The proposed Maharlika Wealth Fund (MWF) continues to be saddled with governance “red flags” even after the withdrawal of the Government Service Insurance System (GSIS) and Social Security System (SSS) as chief funders.
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[ANALYSIS] On the Maharlika Wealth Fund'The reality is, the Philippines has presently no surplus funds to establish a true sovereign wealth fund.... The MWF is just masquerading as a sovereign wealth fund, which means the Philippines is a poor country pretending to be rich.' Analysis READ:
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PCCI, top business groups criticize Maharlika Wealth fund | The wRapThe wRap highlights: Maharlika Wealth fund, John Amores, and GOT7's BamBam
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BTr chief seeks close review, but cites safeguards of Maharlika Wealth Fund - BusinessMirrorNATIONAL Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed Maharlika Wealth Fund (MWF) while pointing out that the current version of the fiscal measure already has numerous safety measures to ensure prudent use of national government’s coffers. “We support the calls to study the bill to ensure that risk management
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Making the Maharlika Wealth Fund fly - BusinessMirrorA proposed legislation that has the charm of an earthquake is reportedly being railroaded at the House of Representatives. HB 6398 proposes to sequester pension funds under the Government Service Insurance System and Social Security System, as well as funds of state-owned Land Bank of the Philippines (LandBank) and Development Bank of the Philippines (DBP),
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Maharlika wealth fund: Misguided, unnecessary, costly — Risa Hontiveros“It is only a matter of time before this trial balloon completely loses air, because, as this retraction shows, we don’t need and can’t afford a sovereign wealth fund,” Hontiveros stated. READ:
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Maharlika Wealth Fund bill booed in Cagayan de Oro'I think President Marcos is trying to make the economy recover, but how will he do it? It's really unclear,' says a Cagayan de Oro councilor.
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