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Senate to look into proposed Maharlika fund's necessity —Zubiri

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The Senate will look into the necessity of the proposed Maharlika Investment Fund, Senate President Zubiri said, as he emphasized the need for full transparency and efficient utilization of taxpayers' money should the government push for its creation.

The Senate will look into the necessity of the proposed Maharlika Investment Fund, Senate President Juan Miguel Zubiri said Friday, as he emphasized the need for full transparency and efficient utilization of taxpayers' money should the government push for its creation.

"Ready naman tayo sa ganito. Para sa akin importante d'yan 'yung safeguards at importante 'yung investment. Nakikita ko sayang ang pera kung hindi malalagay sa magandang investment," said Gatchalian, vice chairman of the Senate Committee on Banks, Financial Institutions, and Currencies. An oversight committee in the Senate can also be created to ensure that the funds invested are properly monitored, he added.

“There is a provision for a risk management unit, Board of Directors chaired by the President, and Investment Committee,” Salceda said in an interview on Dobol B TV.

 

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