With the enactment of the controversial Maharlika Investment Fund (MIF) believed to be imminent, P3PWD Party-list nominee Rowena Guanzon took matters--and money--into her own hands. ManilaBulletin
A manager's check is said to be as good as cash.
Under the Senate-approved version of the MIF Bill, the initial capital of the proposed Philippine sovereign wealth fund will come from the LBP, which will invest P50 billion. The Development Bank of the Philippines , another government financial institution like LBP, will invest P25 billion to the MIF. Anoter P50 billion will come from the national government.
The House of Representatives, despite approving their own MIF months before the Senate did, ultimately decided to adopt the senators' MIF. It is this version of the measure that awaits President Ferdinand "Bongbong" Marcos Jr.'s signature. Pundits believe Marcos will announce the enactment of the MIF in his second State of the Nation Address , which will be delivered on July 24, 2023.
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