“The evolution of the MIF plan has been moving on during the days after 25 December when the proposal to build up the money pool was drafted.

will take their time on the bill. Pimentel, living up to his role as an obstructionist, wanted the measure junked despite a certification from Marcos that it is a priority measure.

The House, in contrast, approved House Bill 6608 on final reading before adjourning for the Christmas break.

Senate President Juan Miguel “Migz” Zubiri earlier said the Senate will tackle the proposed measure but not as a priority, which is a statement loaded with meaning in challenging its being classified as urgent by Malacañang.

“It’s a move to tie the hands of Congress, particularly the Senate, on the controversial measure,” he said.

It was good that Pimentel qualified that the Senate was the problem in the creation of the MIF since the House had expeditiously passed the bill.

Pimentel was wrapped in his bloated ego in believing that Marcos will bother with the laggard Senate and go all the way to Switzerland just to put pressure on the chamber to approve the bill.

It is not BBM’s problem if the Senate does not share the sense of urgency in pursuing a quick rebound for the economy from the desolation caused by the pandemic.

The Senate may put gauntlets on the bill but the strategists of BBM have drawn alternatives to prod the sovereign wealth program to attract the investments the nation needs particularly on infrastructure.

The IPO route would be a way to submit the proposed sovereign wealth fund to a vote from investors.

Marcos and his team are keeping the entire proposal close to their chest.

The program is expected to unravel during the socalled “soft launch” of the MIF during the Switzerland global meeting.