A key ally of President Ferdinand R. Marcos Jr. is appealing to that the proposed Maharlika Investment Fund (MIF) Act be given a chance after the Chief Executive certified House Bill (HB) 6608 as an urgent measure last week.
A key ally of President Ferdinand R. Marcos Jr. is appealing to that the proposed Maharlika Investment Fund Act be given a chance after the Chief Executive certified House Bill 6608 as an urgent measure last week.
HB 6608 was passed on third reading before lawmakers went on holiday beginning December 17 until January 22, 2023. Balisacan, who was awaiting confirmation as Socioeconomic Planning Secretary, said “We are in full support, Your Honor.” At the CA panel hearing, Villafuerte told Balisacan: “I think we should give it a try. When the President said we should give it a try, we are all up for it. There’s no harm in trying as long as the proper safeguards are there. At the end of the day, it’s up to the Congress to really come out with a good measure.”BALISACAN said at the CA hearing that it was his “personal view” that “the laws that Congress pass are good or bad depending on how you make it, and governance is key to that.
Villafuerte said after the CA hearing that Marcos was spot on in asking the people to wait for the final version of the MIF bill to be drawn up by both chambers, “considering that the MIF will still go through refinements after HB 6608 is transmitted to the Senate.”
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