Pres. Marcos Jr., binigyang-diin na mas hinigpitan at hindi niluwagan ang IRR ng MIF

Transcript

00:00 The IRR or Implementing Rules and Regulations of the Maharlika Investment Fund was more strict.

00:05 This was the aim of President Ferdinand R. Marcos Jr. in the times when the IRR was expanded

00:11 so that President and CEO Rafael Consing Jr. could enter.

00:15 According to the President, most of the changes in the IRR

00:18 are aimed to strengthen the power of the Board of Directors of the Maharlika Investment Corporation.

00:24 The President explained that the role of the Board in decision-making is now greater

00:30 compared to the original IRR where the participation of the Executive side is greater,

00:36 which is formed by the President of the country, the Secretary of Finance, and others.

00:40 With this help, the politics of the Maharlika Fund will be more distant and not be affected.

00:48 [MUSIC PLAYING]