The proposed Maharlika Investment Fund that wowed potential investors at the World Economic Forum (WEF) in Davos, Switzerland was essentially a rewritten document that’s entirely different from the bill passed by the Philippine House of Representatives.
The proposed Maharlika Investment Fund that wowed potential investors at the World Economic Forum in Davos, Switzerland was essentially a rewritten document that’s entirely different from the bill passed by the Philippine House of Representatives.Albay 2nd district Rep. Joey Salceda made this rather surprising revelation during an ANC Headstart interview on Friday, Jan. 20.
Perhaps the biggest departure of the new MIF from the one contained in House Bill No.6608 is the feature that it would no longer tap dividends from the Bangko Sentral ng Pilipinas for its capitalization. “These are dividends from GOCCs . So by its nature they are already surpluses. So yung naghahanap na dapat surplus yan, eto surplus ,” he said, taking a subtle shot at the MIF’s critics.
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