Senator Risa Hontiveros has called for a reassessment of the Maharlika Investment Fund (MIF), warning that it may pose significant economic risks to the Philippines.
Hontiveros expressed concern over the fund’s potential impact on the country’s financial stability, emphasizing that the lack of transparency and oversight could lead to misuse of public funds.
She urged lawmakers to carefully examine the proposal before proceeding with its establishment.
The Maharlika Fund, which is designed to boost the economy through investments, has been met with both support and opposition in Congress.
Hontiveros’ remarks reflect growing skepticism about the fund’s long-term benefits for the nation’s economy.
Source: PhilNews24 | December 29, 2024
