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MANILA, Philippines — President Marcos yesterday suspended the implementation of the sovereign wealth fund or Maharlika Investment Fund (MIF) to further study its implementing rules and regulations (IRR) and ensure that safeguards are in place “for transparency and accountability.”
The decision to suspend the implementation of the Maharlika Investment Fund (MIF) Act is welcome news for all Filipinos and for our vulnerable economy.
State-run Development Bank of the Philippines on Wednesday confirmed the suspension of the implementation of the Maharlika Investment Fund (MIF).
MANILA, Philippines — President Ferdinand Marcos Jr. temporarily halted the implementation of the controversial Maharlika Investment Fund pending further study of its Implementing Rules and Regulations (IRR).
The House of Representatives will address legal concerns on the Maharlika Investment Fund law, Speaker Martin Romualdez said Wednesday, as he maintained that “due legislative processes” were followed in passing the measure.
SPEAKER Ferdinand Martin Romualdez said they followed due legislative processes in crafting the Maharlika Investment Fund Act.
(UPDATE) SENATE President Juan Miguel Zubiri on Tuesday expressed confidence that the controversial Maharlika Investment Fund (MIF) Act will «withstand» judicial scrutiny, saying they are ready to face the petitioners in court.
Metro Manila (CNN Philippines, October 2) — The Maharlika Investment Corp. (MIC) may be operational by the first quarter of next year, with the final list of nominees for key positions in the corporation expected on the table of the Palace this week, Finance Secretary Benjamin Diokno said on Monday.