President Ferdinand Marcos Jr. said on Thursday that the Maharlika Investment Fund (MIF) law remains a good one and that his administration will push to implement it.
During his departure speech before heading to Saudi Arabia, Marcos clarified the earlier reports about the suspension of MIF, saying that he was a bit alarmed by the contradicting information published in the newspaper.
The President said that the organization of the MIF has found more improvements and is still committed to having it operational by the end of the year.
“We should not misinterpret what we have done as somehow a judgment of the rightness or wrongness of the Maharlika Fund,” said Marcos.
On the contrary, we are just finding ways to make it as close to perfect and ideal as possible, and that is what we have done,” he added.
Marcos also said that the MIF’s implementing rules and regulations underwent consultation with the economic managers and involved personalities.
The chief executive is currently in Saudi Arabia for the Association of Southeast Asian Nations-Gulf Cooperation Council Summit.
