National Treasurer Rosalia de Leon assured the public that the government had adequate safety nets to ensure the Maharlika Investment Fund (MIF) would be transparent and not mismanaged. ManilaBulletin
Citing De Leon's interview with the media, the Presidential Communications Office , the MIF would have Congress oversight and internal and external auditors. The Maharlika Investment Corporation must also submit financial reports.
The National Treasurer said other safeguards in the law regarding the use of MIF include a regular audit to look into the financial performance of the MIF. “Nakita po natin na ang Landbank and Development Bank of the Philippines, mayroon din po silang mga investible funds . They have P1.3 trillion in investible funds," she said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most Dabawenyos don’t trust Maharlika FundDAVAO CITY (MindaNews / 24 June) – Majority of Dabawenyos don’t trust the Maharlika Investment Fund, the results of a survey conducted by the Institute of Popular Opinion of the […]
Read more »
Treasury: Bill provisions to prevent wrongdoings in Maharlika Fund managementThe Bureau of the Treasury (BTr) said on Saturday that provisions in the Maharlika Investment Fund bill would prevent any wrongdoings in the management of the MIF.
Read more »
Marcos approves P5.7 trillion National Expenditure Program for 2024MANILA, Philippines — President Ferdinand Marcos Jr. approved the P5.768 trillion National Expenditure Program (NEP) for 2024, according to the Department of Budget and Management (DBM) on
Read more »
Korean national, Filipina arrested in Makati for unpaid hotel billA Korean national and a Filipina were arrested in Makati City for failing to settle their hotel bill, the Southern Police District said in a report. | GabrielLaluINQ
Read more »
National retreat for priests setMore than 3,000 delegates are expected to attend the National Retreat for Priests on Nov. 7 to 9 at the IEC Convention Center in Cebu City. | ManilaBulletin
Read more »
Marcos will sign MIF bill ‘as soon as I get it’ | Samuel Medenilla and Jovee Marie de la CruzPRESIDENT Ferdinand Marcos, Jr. wants the Maharlika Investment Fund (MIF) to be managed by financial professionals, who are free from “political decisions,” to ensure its sustainability. Marcos made the statement in an interview with the media during the 85th Anniversary of the Securities and Exchange Commission (SEC), when asked about…
Read more »