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Maharlika Investment Fund
The Maharlika Investment Fund (MIF), also known as the Maharlika Wealth Fund (MWF), is a newly enacted sovereign wealth fund for the Philippines. The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, commercial real estate, and infrastructure projects.The MIF is expected to generate returns that support the government's economic goals, as outlined in the Medium-Term Fiscal Framework, the eight-point Socioeconomic Agenda, and the Philippine Development Plan. Background Legislative process In late November 2022, seven lawmakers in the Philippine House of Representatives, including Martin Romualdez and Sandro Marcos, filed House Bill No. 6398, proposing the creation of a sovereign wealth fund for the Philippines to be known as the Maharlika Wealth Fund (MWF). The fund, if established, would be managed by the Maharlika Investments Corpora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France Castro
Francisca L. Castro (born 1966) is a Filipino educator, trade union activist, and politician. She is a member of the Philippine House of Representatives under the Alliance of Concerned Teachers party-list. In Congress, she is among the principal authors of Republic Act 11466, which increased the minimum monthly salary of nurses in the Philippines. Castro is the former secretary general of ACT. In 2019, she was awarded the Arthur Svensson International Prize for Trade Union Rights for her work organizing teachers and the Febe Velasquez Trade Union Rights Award for her work in defense of trade unions and human rights. Early life and education Castro’s father was a driver and her mother was a housewife. Castro and her four siblings all graduated from public schools. Castro took BSE Math at the Philippine Normal University where she graduated cum laude. She had intended to become an accountant but her family could not afford to send her to a private school. In college, she was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malacañang Palace
Malacañang Palace ( fil, Palasyo ng Malakanyang, ; es, Palacio de Malacañán), officially known as Malacañan Palace, is the official residence and principal workplace of the president of the Philippines. It is located in the Manila district of San Miguel, and is commonly associated with Mendiola Street. The term ''Malacañang'' is often used as a metonym for the president, their advisers, and the Office of the President of the Philippines. The sprawling Malacañang Palace complex includes numerous mansions and office buildings designed and built largely in the bahay na bato and neoclassical styles. Among the presidents of the present Fifth Republic, only Gloria Macapagal Arroyo actually lived in the main palace as both her office and her residence, with all others residing in nearby properties that form part of the larger palace complex. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNN Philippines
CNN Philippines (abbreviated as CNN PH) is a commercial broadcast, cable and satellite television network in the Philippines. It is owned and operated by Nine Media Corporation, together with Radio Philippines Network (RPN) as the main content provider, under license from Warner Bros. Discovery. Replacing 9TV, CNN Philippines was launched on March 16, 2015. CNN Philippines is the fifth local franchise of CNN in Asia, after CNN Indonesia, CNN Türk, CNN Arabic and CNN-IBN (now CNN-News18 in India). CNN Philippines' local programming is produced from the Upper Ground Floor of the Worldwide Corporate Center, Shaw Boulevard corner Epifanio de los Santos Avenue in Mandaluyong. The channel maintains its analog transmitter located at the RPN Compound, #97 Panay Avenue, Brgy. South Triangle, Diliman, Quezon City; while digital transmission facilities are located at the Crestview Subdivision, Barangay San Roque, Antipolo, Rizal. On October 14, 2014, Turner Broadcasting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine News Agency
Philippine News Agency (PNA) is the official news agency of the Philippine government. PNA is under supervision and control of the News and Information Bureau, an attached agency of the Presidential Communications Operations Office. It was established on March 1, 1973 by President Ferdinand Marcos, and currently has its headquarters in Quezon City. History Philippine News Service The Philippine News Service (PNS) was organized in 1950 as a news-gathering cooperative by the publishers of the then major and leading national newspapers: the Manila Times-Mirror-Taliba, '' Manila Chronicle'', ''Manila Bulletin'', ''Philippines Herald'', ''Evening News'', ''Bagong Buhay'', and ''The Fookien Times''. Its main function back then was to supply daily news and photos from the provinces to these newspapers as well as to those in the provinces. Radio and television stations also used the PNS stories for a fixed monthly fee or subscription. Foreign news agencies, such as the ''Associate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nancy Binay
