Proceeds from privatization may be used to finance the proposed Maharlika Investment Fund, rather than putting state banks and the central bank at risk, a public advocacy group said.
A local think tank warned that if the current version of the Maharlika Investment Fund is passed into law, it could spread contagion on the Philippines’ financial system.
THE proposed Maharlika Investment Fund (MIF) encountered much opposition at the Senate on Wednesday as minority senators and local economists expressed their misgivings on the creation of the proposed sovereign wealth fund. The Senate minority exposed what it called serious gaps in the bill creating the MIF, with Minority Leader…
Six months into the Marcos administration and it seems the government has yet to clearly state its plan on how to consolidate the country’s finances badly hit by the pandemic, only cementing expectations of new taxes sooner rather than later.
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