Hi Edward, Here are the most important news that you need to know. Lawmakers from both Houses of Congress on Wednesday approved the final version of the Maharlika Investment Fund (MIF), after adopting stiffer safeguards in its management and removing the contentious provision on financing from state pension funds. A veteran radio broadcaster based in Calapan City and known for his hard-hitting commentary programs was shot dead early Wednesday, becoming the third journalist to be killed under the Marcos administration and the 198th since 1986. DONE IN JUST SIX MONTHS Senate President Juan Miguel Zubiri poses with other lawmakers and members of the economic team after the Senate’s marathon session early Wednesday morning that ended with the passage of Senate Bill No. 2020 creating the Maharlika Investment Fund. The bill, introduced in the House in November last year, is expected to be signed into law by President Marcos before his second State of the Nation Address on July 24. Outside the Senate, members of Bagong Alyansang Makabayan (inset) protest the measure’s speedy approval. —SENATE PRIB BAGUIO CITY—This city and its neighboring Benguet towns of Tuba and Itogon are collaborating to save the watershed of Kennon Road’s Bued River system, amid the conversion of Cordillera forests into farms. Hopes are high that the newly minted IAC-IMO will not merely duplicate what other agencies should be doing, or negate their benefits by adding another layer of red tape that will further slow down the already agonizing policy grind in the government. Hi Edward,We'd like to know what you think of this newsletter. Send us your feedback by leaving a message in our suggestion box. |
Wednesday, May 31, 2023
Congress OKs Maharlika sans pensions as funding
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