Maria Lourdes "Nancy" Sombillo Binay-Angeles (born May 12, 1973) is a Filipina politician serving as a Senator since 2013. She is the daughter of former Vice President Jejomar Binay. Without any prior experience in government, Binay placed a bid for a seat in the Senate in the 2013 elections and won, placing fifth overall. After being elected, Binay chaired both the Cultural Communities and the Tourism committees of the Senate in the 17th Congress. Binay was re-elected in the 2019 elections for a second consecutive term. Education Binay pursued her elementary and secondary education at St. Scholastica's College, Manila. She entered the University of the Philippines Diliman in June 1991, where she initially studied economics before earning a Bachelor of Science in Tourism degree, graduating in 1997. Political career Nancy Binay is the eldest daughter of the former vice president of the Philippines, Jejomar C. Binay and Dr. Elenita Binay. Nancy Binay is also the older sister of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risa Hontiveros
Ana Theresia Navarro Hontiveros-Baraquel (; born February 24, 1966) is a Filipino politician, community leader, and journalist who has been serving as a senator of the Philippines since 2016. She previously served as a party-list representative for Akbayan from 2004 to 2010. She is the ''de facto'' leader of the opposition to the administration of President Bongbong Marcos, following the end of Vice President Leni Robredo's term. She is a proponent of the SOGIE Equality Bill and an opposition figure to President Rodrigo Duterte, particularly on his controversial war on drugs. She is the older sister of journalists and television hosts Ginggay and Pia Hontiveros. Early life Hontiveros was born on February 24, 1966, in Manila. At age 14, she was part of Repertory Philippines' adaptation of ''The Sound of Music'' as one of the Von Trapp children along with Lea Salonga, Monique Wilson, and Raymond Lauchengco. It was also during this period when she was first introduced to activi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kabataan
Kabataan, also known as the Kabataan Partylist (KPL, ) and formerly known as Ang Nagkakaisang Kabataan Para sa Sambayanan (ANAK ng BAYAN, ), is a partylist in the Philippines affiliated with the leftist political coalition Makabayan. It is currently represented by Raoul Manuel at the Philippine Congress since 2022. According to its website, the partylist represents the youth sector, and aims to "galvanize the Filipino youth’s unity for social change," believing that the youth should "devote its intellect, energy, and courage to building a new society devoid of corruption, inequality, and social injustice." The partylist was first formed in 2001 in the aftermath of the Second EDSA Revolution, and vied for a seat in the Congress in the 2004 elections, where they failed to secure a single seat. However, they managed to secure a single seat in the succeeding elections since then. History Formation The origins of Kabataan can be traced back to the youth group Estrada Resign Yo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raoul Manuel
Raoul Danniel Abellar Manuel (born August 30, 1994) is a Filipino youth activist and politician who is the representative for Kabataan Party-list. He is currently the National President of Kabataan Partylist, previously serving as the president of the National Union of Students of the Philippines. He is a member of the Philippine House of Representatives for the 19th Congress. Education Manuel finished his undergraduate degree of Applied Mathematics in University of the Philippines Visayas and became its first ''summa cum laude''. He became UPV College of Arts and Sciences Student Council Chairperson. After which, in 2016, he became the student regent of the Board of Regents of the University of the Philippines System where he represented 50,000 students. Advocacies Raoul is an education advocate. He called for free education among public tertiary schools and the junking of the socialized tuition system in UP. He criticized the removal of Philippine History among ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albay's 1st Congressional District
Albay's 1st congressional district is one of the three congressional districts of the Philippines in the province of Albay. It has been represented in the House of Representatives of the Philippines since 1916 and earlier in the Philippine Assembly from 1907 to 1916. The district consists of the northern Albay city of Tabaco and adjacent municipalities of Bacacay, Malilipot, Malinao, Santo Domingo and Tiwi. It is currently represented in the 19th Congress by Edcel Lagman of the Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a l ... (LP). Representation history Election results 2022 2019 2016 2013 2010 See also * Legislative districts of Albay References {{coord missing, Bicol Region Congressional districts of the Ph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edcel Lagman
Edcel Castelar Lagman Sr. (, born May 1, 1942) is a Filipino human rights lawyer and politician from the province of Albay. He was elected as a member of the House in 1987 up to the present. He served as Minority Floor Leader of the House of Representatives of the Philippines until 2012, when he resigned the office. Lagman is one of the key Liberal Party figures in the House of Representatives, having supported the Reproductive Health Bill (who he principally authored), the SOGIE Equality Bill, the Free Tertiary Education Act, the Anti-Dynasty Bill, and the Freedom of Information Bill. He is also the principal author of the Divorce Bill, the Human Rights Defenders Bill, the Prevention of Teenage Pregnancy Bill, and the Anti-Child Marriage Bill. Lagman was instrumental to the abolition of the death penalty in the Philippines in 2006 and continues to oppose proposals to reinstate capital punishment in the country. Lagman is also the principal author of a triumvirate of human ri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
