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Featured Article

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Here are the stories that made headlines in 2022, including the 2022 presidential elections in May, the deaths of former president Fidel V. Ramos in July and of Communist Party of the Philippines founder Jose Maria Sison in December, and the killing of broadcaster Percy Lapid in October.


Featured Portal

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The Battle of Bud Bagsak was fought from 11 June to 15 June 1913, during the Moro Rebellion phase of the Philippine–American War. The defending Moro fighters were fortified at the top of Mount Bagsak on the island of Jolo, Sulu. The attacking Americans were led by General John 'Black Jack' Pershing. The Moros were entirely annihilated, including their leader, Datu Amil.


Pinoy of the Day

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Napoleón Abueva (January 26, 1930 – February 16, 2018) was an artist, regarded as the father of modern Philippine sculpture. He worked with various materials, including hardwood, adobe, metal, stainless steel, cement, marble, bronze, iron, alabaster, coral, and brass. In 1976, he was hailed as a National Artist for sculpture.

Abueva was the first Filipino artist to hold a one-man exhibit at the Philippine Center in New York, in 1980. His works include the Sandugo shrine in Barangay Bool, Tagbilaran City. It is located at the site where Spanish explorer Miguel López de Legazpi and Bohol chieftain Datu Sikatuna performed a blood compact on March 16, 1565, which signified the first treaty of friendship between Spaniards and Filipinos.

Ask Mindy

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"What is the Maharlika Investment Fund? Why has it been met with opposition?"


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The Maharlika Investment Fund (MIF), also known as Maharlika Wealth Fund (MWF), is a proposed sovereign wealth fund for the Philippines. A sovereign wealth fund is a state-owned fund that invests in real and financial assets such as stocks, bonds, real estate, and precious metals, as well as alternative investments like hedge funds and private equity.

The MIF was proposed by lawmakers allied to President Bongbong Marcos, including his son Sandro Marcos and brother-in-law Martin Romualdez. In late November 2022, the lawmakers filed House Bill 6398, which proposed the fund. After President Marcos certified the bill as urgent, it was passed on its third reading in the House of Representatives on 15 December, with 279 congressional votes against only six opposing it.

Groups have aired their concern regarding the Maharlika Investment Fund, particularly when it was initially reported that the Government Service Insurance System (GSIS) and the Social Security System (SSS) were obliged to contribute to it. People feared their contributions to the social insurance systems would be compromised if invested in the fund.

Opposition leaders, meanwhile, questioned the very nature of the fund. Gabriela Representative Arlene Brosas remarked, “This is a poorly and hastily designed sovereign wealth fund that has all the indications of opening pathways to corruption and unscrupulous use of public funds, as this proposal institutes various regulatory exemptions to the Maharlika Investment Corporation.”

Economists have also expressed their opposition to the bill, saying there is no “missing institution” that requires the creation of a sovereign wealth fund.

Pinoy Flashback

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  • January 26, 1821 – Governor-General Mariano Fernandez de Folguerax and Archbishop Luis de Arrejola issued instructions for the election of Filipino deputies to the Spanish Cortes.
  • January 26, 1954 – President Ramon Magsaysay issued EO No. 8 prohibiting the slaughtering of carabaos, horses, mares, and cows, for a period of one year unless authorized by the secretary of agriculture and natural resources. He emphasized that indiscriminate slaughtering had resulted in a scarcity of animals and a rise in the price of carabaos.


To learn more about Philippine history and literature, visit Filipiniana.net

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