00:00 President Ferdinand Marcos Jr. defends the concept of Maharlika Fund as a "good one"
00:06 and says it will be operational before the year's end.
00:09 The statement comes a day after Malacanang publicized Marcos' order to suspend the execution
00:14 of the Implementing Rules and Regulations, or IRR.
00:17 The president says that in pausing the law's implementation, the government was "just finding
00:22 ways to make it as close to perfect and ideal as possible."
00:25 He says the pause was ordered in consultation with his economic managers and the personalities
00:30 who will actually be involved in the fund.
00:32 He did not name these personalities.
00:35 The Maharlika Fund is a controversial investment fund created by the Marcos administration
00:39 and its allies in Congress.
00:40 (upbeat music)
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