Here are the latest approved amendments to the proposed Maharlika fund

The proposed Philippine sovereign wealth fund has been a constantly evolving piece of legislation.

On Monday morning, Dec. 12, Manila 5th district Rep. Irwin Tieng shared the latest set of amendments to the proposed Maharlika Investment Fund , which his panel, the Committee on Banks and Financial Intermediaries, approved in an executive session that same day.–is the inclusion of penal provisions on the currently unnumbered MIF bill.

It will be the board of directors that will manage the Maharlika Investment Corporation , previously the Maharlika Wealth Fund Corporation “Nawala na rin iyong seven-year fixed term ng chairman of the board ng [MIC] ,” bared the Manila congressman.

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