Economists, businessmencite Maharlika fund risks

Business Mirror LogoBusiness Mirror1 mo ago

Economists, businessmencite Maharlika fund risks - Business Mirror

Quick Summary:

ECONOMISTS and business executives representing several institutions reiterated their warnings against the creation of a government investment fund as it is "fundamentally flawed” and unable to attain the economic goals it has set out to accomplish.

TO provide relief to companies, which are still reeling from the effects of the pandemic, the Employers Compensation Commission (ECC) lowered the penalty for delinquent Social Security System (SSS) and Government Service Insurance (GSIS) contributors.

THE groups added that the provision in the proposed MIF Act “compromises the BSP’s autonomy, independence and ability to deliver on its price and financial stability mandates.

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Article Details

Author / Journalist: Ma. Stella F. Arnaldo

Category: BusinessStartups



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-01 @ 12:55:53 (1 months ago)

News Timezone: GMT +8:00

News Source URL:

Language: English

Article Length: 929 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 5047803

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Main Topics: BusinessStartups

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Update Frequency: 87 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #37

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