The economic managers of the Marcos administration now target to pass the Maharlika Investment Fund (MIF) bill in the third and final reading in the Senate before the end of the session on June 2.
According to Finance Secretary Benjamin Diokno, significant progress is being seen in such a proposal in the Senate and they hope it will also be passed as law before the second State of the Nation Address (SONA) of President Ferdinand Marcos Jr. on July 24.
Apart from Diokno, the other members of the administration’s economic team, Budget Secretary Amenah Pangandaman, and Socioeconomic Planning Secretary Arsenio Balisacan attended the Senate plenary session on the MIF bill this Monday to show their full support for such a proposal.
At the height of the interpellation, Senator Grace Poe clarified the qualifications and standards for the 9 members of the Board of Directors of the bill sponsored by Senator Mark Villar which he said should be well explained in the implementing rules and regulations of such Royal investment Fund bill.
The interpellation and debate for the Maharlika Investment Fund bill will continue on Tuesday.