THE MAHARLIKA Investment Fund (MIF) offers advantages for Filipinos, particularly in the investment and employment sectors, said Senator Mark Villar, the Senate’s deputy majority leader.
“Ang MIF ay pondo na mag-generate ng additional income para sa ating bansa, na imbes na nakatingga lang yung pera natin, pwedeng ilagay sa MIF. Kapag lumaki ang pondo, may potential na mababawasan ang expenses ng government,” Villar said.
Villar also emphasized that the MIF will generate numerous job opportunities for Filipino citizens, and could be also utilized for the country’s investment in infrastructure.
“Dahil sa pondong ito, sa tingin namin, base po sa study ng National Economic Development Authority, magkakaroon po tayo ng at least 350,000 additional jobs,” Villar said.
The MIF, a sovereign wealth fund with a seed capital of P150 billion, was signed into law last July and was created from the Republic Act 11954. The MIF will be managed by Maharlika Investment Corp.
Sen. Villar said the MIF had already undergone a lot of hearings and consultations and had properly gone through the process of the Congress and Senate.
“Ginawa namin ang lahat para maayos ‘yung bill, so confident naman kami. In fact, nagkaroon ng decision na humingi ang Supreme Court ng opinion ng legislature. So, okay naman, wala naman kaming nakikitang problema,” he added.
