The recently ratified Maharlika Investment Fund (MIF) bill still needs to be signed by Senate President Juan Miguel Zubiri before being transmitted to Malacañang for the signing into law of President Ferdinand R. Marcos Jr.

This was the update given by Deputy Senate Majority Leader Joseph Victor Ejercito in a press briefing on Tuesday.

“I know that the enrolled copy is ready for the signature of the Senate President and then after which, it will be transmitted to Malacañang,” Ejercito told reporters saying that Zubiri is currently in an official travel to Washington D. C.

“Since, [the] SP [Senate President] is in the US, one of the options is for [Senate] Secretary [Renato] Bantug to bring it for signature then it will be forwarded to Malacañang,” he added.

Ejercito also said that the Senate is “definitely proud” of ratifying the MIF bill after the House of Representatives concurred to the Senate version during the bicameral conference.

“The Senate version is much much different already from the original version. We made sure in the Senate that all the safeguards, safety nets were added in the bill,” he said.

The lawmaker also clarified that the conflicting provisions, particularly Sections 50 and 51 of the bill, was already fixed.

The establishment of MIF, according to the Marcos administration’s economic managers, is part of the Medium-Term Fiscal Framework, 8-Point Socioeconomic Agenda and Philippine Development Plan 2023-2028 which are all instruments in pursuing the country’s economic transformation. (PNA)