this post was submitted on 11 Nov 2023
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Philippines

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New Maharlika IRR removes specific safeguards, eases requirements for top positions (www.rappler.com)
submitted 1 year ago by decadentrebel to c/philippines
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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

All these theatrics just to steal the money of the populace

Edit: they really doubling down

https://www.gmanetwork.com/news/topstories/nation/888107/romualdez-defends-amendments-to-maharlika-fund-irr/story/?amp

This comes as Malacañang released the MIF's revised IRR, giving the president authority to accept or reject nominees

It also removed the specific advanced educational degree requirements for those who can be appointed to manage the sovereign wealth fund.

[–] [email protected] 1 points 1 year ago

all too easy when there's no checks and balances.

  1. be president
  2. nominate self
  3. ???
  4. profit