NATIONAL
Advocates Philippines
ACT Denounces President Marcos Jr.'s Signing Of Maharlika Investment Fund Law
Photo credit: Alliance of Concerned Teachers-Philippines
The Alliance of Concerned Teachers (ACT) has released a statement strongly condemning President Marcos Jr.'s recent approval of the Maharlika Investment Fund (MIF) law.
Representing thousands of teachers and education workers across the nation, ACT expresses solidarity with fellow citizens in expressing deep disappointment and concern over the hasty enactment of this controversial legislation.
President Marcos Jr.'s decision to proceed with the creation of the MIF disregards the serious apprehensions raised by the Filipino people regarding the potential for corruption and mismanagement associated with such a fund. Despite widespread rejection, the government has chosen to allocate resources to this sovereign wealth fund, undermining transparency, accountability, and democratic values that have been integral to the Filipino people's struggle for progress.
The establishment of the MIF raises doubts about the government's commitment to the welfare of its citizens, especially when the nation is confronted with significant challenges such as economic instability and an educational crisis. ACT emphasizes the urgency of addressing these pressing issues and urges President Marcos Jr. and the government to prioritize the needs of the Filipino people over questionable financial ventures.
Transparency concerns surrounding the MIF further compound the worries about potential corruption and mismanagement. ACT highlights the necessity for a government that operates with utmost accountability and adheres to ethical practices in managing public funds. The Filipino people deserve full disclosure and assurance that their resources are being handled responsibly.
ACT calls upon the government to reassess its priorities, redirect its focus towards resolving the economic and education crises, and engage in meaningful dialogues with all sectors. It is essential to ensure that policies and programs align with the genuine needs and aspirations of the Filipino people. The government must prioritize issues such as access to quality education, healthcare, employment opportunities, and poverty alleviation, addressing the immediate concerns faced by its citizens.
Representing thousands of teachers and education workers across the nation, ACT expresses solidarity with fellow citizens in expressing deep disappointment and concern over the hasty enactment of this controversial legislation.
President Marcos Jr.'s decision to proceed with the creation of the MIF disregards the serious apprehensions raised by the Filipino people regarding the potential for corruption and mismanagement associated with such a fund. Despite widespread rejection, the government has chosen to allocate resources to this sovereign wealth fund, undermining transparency, accountability, and democratic values that have been integral to the Filipino people's struggle for progress.
The establishment of the MIF raises doubts about the government's commitment to the welfare of its citizens, especially when the nation is confronted with significant challenges such as economic instability and an educational crisis. ACT emphasizes the urgency of addressing these pressing issues and urges President Marcos Jr. and the government to prioritize the needs of the Filipino people over questionable financial ventures.
Transparency concerns surrounding the MIF further compound the worries about potential corruption and mismanagement. ACT highlights the necessity for a government that operates with utmost accountability and adheres to ethical practices in managing public funds. The Filipino people deserve full disclosure and assurance that their resources are being handled responsibly.
ACT calls upon the government to reassess its priorities, redirect its focus towards resolving the economic and education crises, and engage in meaningful dialogues with all sectors. It is essential to ensure that policies and programs align with the genuine needs and aspirations of the Filipino people. The government must prioritize issues such as access to quality education, healthcare, employment opportunities, and poverty alleviation, addressing the immediate concerns faced by its citizens.
Jul 18, 2023
