The Philippines is ‘on the right track’ as Maharlika Investment Fund (MIF) received support from half of the Filipinos in the latest survey, Speaker Martin Romualdez said on December 19.

“We are happy with the survey, which to us means that we are on the right track in advocating the establishment of this sovereign wealth fund, which is intended to benefit future generations of Filipinos,” the speaker said.

Research firm Tangere conducted a survey of 2,4000 respondents last December 8 to 10.

12% were from Metro Manila, 23% from North and Central Luzon, 22% from South Luzon, 20% from Visayas, and 23% from Mindanao.

According to the result, 54.08% answered ‘strongly supported’ and ‘somewhat supported’, 21.34% were ‘neutral’ and 24.58% answered ‘somewhat or strongly opposed the measure’.

However, among the respondents, only 45.87% agreed to use GSIS, SSS, Landbank, and DBP as the sources of funds for the bill.

Speaker Romualdez is the principal author of House Bill No. 6608, the law establishing the Maharlika Investment Fund.