I am happy and thankful that President Ferdinand Marcos, Jr. agrees with my position that the GOCC dividends should not be utilized as seed money for funding the Maharlika Investment Fund (MIF) because these dividends are traditionally and legally used as additional revenues to finance the GAA, more particularly basic socio-economic services on health, education, food security, employment generation, and infrastructure development.
The scales of justice have finally evened out upon the release from “vexatious restraint” of Atty. Gigi Reyes, almost eight years after her principal, former Senate President Juan Ponce Enrile, was released from prison for “humanitarian reasons”.
No avalanche of accepted amendments can cure the inherent chronic and substantial defects of the Maharlika Investment Fund (MIF).
Amendments can cosmeticize Maharlika but cannot make it seasonable in the face of negative and ominous economic indicators which deter its creation.
From the President to his alter ego, the Finance Secretary, to chair the Maharlika Investment Corporation – what is the difference?
I have consistently and repeatedly opposed the appropriation of confidential and intelligence funds with respect to its propriety and magnitude, particularly in departments and agencies which do not need said funds like the Office of the Vice President and the Department of Education.
