BAYAN MUNA CHALLENGES CONSTITUTIONALITY OF MIF, FILES TRO AT SC
Image Courtesy of: Benjie Cuaresma
BAYAN Muna officials led by Neri Colmerares, BM Rep. Isagani Zarate, and Ferdinand Gaite, lodged a petition on Monday at the Supreme Court challenging the constitutionality of the full implementation of the Maharlika Investment Fund (MIF).
They submitted their request for a temporary restraining order (TRO) against Republic Act 11954, which established the Maharlika Investment Fund Act of 2023.
President Bongbong Marcos Jr. signed RA 11954 into law in July 2023, despite facing strong opposition from lawmakers, business groups, economists, and the academic community.
The attached images feature the Bayan Muna officials as they presented their petition to the Supreme Court on Padre Faura St. in Ermita, Manila.