MSOpinion Making Maharlika future-proof “The Foundation for Economic Freedom cautions against financial ruin if the administration pushes through with the funding sources of the proposed fund” READ MORE:
“The Foundation for Economic Freedom cautions against financial ruin if the administration pushes through with the funding sources of the proposed fund”
First, the think tank warned that if the House version of the Maharlika Investment Fund is passed into law, it could spread contagion in the Philippines’ financial system. Why? If the seed money that will be provided by state-run banks is not guaranteed by the national government, it increases the systemic risk on the country’s banking system.
The 2008 financial crisis took place as American banks began a pattern of predatory lending, unfounded risk-taking, and exploited derivatives that led to the eventual collapse and bailout of investment banks. The latter would remove ceilings on how much an individual could earn in return for working at Maharlika.
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Senate raises questions over Maharlika foreign board membership - BusinessWorld OnlineOBJECTIONS were registered in the Senate on Monday to foreign board representation in the proposed Maharlika Investment Fund (MIF), though a Treasury official said foreign representation on the board is unlikely. Senator Maria Lourdes Nancy S. Binay told the banking committee, which is assessing a bill that will establish up the fund, that legislation should be […]
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