'Triumph of the Senate': Zubiri touts Maharlika bill's safeguards

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Senate President Juan Miguel Zubiri hailed the passage of the Maharlika Investment Fund (MIF) bill as a 'triumph of the Senate,' while touting its sufficient safeguards.

"[B]ecause we improved the House version tremendously, we thank the House for accepting the Senate version with all the safeguards. Pwede po natin ipaglaban ito sa Plaza Miranda [We can fight for it in Plaza Miranda]," Zubiri told the media on Wednesday, referring to the place in Manila known for democratic activities.

It will now be sent to Malacañang for President Ferdinand Marcos Jr.'s signature. The president has repeatedly endorsed the bill and had certified it as urgent.The final version of the measure prohibits the use of government pension money from Government Service Insurance System , Social Security System , the Philippine Health Insurance Corporation , the Overseas Workers Welfare Administration , and the Philippine Veterans Affairs Office to bankroll the sovereign wealth account.

 

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