RICHEST PINOYS URGED TO INVEST IN MAHARLIKA

THE Marcos administration is open to striking joint ventures with the country’s richest Filipinos once the Maharlika Investment Fund (MIF) becomes operational, National Treasurer Rosalia de Leon said in a press briefing on Saturday.

“We’re hopeful. We can also do some joint ventures with our conglomerates, co-investments on infrastructure projects,” De Leon said. She assured the public that the soonto-be-formed Maharlika Investment

Corp. (MIC) would properly evaluate each investment.

President Ferdinand Marcos Jr. said Thursday the Palace would scrutinize the revisions in the MIF bill but promised to sign the measure as soon as he gets it.

De Leon said the MIC board of directors would craft investment and risk management strategies where the public could see the possible returns of the projects.

“It will go through a very rigorous screening process – what will be the returns and risks. There are also risk mitigating measures that would be identified to ensure that we can monitor and at the same time adjust all those risks,” she said.

“It will still pass through a procurement process. So, with that alone, we can see that it will be assessed thoroughly and that the investment we will venture into complies with the investment strategy that would be approved by the board,” she added.

In Brief

470K GUN PERMITS NOT NOT YET RENEWED—PNP

THE Philippine National Police (PNP) encourages gun owners to practice responsible gun ownership and firearms safety discipline.

During the opening ceremony of the 17th Tactical, Survival and Arms Expo, PNP directorial staff head Maj. Gen. Emmanuel Peralta also called on the gun owners to register their firearms to ward off problems. Peralta bared that around 470,000 firearms were still unregistered ahead of the Barangay and Sangguniang Kabataan Elections (BSKE) in October this year.

“We have at least 470,000 unrenewed firearms, we are targeting these (firearms) to process the before the countdown for the BSK Elections on October 28, this year,” said Peralta.

“Ang objective namin ay lahat ng unrenewed firearms na ito ay maregister para mabawasan ang possibility na it can be used for crime especially crimes involving political candidates,” he added.

Charles Dantes

Solon Eyes Complete Database On Seniors

Air Force soldier comes in handy with his fire hose to drench participants of the three-day Regada Festival in Cavite City, comprising of games, street dancing, photo exhibit, trade fair, concert, and water splash in celebration of the Feast of St. John, the Baptist. Joseph Muego