[Vantage Point] Landbank’s P182-million belated retreat
Prolonged financial paralysis is never a harmless administrative technicality
Prolonged financial paralysis is never a harmless administrative technicality
While Maharlika is earning money, its reliance on short-term placements and investments in established businesses leaves the promised additional development benefits unclear
One bank official says that in her 32-year banking career, encashing P125 million for an agency — the OVP — was a first for her
A bank official confirms seeing two Office of the Vice President officials put P125 million in cash inside four bags, complementing a claim made by Sara Duterte’s alleged bagman Ramil Madriaga on what happened on December 20, 2022
Three years after its creation, the overwhelming majority of Maharlika’s capital still sits in banks collecting interest, though the sovereign wealth fund has cautiously started investing in ports, power, and mining