Maharlika Bill Filed In Senate.

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Photo courtesy of Senate Public Relations and Information Bureau shows Sen. Mark Villar attending a Senate hearing on Jan. 12, 2023 regarding the New Year’s Day air traffic shutdown. Senate President Juan Miguel Zubiri has confirmed that Villar has filed the counterpart measure of the bill creating the Maharlika Investment Fund.


Senate President Juan Miguel Zubiri confirmed on Saturday, Jan. 21, that Sen. Mark Villar filed the proposed measure last week. 



A bill creating the Maharlika Investment Fund (MIF) has been filed in the Senate as counterpart of the one passed recently by the House of Representatives.



The Maharlika wealth fund is intended to become a vehicle for the government to invest in various outlets such as real estate, infrastructure, bonds and foreign currencies. 


Lawmakers pushing for it said the fund would be used to promote fiscal stability and support the government’s priorities.



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