House Speaker Martin Romualdez floated the possibility of using the Maharlika Investment Fund (MIF) to help local auto manufacturers as the industry adjusts to the needs of the Public Utility Vehicle Modernization Program (PUVMP).

"Ang priority po natin ay (Our priority is) Philippine-made [modern jeepneys] as this will bring out Philippine jobs and all other benefits," Romualdez said during a dialogue with representatives of Sarao Motors and Francisco Motors on Friday, Jan. 26.

The Speaker noted that similar to the power sector, the local transportation industry-particularly the PUV manufacturers-should be included among the priority investments of the Maharlika Investment Corporation (MIC).

https://mb.com.ph/2024/1/26/ma....harlika-fund-can-hel