Minority member Senator Risa Hontiveros has likened the proposed P275-billion Maharlika Wealth Fund (MWF) as a “trial balloon” that will eventually “lose its air”.
Minority member Senator Risa Hontiveros has likened the proposed P275-billion Maharlika Wealth Fund as a “trial balloon” that will eventually “lose its air”.“It is only a matter of time before this trial balloon completely loses air, because, as this retraction shows, we don’t need and can’t afford a sovereign wealth fund,” Hontiveros said in a statement Thursday, Dec. 8.
“Salamat at kahit paano ay nahimasmasan ang proponents nitong Maharlika fund . Again, as with any proposal, this requires deliberation and consensus between and among members of both Congress ,” the lady senator said. “Now, they really would have to examine if there are excess funds at Land Bank, DBP and BSP, that they have been brandishing as ‘enough’,” Hontiveros said.
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