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MANILA, Philippines --- Senators Grace Poe and Sonny Angara expressed their support on Monday for the proposal to sell nonperforming government assets to fund the Maharlika Investment Fund (MIF). The government has recently started exploring possible sources of funds to bankroll the proposed sovereign wealth fund. "They are called assets, but some are nonperforming or problematic, riddled by corruption and mismanaged --- thus, may be handled better by the private sector," Poe said in a statement. "The sale however should be done transparently to the highest bidder. The buyer's credibility should be considered. The proceeds of the sale should be well accounted for and should dir...

Keep on reading: Poe, Angara back proposal to sell gov’t assets for Maharlika fund
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