Rep. Reynan Arrogancia
QUEZON Province Third District Representative Reynan Arrogancia expressed gratitude to President Ferdinand Marcos, Jr for recognizing the significance of the transformative legislation following the signing of the Maharlika Fund bill on Tuesday.
“Ang MIF ay hahawi ng landas tungo sa masagana at matatag na kinabukasan para sa Bagong Pilipinas, at magbubukas ng mga bagong oportunidad para sa paglago at pag-unlad ng iba’t ibang sektor ng ating ekonomiya, lalo pa sa aming mga taga-kanayunan,” said Arrogancia.
The newly-signed law gives foreign and local investors an added option on how to make their investible funds earn. This becomes one among many options and caters to specific types of clientele or kinds of investors, depending on the appetite for earnings and risks.
“MIF will be a great addition to foreign direct investments. FDIs are investments that actually happen on the ground, build businesses, grow the environment for other businesses whether downstream, upstream, and lateral enterprises, and most importantly, create jobs,” the solon added.
“Foreign direct investments come with the intense commitment in the future of the country and host communities. The Maharlika Fund combined with attracting foreign direct investments is a potent combination. Bringing in FDI means ease of doing business, infrastructure, transparency, integrity in business, and economic policies that make workers, investors, and host communities welcome and interact harmoniously,” Arrogancia concluded.
