Labor groups urged the Senate to exercise due diligence in tackling the provisions of the bill creating the Maharlika Investment Fund (MIF).
Labor groups urged the Senate to exercise due diligence in tackling the provisions of the bill creating the Maharlika Investment Fund .
“With widespread corruption in government, it is but right to express fears over this proposal. We thus urge the Senate not to rush the approval of the MIF as it involves hundreds of billions of public funds,” the group said in a joint statement issued on Thursday. Among the signatories of the said statement are the Kilusang Mayo Uno, Nagkaisa Labor Coalition, UNI Global Union-Philippine Liaison Council, , Education International, Building and Wood Workers International, Pagkakaisa ng mga Tsuper at Operators Nationwide, BPO Industry Employees’ Network, National Confederation of Transport Union, National Union of Workers in Hotel, Restaurant and Allied Industries, League of Independent Banks Organization, and the Bukluran ng Manggagawang Pilipino.
The House of Representatives already passed its counterpart MIF legislation, House Bill 6608, last December.
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