com.ph/2023/02/01/economists-businessmencite-maharlika-fund-risks/

Remember the behest loans problem under the elder Marcos?
Former central bank dep Gov Diwa Guinigundo: Nothing prevents Maharlika from lending and providing guarantees to ventures or consortiums, even to commercial real estate and ‘other investments as may be approved by the [MIF Corp.] Board.’ #MaharlikaFund

https://businessmirror.com.ph/2022/12/19/mif-may-pose-threat-to-financial-stability/

The news about #MaharlikaFund is getting murkier and murkier.

But one thing, this bill should be debunked and trashed. Let us not give more avenues for this government to steal funds.

#philippines #politics

#Some may get the impression that the opposition to MIF (Maharlika Investment Fund) bill is over one or the other provision which if dropped or reworded would save the bill. Wrong! The fact is that under weak rule of law, the MIF bill is wrong in principle and is thus beyond repair. " #SWF #MaharlikaFund

https://newsinfo.inquirer.net/?p=1703562

Philippine businesses attack Marcos sovereign wealth fund plan - Nikkei Asia

And now the house representatives are planning to remove the pension funds in the bill.

But it will be better if they scrap the bill altogether!
#philippines #politics #MaharlikaFund
https://asia.nikkei.com/Economy/Philippine-businesses-attack-Marcos-sovereign-wealth-fund-plan

Maharlika Fund: Dubious, pretentious and self-serving - IBON Foundation

"The Maharlika – the distinguished warrior class of ancient Tagalog society in Luzon – are part of the rich pre-colonial heritage of the country. Unfortunately, they are now more closely associated with among the earliest political disinformation campaigns in the country."

#philippines #MaharlikaFund #politics
https://www.ibon.org/maharlika-fund-dubious-pretentious-self-serving/?utm_source=rss&utm_medium=rss&utm_campaign=maharlika-fund-dubious-pretentious-self-serving

#Philippines #MaharlikaInvestmentFundScam

Hands off our SSS and GSIS contributions, NO TO House Bill 6398

If you’re #Filipino, take some time to learn about the #MaharlikaFund bill. And if you agree with the demands in this petition, please sign and share if you haven’t yet

https://chng.it/qPcLfQf4

#Philippines #MaharlikaInvestmentFundScam

Hands off our SSS and GSIS contributions, NO TO House Bill 6398

If you’re #Filipino, take some time to learn about the #MaharlikaFund bill. And if you agree with the demands in this petition, please sign and share if you haven’t yet: chng.it/qPcLfQf4

Sen. Nancy Binay: What is the opinion of the academe, experts, and our compatriots who will be affected by this? This is a policy that will affect us all, so I hope we don't rush passing this. Let us thoroughly discuss the pros and cons. #MaharlikaFund
https://news.abs-cbn.com/news/12/05/22/senators-seek-public-consultation-on-maharlika-fund

The Marcos troll army is getting ready to inject the #TallanoGold myth into the #MaharlikaFund discussion. 😭

https://www.philstar.com/business/2022/12/01/2227827/does-p250-b-maharlika-wealth-fund-make-sense

The Marcos troll army is getting ready to inject the #TallanoGold myth into the #MaharlikaFund discussion. 😭

https://www.philstar.com/business/2022/12/01/2227827/does-p250-b-maharlika-wealth-fund-make-sense

Gov. Medalla: [If] they say they will take the central bank’s dollars, then what will we use if the reserves are reduced because they have been taken to the sovereign wealth fund? We’ll have less ammunition the next time there is international volatility that is related to the peso and the dollar." #MaharlikaFund #sovereignwealthfund
https://www.philstar.com/business/2022/12/03/2228100/bsp-bucks-inclusion-gir-wealth-fund