Maharlika fund's implementing rules may be ready by mid-August: Diokno

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="President Ferdinand Marcos Jr. signs Republic Act 11954 or the Maharlika Investment Fund Act in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila on July 18, 2023. Rolando Mailo, NIB-PNA " src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/life/07/21/20230718-marcos-maharlika-act-pna4432.jpg"/><figcaption>President Ferdinand Marcos Jr. signs Republic Act 11954 or the Maharlika Investment Fund Act in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila on July 18, 2023. <em>Rolando Mailo, NIB-PNA</em></figcaption></figure></div><p>MANILA — The implementing rules and regulations (IRR) of the Maharlika Investment Fund may be out by mid-August, Finance Secretary Benjamin Diokno said Tuesday.</p><p>Speaking on ANC&#x27;s &quot;Headstart,&quot; Diokno said economic managers started the drafting of the IRR shortly after the Senate passed the measure.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/07/18/23/marcos-jr-signs-maharlika-investment-fund-into-law">Marcos Jr. signs Maharlika Investment Fund into law</a></li></ul><p>&quot;I think it should be ready by mid-August, or at the latest by end-August,&quot; he said.</p><p>Diokno said the IRR would be made public.</p><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2743130" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><p>The Maharalika Investment Fund is the Philippines&#x27; inaugural wealth fund and will be allocated across a diverse range of assets.</p><p>Diokno said the selection of board members for the fund was underway. </p><p>&quot;We&#x27;re collecting recommendations... They don&#x27;t have to be Filipino citizens, but they have to have the right credentials,&quot; he said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/22/23/diokno-maharlika-fund-up-and-running-before-end-of-2023">Diokno: Maharlika fund up and running before end of 2023</a></li></ul>

The implementing rules and regulations of the Maharlika Investment Fund may be out by mid-August, Finance Secretary Benjamin Diokno said. 

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Maharlika fund's implementing rules may be ready by mid-August: Diokno

Maharlika fund's implementing rules may be ready by mid-August: Diokno

ABS-CBN News

Published Aug 01, 2023 10:19 AM PHT

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Maharlika Investment Fund

MIF

IRR

implementing rules and regulations

sovereign wealth fund

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