Senate Minority Leader Aquilino Pimentel III on Friday, June 2, warned that the controversial Maharlika Investment Fund (MIF), a pet measure by President Ferdinand Marcos Jr., would not “withstand the scrutiny of the Supreme Court.”
MANILA, Philippines – Senate Minority Leader Aquilino Pimentel III on Friday, June 2, warned that the controversial Maharlika Investment Fund , a pet measure by President Ferdinand Marcos Jr., would not “withstand the scrutiny of the Supreme Court.”
As of posting, Marcos has not yet signed the bill into law, nor has Malacañang announced a schedule for the signing of the priority administration measure.against the Maharlika bill, saying it was a “premature” petition. At the time, the proposed bill had only passed the House of Representatives after being certified urgent by Marcos.
“Thus, I am dousing cold water on projected petitions to challenge the constitutionality of the MIF before the High Court once it is signed into law by President Ferdinand Marcos, Jr.,” he added. “The remedy against an unwise or improvident law is to seek its amendment or repeal by the legislature itself. I do not see any constitutional infirmity in the MIF to merit the Supreme Court’s exercise of judicial review, albeit its being errant in wisdom,” Lagman said.
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