Maharlika fund moves forward at Senate as committee hearings end

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Photos shows of senators in opening of the 19th congress at the Senate on July 25, 2022.

STAR / Mong Pintolo

 

MANILA, Philippines — Bills that seek to create the controversial Maharlika Investment Fund have moved forward in the Senate as Sen. Mark Villar ended public hearings by his committee and referred the measures to a technical working group.

 

Villar adjourned Monday the public hearings on the Maharlika fund and sent the bills that want to establish it to a TWG which will meet virtually on Wednesday at 10 a.m.

 

“There are still many details that have to be threshed out on the bill,” Villar said during Monday’s hearing. “I propose that we refer the bill to a technical working group so that we can harmonize the various concerns that have been brought up during our hearings.”

 

Full Story: https://www.philstar.com/business/2023/02/27/2248040/maharlika-fund-moves-forward-senate-committee-hearings-end

 

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