Senator Miguel Zubiri sees that the Maharlika Investment Fund (MIF) will be passed in the Senate for final reading after the Holy Week break.

"Tingin ko mga after Holy Week na 'yan for second and third reading approval and of course, discussion [at the] bicameral conference committee kasi marami pa tayong ite-take up," the senator said on Saturday.

The two houses of Congress will adjourn sessions on March 24 or before Holy Week and will resume on May 8 and run until June 2.

He also recommended immediate hearings as, according to him, Senate banks, financial intermediaries, and currencies chairman Mark Villar already filed a counterpart bill, which has not yet been confirmed by the latter.

"I hope that, at the soonest possible time, magtawag na po siya ng committee hearing para pagdiskusyunan na po natin ito na mga miyembro ng Senado. So the ball is in his court siya po ang chairman ng committee on banks and financial Institution," he said.

Meanwhile, Zubiri also stressed that the President's initiative for the bill should be 'snubbed' after he proposed the sovereign wealth fund during his visit to the World Economic Forum in Davos, Switzerland.

He also underlined the importance of safeguards in implementing the MIF.

"Alam mo naman pag hiningi po ng Pangulo 'yan, hindi naman maganda na iisnub natin ang Pangulo. We cannot snub him. Maganda naman ang kanyang adhikain, maganda naman ang adhikain ng panukalang ito, importante lang na lagyan lang natin ng safeguards para hindi maging prone to corruption or corruption issues. We have to make sure that safeguards are in place," Zubiri added.

The senator 'strongly supports' the discussion of the bill as 'it helps the country's economy through development programs and projects'.