Join our senior anchor @RicoHizon now on #TheFinalWord

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@RicoHizon The Maharlika Wealth Fund bill proposes ₱250 billion from government pension funds and banks as seed money.

What are its benefits and drawbacks?

We speak with UP Economics Prof. Renato Reside on #TheFinalWord with @RicoHizon | LIVE bit.ly/3UshiF7 Image
@RicoHizon Itbayat, Batanes Councilor Jesie Estoy says “Yaru” is the voluntary coming together of community members to provide free service for the benefit of others within the community. Image
@RicoHizon Estoy says natural disasters that hit Batanes recently have been intensifying. Due to this, he says the local government unit has started training individuals on disaster response.
@RicoHizon Aside from training individuals basic life support skills, Estoy says the agriculture office has initiated research on changing the province’s planting and harvest calendar.
@RicoHizon Estoy says the local government unit joined Galing Pook awards to raise awareness on their disaster management strategies, so other municipalities could adopt their projects.
@RicoHizon International School of Manila superintendent William Brown says the institution has been offering scholarships to change the lives of Filipino students by supporting their education. Image
@RicoHizon Brown says qualifications for scholars include an age standard — the student must be 13 years old by September of 2023. The student must also be proficient in English and show great financial need.
@RicoHizon Brown says only five students among all applicants will be given scholarships.
@RicoHizon ISM scholar Anna Bernice delos Reyes says being a scholar opened many doors for her internationally and helped her travel the world. Image
@RicoHizon Delos Reyes says she someday plans to bring her experiences in the arts and culture to the country. She adds she aims to help Filipino artists have access to opportunities.

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Dec 6
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THREAD: @iampinkywebb goes straight to #TheSource of the story — Senator @sonnyangara | LIVE bit.ly/3PaxBWk Image
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Dec 5
JUST IN: After Minority Leader Koko Pimentel’s lengthy interpellation, the Senate approves the bicameral conference committee report on the ₱5.268-trillion national budget for 2023. | @eimorpsantos

Story soon on cnnphilippines.com
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"Nakakapanghinayang na sa unang budget ng administrasyon, Congress has shown its malleability to the whims of the admin" | @eimorpsantos
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Samahan ang aming chief correspondent at anchor na si @piahontiveros sa #CNNPHNewsNight.

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@piahontiveros GSIS General Manager Wick Veloso on proposed Maharlika Wealth Fund: It was brought up a month ago, but this concept has been there for the longest time... Di lang po natutuloy. (1/2)
@piahontiveros GSIS GM Veloso: Ngayon po, nagbibigay na tayo ng momentum sapagkat magtutulong ang GFIs lagyan ng capitalization ang Maharlika Corp. para ito'y maging investment vehicle to national development (2/2)

RELATED: cnnphilippines.com/business/2022/…
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Dec 5
Samahan si @ruthcabal15 sa #NewsroomNgayon — balita at serbisyo para sa Pilipino.

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@ruthcabal15 DHSUD Usec. Avelino Tolentino III says unlike previous housing projects, the funds of the Pambansang Pabahay para sa Pilipino program comes from the sustainable financial structure where money from private banks can meet the housing interest subsidy.
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Dec 5
A sovereign wealth fund is a state-owned investment fund comprised of money generated by the government, often derived from a country's surplus reserves. #CNNPHAsks bit.ly/3ULH9IB
Funds of the proposed Maharlika Wealth Fund will be sourced from major pension funds and government banks, namely GSIS, SSS, Land Bank, and DBP.

The MWF would boost a "fund that will take care of future generations," Finance Secretary Ben Diokno said.
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Certain provisions of the bill have to be clarified, like where the fund's seed money will come from and who will manage the fund, Senate Minority Leader Koko Pimentel said. bit.ly/3ULH9IB
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