Practical politics dictate that President Ferdinand ‘’Bongbong’’ Marcos Jr. will ignore Senate Minority Leader Aquilino Pimentel III's appeal for him to veto the controversial Maharlika Investment Fund (MIF) Bill. | ManilaBulletin
Escudero and two other senators - Pimentel and Imee Marcos - were absent during rhe voting last Tuesday. He said he could have voted had there been a certification of economic viability of the measure.
The former Senate President stressed that ‘’If not vetoed, the MIF, in its current form, could not withstand the scrutiny of the Supreme Court ."Some P50 billion will go to the MIF from the three percent investible funds of Land Bank of the Philippines . He said the President might not have been briefed that the Senate version of the MIF Bill, which also adopted by the House of Representatives, contained an absolute prohibition on pension agencies investing with the MIF.
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