The Senate on Wednesday approved the bicameral conference committee report on the controversial Maharlika Investment Fund bill which President Ferdinand “Bongbong” Marcos Jr. has certified as urgent.
‘’Kasi sa dami ng safeguards pati ang minority admittedly of course they are against it and they voted against it but they were very happy that we accepted almost all the safeguards that possibly can be placed in this measure,’’ Zubiri told reporters in press conference. “And I’m thankful also to Sen. Mark Villar for a job well done at sa pagaccept nitong mga amendments na ito ,” he said.
‘’I think that was the number one clincher there na pumayag sila and we that smooth sailing na,’’ he said. “We pushed for this bill not just for the economic gains that we can get but more so to solve our worsening problems in terms of poverty rate and unemployment. In line with the projections of our economic managers, the Maharlika will be able to generate 350,000 jobs,” Villar stressed.
Senators also moved to ensure that there would be a 25 percent limit to the investible funds of the DBP and the Land Bank that would be exposed to the operations of the Maharlika Fund.
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