Medalla no longer worried about MIF impact on BSP

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The story "Medalla no longer worried about MIF impact on BSP" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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Medalla no longer worried about MIF impact on BSP - Business Mirror

Quick Summary:

Former Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla now has a more favorable view of the Maharlika Investment Fund (MIF), saying its impact on the Central Bank’s funds will be "minimal” due to the safeguards.

The government said MIC’s investments will generate “optimal returns while contributing to the overall goal of reinvigorating job creation.

He also said the BSP, supposed to contribute its dividends to the national government, would have to invest in the MIF and leave public coffers scouring for new loans to finance its programs and projects.