MANILA: The country’s top-performing government financial institutions (GFIs) on Tuesday expressed their full support for House Bill 6398, which seeks the creation of a sovereign wealth fund (SWF).   HB 6398, primarily authored by Speaker Martin G. Romualdez, calls for the establishment of the Maharlika Wealth Fund (MWF), which would be patterned after the SWFs of other countries, to maximize the profitability of investible government assets for the benefit of all Filipinos.   During Tuesday’s hearing of the House Committee on Banks and Financial Intermediaries on the proposed measure, representatives from the Government Service Insurance System (GSIS), Social Security System

MANILA: Cavite Rep. Elpidio Barzaga Jr. on Tuesday called for a congressional investigation into the Bureau of Fisheries and Aquatic Resources’ (BFAR) crackdown on the unauthorized sale of imported frozen fish in wet markets.   He said BFAR should explain the legal basis of its undergoing campaign against the sale of imported pompano and pink salmon.   Barzaga said there is a need to investigate if the BFAR is correct in claiming that the move was based on laws and regulations such as the Philippine Fisheries Code of 1998 (Republic Act No. 8550), Fisheries Administrative Order (FAO) 195, Fisheries Memorandum

MANILA : President Ferdinand R. Marcos Jr. on Tuesday met with the officials of the Department of National Defense (DND) to discuss the 10-point defense agenda.   The meeting between Marcos and Defense officials led by DND officer-in-charge Undersecretary Jose Faustino Jr. was held at the State Dining Room of Malacañan Palace in Manila, according to a Facebook post by state-run Radio Television Malacañang (RTVM).   Faustino, during the meeting, presented to Marcos the DND’s 10-point defense agenda which will help the agency boost its capability to deal with national security issues, the Office of the President (OP) said in