The House of Representatives decided to adopt the Senate's version of the Maharlika Investment Fund (MIF) Bill in a bid to hasten the crafting of its implementing rules and regulations (IRR). ManilaBulletin
Albay 2nd district Rep. Joey Salceda says the House of Representatives opted to go with the Senate's version of the Maharlika Investment Fund Bill in order to hasten the crafting of its implementing rules and regulations .Albay 2nd district Rep. Joey Salceda
Albay 2nd district Rep. Joey Salceda, chairman of the House Committee on Ways and Means, gave this justification on Wednesday afternoon, May 31 shortly after the Bicameral Conference Committee hearing on the contentious measure was ended. In the end, Manila 5th district Rep. Irwin Tieng, chairman of the Committee on Banks and Financial Intermediaries, announced that the House was "accepting" the Senate's MIF "in principle and subject to style".Highlighting a controversial talking point of the measure, Salceda said: "As promised, the MIF will not touch the funds of the SSS , GSIS , PhilHealth, or HDMF .
The Senate's MIF Bill was approved on third and final reading before dawn Wednesday during its marathon session. The House version, on the other hand, was passed back on Dec. 15, 2022.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senate set to pass MIF billSolons ban GSIS, SSS, 3 gov’t firms from investing in wealth fund Senators were poised to pass the chamber’s version
Baca lebih lajut »
House names bicam contingent for MIF; hearing set this morningThe House leadership has named the chamber's contingent to the Bicameral Conference Committee hearing on the proposed Maharlika Investment Fund (MIF), or Philippine sovereign wealth fund. ManilaBulletin READ:
Baca lebih lajut »
House 'very eager' to adopt Senate version of Maharlika billSection 12 of the Senate version of the MIF provides that government financial institutions, government-owned and -controlled corporations (GOCCs) “may invest into the MIF, subject to their respective investment and risk management strategies and approval of their respective boards.” In contrast, the House version approved on third and final reading in December 2022 explicitly states that “under no circumstance that the GOCCs providing for the social security of government employees, private sectors, workers and employees, and other sectors and subsectors, such as but not limited to the Government Service Insurance System (GSIS), Social Security System (SSS), and Home Development Mutual Fund, be requested or required to contribute to the MIF.”
Baca lebih lajut »
PSE to play bigger role in PH dev't with MIF--SpeakerHouse Speaker Martin Romualdez is predicting that the Philippine Stock Exchange (PSE) would play a bigger role in the country’s development with the potential enactment of the Maharlika Investment Fund (MIF). ManilaBulletin
Baca lebih lajut »
Villar confident MIF bill will be approved this weekSenator Mark A. Villar, chairman of the Senate Committee on Banks, Financial Institutions and Currencies, is confident that the proposed Maharlika Investment Fund (MIF) bill would be approved on third and final reading this week.
Baca lebih lajut »
House adopts Senate version of estate tax amnesty extension billThe measure extending the availment period of estate tax amnesty until June 14, 2025 no longer needs to undergo a Bicameral Conference Committee hearing, thereby hastening its potential enactment by Malacañang. ManilaBulletin READ:
Baca lebih lajut »