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8.6 pct Maharlika equity return 'difficult': Pimentel

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/life/06/05/20230605-villar-pimentel.jpg" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/life/06/05/20230605-villar-pimentel.jpg"/></figure></div><p>MANILA — Senate Minority Leader Koko Pimentel on Monday countered Sen. Mark Villar&#x27;s projection that the proposed Maharlika Investment Fund would generate a possible 8.6 percent return on equity annually.</p><p>Speaking to ANC, he said an 8.6 percent return would be tough to achieve as the world faces a difficult economic situation.</p><p>&quot;That projection of 8.6 [percent], sabi ko nga, that&#x27;s a very brave and positive projection but that still remains a projection and the world economy is in a bad shape,&quot; he told &quot;Headstart&quot;.</p><p>Pimentel noted that the manager of Norway&#x27;s sovereign wealth fund said that &quot;in the next 10 years it is very, very difficult to generate that returns&quot;.</p><p>&quot;How much will we spend in hiring the different kinds of experts and their support staff so that we will be able to successfully generate returns in a very difficult world economic situation?&quot; he added.</p><p>Pimentel previously urged President Ferdinand Marcos Jr. to veto the proposal and give Congress more time to scrutinize the MIF.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/05/31/23/congress-approves-final-version-of-maharlika-investment-fund-bill">Congress approves final version of Maharlika Investment Fund bill</a></li></ul><p>The bill now only needs Marcos&#x27; signature to become law.<br/>The country&#x27;s economic managers have insisted the MIF would greatly benefit the Philippine economy.</p><p>They have asserted the MIF would provide government with a longtime source of income and ease the burden of the national government by providing additional funding for priority projects.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/05/31/23/marcos-assures-public-state-pension-funds-out-in-maharlika">Marcos assures public: State pension funds out in Maharlika</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2640688" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Pimentel countered Villar's projection that the proposed Maharlika Investment Fund would generate a possible 8.6 percent return on equity annually.