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Senator Chiz Escudero has called for more “earning guarantees” in the Maharlika Fund bill, which would allow the sovereign fund to surpass the 6% income threshold that two state-owned banks presently earn from their investments. Without “benchmark in yields,” Escudero warned that the billions the Land Bank of the Philippines (LBP) and the Development Bank […]
The state-run Social Security System (SSS) is bound to be among the topmost beneficiaries of the country’s revitalized mining sector, a senior member of Congress said on Sunday. “The SSS has a substantial equity investment in one of the largest new mining ventures in the country,” Makati City Rep. Luis Campos Jr said in a […]
Senator Grace Poe asked the Anti-Money Laundering Council (AMLC) to give the Senate a written report on the efforts and challenges it is facing in a bid to strike the Philippines off the Financial Action Task Force’s (FATF) grey list. “We expect a substantial update from the AMLC on the concrete steps and direction we […]