A senior member of Congress wants all future national government royalties from forthcoming offshore natural gas projects in the West Philippine Sea to be put in the Maharlika Investment Fund (MIF) – the proposed state-sponsored social wealth savings meant to accumulate for the enjoyment of future generations of Filipinos. “We would highly recommend that all potential government earnings from prospective undersea gas development projects – excluding those from Malampaya – should accrue to the MIF,” Surigao del Sur Rep. Johnny Pimentel said in a statement.

Future West PHL Sea gas bonanza should be invested in sovereign wealth fund - lawmaker. (2022, December 13). DailyGuardian, pp. 1, 11.