00:00 Focusing more on the good it may bring to the country, a lawmaker and principal sponsor of the Maharlika Investment Fund Act
00:07 appealed to critics to do the same.
00:09 Even though he himself admits that the measure is definitely not a cure-all pill to the economic woes of the nation,
00:15 he is banking on its potential to bring in more investments and jobs for Filipinos.
00:20 Danielle Manalastas has more.
00:24 As the president recently signed the Maharlika Investment Fund law, Senator Mark Villar appealed to critics
00:31 who wished to question the law at the Supreme Court to first give it a chance.
00:35 Let us just work for the success of Maharlika.
00:38 Because the success of Maharlika will be a success for our nation.
00:43 So, I hope that the bill has been passed.
00:46 Let's just support it. Let's do everything to make the Maharlika Investment Fund successful.
00:52 An initial 350,000 jobs will be created because of the Maharlika Fund, according to NEDA.
00:58 However, Villar admitted this investment fund is not an end-all, be-all to the country's economic woes.
01:06 But he believes it will help the economy grow.
01:09 This is part of the solution and can help our economy.
01:13 It is not a magic potion to revive the economy.
01:16 This will help because this is an investment vehicle for those who want to invest in the Philippines.
01:24 Senate President Juan Miguel Zubiri maintained the process in crafting the law was constitutional
01:30 and he is confident it can withstand any arguments against it in court.
01:36 Social Economic Planning Secretary Arsenio Balisacan said he assures the MIF will not grow the country's debt.
01:44 As one of the objectives of the MIF is to draw investments for the projects supported by the fund.
01:51 Daniel Mananastas for the Nation.
01:53 [MUSIC PLAYING]
Comments