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Coach Jarret
Run time: 00:58
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00:00.0
Along with that, how could you ensure that the fund won't be used for money laundering, given you will be accepting private funding?
00:08.5
There's two in one there. And his concerns that he had aired, I agree with him.
00:14.0
You cannot use funds of the GOCC, pera ng gobyerno, what will the government spend?
00:20.0
Ito sa proposal. It's not something that we have adopted.
00:24.0
Every single GOCC has its own charter. You will then revise all of those charters to align with the Maharlika Fund.
00:34.0
That's not the purpose of the GOCC, number one.
00:38.0
Si Maharlika Wealth Fund will only serve as a seed money for the Sovereign Wealth Fund.
00:45.0
Then, there will be projects that the Philippines will fund and will go through the Maharlika Wealth Fund.
00:54.0
We can also invest. That's how I understand it now.