Senator Alan Peter “Compañero” Cayetano will speak on the Maharlika Investment Fund (MIF) as he takes the Senate floor on Monday.
At the plenary session on May 29, 2023, Cayetano is set to discuss the significance of prioritizing high-impact national projects that require immediate government investment, always keeping in mind the best interest of the Filipino people.
The senator’s main question will focus on the choice between the necessary public investments that he says are ”gravely needed now“ and an investment fund wherein returns are expected in cash but long term.
He said he will cite examples of public investments in the areas of basic education, agriculture, and infrastructure such as classrooms, farm-to-market roads, irrigation, and hospitals, among others.
Throughout his prior media interviews, the independent senator has consistently said the MIF by itself is neither “good nor bad,” but cautioned against fast-tracking the bill given its controversial nature.
“I do not think the issue of Maharlika (Investment Fund) is good or bad. It’s really a matter of what’s best and the timing,” he said in an interview with reporters on February 14, 2023 when discussions on the MIF had just commenced.
He had also said he would carefully study the proposed wealth fund and will listen to both proponents and oppositionists so the best approach to the issue could be arrived at that is “good and beneficial to Filipinos.”