SEN. Francis "Chiz" Escudero, on Friday, called for more "earning guarantees" in the Maharlika Fund bill, which would allow the sovereign fund to surpass the 6 percent income threshold that two state-owned banks presently earn from their investments.
Escudero warned that without "benchmark in yields," the billions the Land Bank of the Philippines (LandBank) and the Development Bank of Philippines (DBP) will be forced to put in the Maharlika Investment Corp. (MIC) will be earning less than their present return on investment (ROI).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.