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Philippine SWF Already Being Challenged

Philippine leftist political party Bayan Muna has made a challenge in the Supreme Court to declare the Maharlika Investment Fund Act of 2023 null and void. President Marcos Jr. signed the bill into law in July. Chair of the opposing party Neri Colmenares and former representatives Carlos Isagani Zarate and Ferdinand Gaite are seeking a…

Petition challenging constitutionality of Maharlika fund filed

Speaker stands by Maharlika, but will cooperate with SC

Speaker stands by Maharlika, but will cooperate with SC
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Speaker: MIF passage followed charter • Jovee Marie de la Cruz

SPEAKER Ferdinand Martin G. Romualdez on Tuesday defended the enactment of Republic Act (RA) 11954, or the Maharlika Investment Fund Act of 2023, stressing that its passage in Congress was done in compliance with the 1987 Constitution. Romualdez made a statement after Sen. Aquilino “Koko” Pimentel III, together with former representatives of the Bayan Muna

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