Dati kasi, puwede lang pumili ang pangulo sa mga napili na ng Advisory Body na binubuo ng mga Budget at Economic Secretary, at ng National Treasurer.
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Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 10:30 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.
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NewsTranscript
00:00 The President added to the selection of the offices of the corporation of the MAHARLICA Investment Fund.
00:08 Based on the new implementing rules and regulations of the MIF Act,
00:12 the President has the power to accept, reject, or add nominees to the President and Board Members of the MAHARLICA Investment Corporation.
00:22 In the past, the President can only choose from the advisory bodies chosen by the Budget and Economic Secretary and the National Treasurer.
00:32 First, House Deputy Minority Leader Franz Castro questioned the freedom and fairness of the use of the National Fund
00:41 due to the added power of the President in the implementation of the MIC Officials.
00:46 However, House Speaker Martin Romualdez said that it is better for the MIC Officials to make decisions because of the new IRR.
00:56 It is also no longer subject to politics.
00:59 The MIC President and Board of Directors will decide where the fund will be distributed.
01:05 The new IRR is also supported by the Department of Finance.
01:09 It will show the commitment of the administration to make the MAHARLICA Investment Fund operational before the end of the year.
01:18 In the interview of Super Radio DZBB, Elbay representative Joey Salceda said that he is one of those who supports the MAHARLICA Investment Fund
01:27 that will strengthen the MIC Board and the President will be more accountable in choosing Board Members.
01:34 It is more important to know now what investment should be focused on like water, transportation or energy.
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01:58 [♪♪♪]