If the Philippine Amusement and Gaming Corporation's interpretation of the Maharlika Investment Fund Law is spot on, then the agency could end up contributing between P3.6 billion and P4 billion to the sovereign wealth fund.
During the hearing, Baguio lone district Rep. Mark Go asked how much Pagcor would be contributing to the seed money of the MIF. "Doon po sa 50 percent na yun, humihingi po kami ng clarification ngayon, dapat po e doon kami kukuha ng mai-invest sa Maharlika Investment Fund ," Tengco told Go.
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