Transparency isn’t a mere afterthought in the proposed Philippine sovereign wealth fund, dubbed the Maharlika Investment Fund (MIF).
Transparency isn’t a mere afterthought in the proposed Philippine sovereign wealth fund, dubbed the Maharlika Investment Fund .
The Leyte 1st district congressman noted that under the plenary-approved HB No.6608, a provision specifically stated that the public can exercise the right to freedom of information regarding MIF financial matters. Albay 2nd district Rep. Joey Sarte Salceda, chairman of the technical working group on HB No.6608, noted that such a safeguard is actually embodied in Section 29 of the measure. In the end, he still agreed to accept the amendment proposed by the Makabayan bloc member.
Under Section 43 of the approved HB No.6608, all documents of the MIF and the Maharlika Investment Corporation—the independent body created to manage the fund– shall be open, available, and accessible to the public.
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