Finance Secretary Benjamin Diokno on Tuesday, May 30, said that it is up to the boards of directors of state pension institutions, such as the Social Security System and Government Service Insurance System , to invest in the proposed Maharlika Investment Fund .The official said he doesn’t want to “preclude” the decision of the boards when asked if it would be okay for the GSIS and SSS to invest in the sovereign wealth fund.
The controversial MIF, which initially sought to pool capital from government pension funds and state-owned banks, is currently being deliberated in Senate. “It's a decision of the board, kaya nga may mga board, 'di ba ? While they are presidential appointees, they act in the best interest of the company," Diokno said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
People can’t scrutinize Maharlika Fund – PimentelSenate Minority Leader Aquilino Pimentel III on Sunday said the proposed Maharlika Investment Corp. would virtually take away the power of Congress to identify and allocate funds for infrastructure projects. | MRamosINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Diokno says existing Philippine tax system must be preserved; review to continueFinance Secretary Benjamin Diokno on Tuesday said the Philippines&39; tax system must be preserved, but added that the country&39;s economic managers will continue to review it.
Source: gmanews - 🏆 11. / 68 Read more »
SSS, GSIS investing in Maharlika fund? 'We don't want to preclude the board,' says DioknoFinance Secretary Benjamin Diokno on Tuesday said board members of state pension institutions should not be "precluded" from deciding on possible investments in proposed sovereign wealth fund.
Source: gmanews - 🏆 11. / 68 Read more »
Maharlika bill in Senate still allows SSS, GSIS investmentsMANILA, Philippines — The Maharlika Investment Fund (MIF) bill was heavily scrutinized in the Senate on Monday for still allowing the Social Security System and the Government Service Insurance
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Pangandaman hopeful Congress can ratify Maharlika bill in remaining session daysBudget Secretary Amenah Pangandaman hopes that the bill containing the Maharlika Investment Fund can be approved by a bicameral conference committee and ratified by Congress in its remaining session days. | GabrielLaluINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Solons to hasten Senate Maharlika billAlbay Rep. Joey Salceda on Sunday said Congress is studying the Senate’s version of the Maharlika Investment Fund, which President Ferdinand Marcos Jr. earlier certified as urgent in a bid to hasten its passage as Congress adjourns sine die this week.
Source: MlaStandard - 🏆 20. / 55 Read more »