MANILA, Philippines — The proposed sovereign wealth fund (SWF), approved recently by the House of Representatives, lacks several safety measures and other provisions that would specifically detail how it would operate, an economist said on Monday.
In the Laging Handa public briefing, economist and University of the Fraser Valley Associate Professor Michael Batu explained that he wanted to see more safeguards placed on House Bill (HB) No. 6608 or the Maharlika Investment Fund (MIF) bill, which was passed by the House on third reading last Thursday.
One of the questions Batu raised is why the law does not explicitly state how long the tenure of the members of the Maharlika Inve…
Keep on reading: Maharlika talks: Economist claims House’s SWF proposal lacks safeguards
:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/24316897/Screen_Shot_2022_12_25_at_3.17.04_PM.png)
