Several senators, led by Mark Villar, on Monday sat down with financial managers for a briefing on the Maharlika Investment Fund (MIF) invoice.
The assembly got here two days earlier than the general public listening to on the measure scheduled on February 1 at 10 a.m.
“Nagkaron na po kami ng briefing tungkol sa Maharlika bill at andun po lahat ng economic managers at na-clarify yung mga questions ng ating mga colleagues sa Senado,” Villar mentioned.
Asked if the briefing will pave the best way for smoother deliberations of the measure, he mentioned, “Sa tingin ko, kasi maganda yung mga sagot ng ating mga managers and of course we were able to tackle a lot of issues.”
“Mahaba rin yung briefing and many senators attended. So, very productive and I look forward to hearing the bill on Wednesday,” he added.
The listening to shall be collectively carried out by the committees on banks, monetary establishments and currencies; authorities firms and public enterprises; methods and means; and finance.
Villar authored Senate Bill No. 1670, which mentioned the MIF could be a “powerful tool for sustaining high-impact infrastructure projects, urban and rural development, agricultural support, and other initiatives that would increase income and economic activity in the Philippines.”
The measure proposed a Maharlika Investment Corporation, which might govern and handle the fund.
The House of Representatives earlier authorised an identical invoice on third studying.
Earlier, President Ferdinand “Bongbong” Marcos Jr. requested senators to fastidiously look at the initiative, which he had brandished earlier than overseas viewers in his latest Switzerland journey.—LDF, GMA Integrated News
Source: www.gmanetwork.com
