Maharlika fund bill reaches Senate through Mark Villar

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Sen. Mark Villar speaks during a Senate hearing on January 12, 2023.

Voltaire F. Domingo / Senate PRIB

 

MANILA, Philippines — Sen. Mark Villar, who billed himself during the election campaign as someone who works quietly, has brought the bill to create the controversial Maharlika Investment Fund to the Senate.

 

The House of Representatives passed the bill on third and final reading in December and government officials promoted the fund at the World Economic Forum in Switzerland last week but Villar's Senate Bill No. 1670 has yet to be approved or even posted on the Senate website.

 

The bill, filed January 12, is an identical copy of the House's third reading version and does not contain the "reengineering" that Rep. Joey Salceda (Albay) of the Ways and Means Committee mentioned over ABS-CBN News Channel on Friday.

 

Full Story: https://www.philstar.com/headlines/2023/01/23/2239635/maharlika-fund-bill-reaches-senate-through-mark-villar

 

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