MIF supporters 'riding on trend'

SENATE Minority Leader Senator Aquilino "Koko" Pimentel 3rd reiterated his opposition to the Maharlika Investment Fund (MIF) because the proponents of the bill are merely "riding" on a trend.

"This [MIF] is already a red flag, or a warning sign, to us that the proponents may not even be serious about this bill and may just be riding on a fad, a trend just to say the Philippines is in the 'in-crowd'," he said in an interview with The Manila Times aired on Friday. "We should not pass laws like this just to feel that we are part of a trend, or taking advantage of a fad among countries."