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Some of President Marcos' economic managers were apparently ambivalent about the importance of the Maharlika Investment Fund bill, Sen. Francis Escudero said. | @MRamosINQ  /PDI

Sen. Sherwin Gatchalian on Friday warned that taxpayers would bear the risk should the proposed Maharlika Investment Fund loses.

How would proponents address the five concerns that lawmakers and experts raise about the Maharlika fund, including the danger of it becoming a 'sovereign liability fund'?

Maharlika Fund, Vice Ganda and Karylle, and more in today's Top 5 in 30 seconds (Feb 3, 2023)

How would proponents address the five concerns that lawmakers and experts raise about the Maharlika fund, including the danger of it becoming a 'sovereign liability fund'?

The Maharlika Investment Fund will expand the government’s funding sources and generate more jobs, Senator Mark Villar said. | @DFernandezINQ 

Finance Secretary Benjamin Diokno said on Friday he opposed the proposal to get funding for the Maharlika Investment Fund from the dividends of government-owned and controlled corporations.

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Here are the six lawmakers who voted against the Maharlika fund bill. Gabriela Representative Arlene Brosas said, “This is a poorly designed sovereign wealth fund that has all the indications of opening pathways to corruption and unscrupulous use of public funds.”

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The proposed Maharlika Investment Fund will only result in losses since the annual cost of putting up and operating the fund will exceed its expected returns, former Supreme Court associate justice Antonio Carpio said. FULL STORY:

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BREAKING: Voting 279-6-0, House passes Maharlika fund bill on FINAL reading, making the proposal – introduced only last month – among the fastest to hurdle the lower chamber. Marcos certified bill as urgent despite critics' appeal not to rush its passage.

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The proposed Maharlika Wealth Fund does not follow any criteria of creating a sovereign wealth fund, says UP professor emeritus and economist Winnie Monsod. She clarifies that a sovereign wealth fund comes from excess reserves which the country lacks as of now. #ANCHeadstart 

'WE DON'T HAVE ANY EXCESS RESERVE.' Economist Winnie Monsod says the MaharlikaWealth Fund deviates the concept of a sovereign wealth fund, which is basically created out of excess or fiscal surpluses. Related story:

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“Hands off our pension funds!” Members of the Makabayan Coalition & labor groups express their opposition to the proposed Maharlika sovereign wealth fund, which plans to use money from social security. | via @anjo_bagaoisan 

Economists and business groups release a statement of concern regarding the proposed Maharlika Fund. | via @wddeguzman 

Philippines' President Duterte wants to change the country's name to "Maharlika" meaning nobility

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