00:00 President Ferdinand R. Marcos Jr. clarified the implementation of the Maharlika Investment
00:05 Fund, or MIF, law will push through before the year ends.
00:10 The Chief Executive made this clarification after being slightly alarmed upon reading
00:15 in newspapers that the MIF has been put on hold.
00:19 President Marcos Jr. earlier today pushed through with his trip to the Kingdom of Saudi
00:24 Arabia to attend the ASEAN Gulf Cooperation Council Summit and to attract more investments.
00:32 What I have done though is that we have found more improvements that we can make specifically
00:39 to the organizational structure of the Maharlika Fund.
00:44 The concept of the Maharlika Fund as a sovereign fund or an investment fund, the concept remains
00:51 a good one and we are still committed to having it operational before the end of the year.
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