IRR suspension: Delicate balance tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.
Palace: Saudi investors interested in Maharlika philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
President Ferdinand Marcos Jr. has ordered the suspension of the implementing rules and regulation (IRR) of the Maharlika Investment Fund (MIF), his office announced Wednesday, Oct. 18, 2023.Executive Secretary Lucas Bersamin issued a memorandum addressed to Bureau of Treasury officer-in-charge Sharon Almanza, Land Bank of the Philippine (LBP) president and chief executive officer (CEO) Lynette Ortiz, and Development Bank of the Philippines (DBP) president and CEO Michael de Jesus for the suspension of the implementation of the IRR of Republic Act 11954, or the Maharlika Investment Fund Act of 2023 “pending further study.”The memorandum also ordered the respective agencies to notify all concerned heads of departments, bureaus, offices and other agencies of the executive department, including government-owned and -controlled corporations of such action.
Marcos says Maharlika fund still on by end-2023 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
President Ferdinand "Bongbong" Marcos Jr. on Thursday clarified that the Maharlika Investment Fund (MIF) was not put on hold, saying the government is still working to have it operational within the year.