Filipino Vote for Maharlika Fund- Yes or No

Vote now if you are in favor of the "Maharlika Fund". A House Bill establishing the MWF was filed on November 28, 2022 by Representatives Ferdinand Martin Romualdez, Manuel Jose Dalipe, Ferdinand Alexander Marcos, Stella Luz Quimbo, Yedda Marie Romualdez, and Jude Acidre. This kinds of fund I believed needs a forensic examination with the governing body, the Philippine Senate.

The MWF aims to ensure economic growth by generating consistent and stable investment returns with appropriate risk limits to preserve and enhance long-term value of the fund; obtaining the best absolute return and achievable financial gains on its investments; and satisfying the requirements of liquidity, safety/security, and yield in order to ensure profitability of the GFIs’ respective funds.

Maharlika Fund is a sovereign wealth fund (SWF), also known as a social wealth fund, is the surplus money that a country accrues over time. The government-backed pool of funds is mostly funded from a country's foreign exchange reserves. Other sources of funds for an SWF account include: Bank reserves.

Vote now if you are in favor of Maharlika Fund:

As explained in Department of Budget and Management website:
The country’s Economic Team underscored the benefits of institutionalizing the proposed Maharlika Wealth Fund (MWF) during the 183rd Development Budget Coordination Committee (DBCC) meeting held on December 5, 2022 at the DOF Press Conference Room.
The meeting was led by Budget Secretary Amenah Pangandaman, with Finance Secretary Benjamin Diokno, Socioeconomic Planning Undersecretary Rosemarie Edillon, Bangko Sentral Monetary Board Member V. Bruce Tolentino, and GSIS President and General Manager Jose Arnulfo “Wick” Veloso.

On behalf of the Economic Team, Budget Secretary Pangandaman shared her optimism that the MWF will help the administration achieve its Agenda for Prosperity.

Meanwhile, Finance Chief Diokno noted that the country should have had the Sovereign Wealth Fund a long time ago to set aside funds for the future generations.

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