THE Governance Commission for GOCCs (GCG) fully supports the plan that the poor should benefit from the net profits of the Maharlika Investment Corp. (MIC) that will manage the proposed Maharlika Investment Fund (MIF).

The commission has submitted its position on Senate Bill (SB) 1670, or 'An Act Establishing the Maharlika Investment Fund,' providing for the management, investment and use of the proceeds of the fund, and for other purposes to the Senate Committee on Banks, Financial Institutions and Currencies on Jan. 30, 2023.