Hyundai Motor India Foundation (HMIF), the CSR arm of Hyundai Motor India Ltd. (HMIL) felicitated 25 artists & 10 art collectives at the inaugural exhibition of its ‘Art for Hope 2023’ program.
Before it pushes through with the establishment of a Maharlika Investment Fund, the Philippines should learn from Malaysia’s experience in dealing with a financial scandal that involved its former leader and private financial institutions, visiting Malaysian Prime Minister Anwar Ibrahim said yesterday.
Finance Secretary Benjamin Diokno is against proposals to scrap the planned contributions of the central bank and state-run banks to the Maharlika Investment Fund, as he maintained their contributions’ potential to contribute to economic growth.
The Governance Commission for GOCCs is carefully looking into what the final form of the proposed multibillion-peso Maharlika Investment Fund will be, even as it expressed support for its creation.
Senators saw several loopholes in the proposed multibillion-peso Maharlika Investment Fund during a hearing on the bill yesterday, including the lack of return on investments or ROI for state-run banks, as well as composition of the board that will run the sovereign fund.