The approval of the proposed Maharlika Investment Fund (MIF) must be recalled by the House of Representatives, independent minority solon Albay 1st district Rep. Edcel Lagman said on Saturday, Jan. 21.
The approval of the proposed Maharlika Investment Fund must be recalled by the House of Representatives, independent minority solon Albay 1st district Rep. Edcel Lagman said on Saturday, Jan. 21.This, after he got wind of a new MIF that was based from House Bill No.6608, or the MIF Bill. The measure–principally authored by members of the House leadership, was approved by the chamber on third and final reading last Dec. 15.
A fellow Bicol solon, Albay 2nd district Rep. Joey Salceda, volunteered information during an ANC Headstart interview Friday that he took part in the “rewriting and reengineering” of the MIF after Christmas, Dec. 25. “It must be recalled that dividends from GOCCs have been used for budgetary support. These dividends must not be parked in long-term contingent investments as they are urgently needed for immediate utilization to address the requirements of basic services like education, health, employment, fund security and infrastructure,” Lagman said.
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