The Philippine Health Insurance Corporation's (PhilHealth) current charter prohibits the notion of investing in the proposed Maharlika Investment Fund (MIF), the president and chief executive officer (CEO) Emmanuel Ledesma Jr. said on Wednesday, Feb 15.
This was after the bill proposed to include government-owned or controlled corporations, along with government financial institutions, as the source of funds for the Maharlika Investment Fund.
"For now, it’s very clear in the charter [that] it’s not allowed, so we’re not considering it," said the head of the state-run agency.
He, however, clarified that they are 'open' if Congress plans to amend the charter.
"We would review it as a team, we would take it up with the board, review it with the senior officers, and if it will help the country, it will help PhilHealth, we’re open. But we will study it thoroughly," he added.
The Maharlika Investment Fun was recently questioned in the Senate after its proponents failed to justify the bill's organizational structure, fund sources, and safeguards.
