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Manila Bulletin devider Business devider Banking & Finance devider Maharlika speeds up ₱1.4-billion dividend to fight energy crisis

Maharlika speeds up ₱1.4-billion dividend to fight energy crisis

Published Jun 15, 2026 02:47 pm

At A Glance

  • To boost the national government's response to the national energy emergency, the state-run Maharlika Investment Corporation (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr).
To boost the national government’s response to the ongoing energy crisis, the state-run Maharlika Investment Corp. (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr).
This remittance represents 75 percent of the fiscal year (FY) 2025 net earnings of the country’s first sovereign wealth fund manager, exceeding the 50 percent minimum required for government-owned and -controlled corporations (GOCCs).
In a statement on Monday, June 15, the MIC noted that its board of directors specifically authorized the accelerated payout to provide the national government (NG) with immediate, critical resources to navigate the emergency. By surpassing the standard dividend requirement, MIC aims to give the state greater fiscal flexibility to address urgent national priorities.
“This remittance reflects MIC’s continued commitment to responsible stewardship of public resources and support for the NG’s priorities,” MIC President and Chief Executive Officer (CEO) Rafael D. Consing, Jr. said.
“As the country responds to the challenges arising from the state of national energy emergency, MIC is working to contribute additional resources while continuing to pursue its mandate of generating sustainable returns for the Filipino people,” Consing added.
Despite the accelerated payout percentage, MIC’s latest remittance is down five percent from its previous dividend payment of ₱1.45 billion.
Under Republic Act (RA) No. 7656, or the Dividend Law, GOCCs are mandated to remit at least half of their annual net earnings as dividends to the national government. However, the Department of Finance (DOF) has actively urged state firms to raise their contributions to 75 percent to maximize non-tax revenues.
Dividends from state-run firms remain a vital pillar of non-tax revenue for the government, funding priority programs and capital expenditure without necessitating new tax measures.
Last year, total GOCC remittances reached ₱114.6 billion, down from a record-high ₱138.5 billion in 2024. This contraction was primarily driven by a sharp decline in contributions from the Bangko Sentral ng Pilipinas (BSP), which had heavily anchored state collections for two consecutive years.
Meanwhile, state coffers have received a significant liquidity injection during the opening months of the year. Rebounding from its 2025 slump, the BSP remitted a record ₱59 billion in the first two months alone. (Derco Rosal)

Related Tags

Maharlika Investment Corp. (MIC) Rafael D. Consing Jr. Energy Emergency Bureau of the Treasury (BTr)
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