San Miguel Corporation (SMC) President and Chief Executive Officer Ramon S. Ang has issued a public warning about a deepfake video that falsely depicts him endorsing an investment opportunity. Ang on Monday, Feb. 17, took to Facebook to denounce the fraudulent video, explaining that scammers used...
State-owned Maharlika Investment Corporation (MIC) has inked an agreement with Thailand’s Charoen Pokphand Group Co., Ltd. (CP Group), aiming to raise up to $1 billion or about ₱58.03 billion. Under the memorandum of understanding (MOU) signed on Saturday, Feb. 8, the MIC and CP Group...
The country’s investment houses are considering an agreement to carve out among themselves equally the huge $1 billion to $1.5 billion initial public offering (IPO) of Globe Fintech Innovations, Inc. (Mynt), which owns top e-wallet GCash. This is according to Investment House Association of the...
Gabriela Party-list Rep. Arlene Brosas (left); President Ferdinand "Bongbong" Marcos Jr. (PPAB, Facebook) Gabriela Party-list Rep. Arlene Brosas is doubtful that Marcos government's deal with privately-owned transmission company...
While there have been potential foreign institutions interested to invest in the country's first sovereign wealth fund, it has yet to secure any investment from President Marcos' foreign trips. MIC President Rafael Consing Jr. (RTVM) "Wala pa (Nothing so far)," Maharlika Investment Corporation...
Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation's (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). MAIDEN INVESTMENT — President Ferdinand 'Bongbong' Marcos Jr. with Maharlika Investment Corp. (MIC)...
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
The Maharlika Investment Corporation (MIC) has expressed interest in acquiring China's stake in the National Grid Corporation of the Philippines (NGCP), following its recent share acquisition in Synergy Grid and Development Philippines Inc. (SGP). In a briefing on Tuesday, Jan. 28, MIC President...
Synergy Grid and Development Philippines Inc. (SGP) has accepted a binding offer from the state-run Maharlika Investment Corporation (MIC) for a 20-percent stake to secure a foothold in the National Grid Corporation of the Philippines (NGCP), Malacañang said. MAIDEN INVESTMENT — President...
BDO Unibank Inc. (BDO) continues to help drive economic progress through strategic investments in the development of critical infrastructure, particularly in mass transportation and energy sectors. Recognizing the pivotal role of robust infrastructure in enticing foreign investors, BDO...
(MANILA BULLETIN) Is the Philippine government eyeing a takeover of power grid operator National Grid Corporation of the Philippines (NGCP) through the Maharlika Investment Fund (MIF)? House Deputy Minority Leader AAMBIS-OWA Party-list Rep. Lex...
Bases Conversion and Development Authority (BCDA) President and CEO Engr. Joshua M. Bingcang led the official signing of residential lease agreement with Forest Cabin lessee, Metro Pacific Investment Corp. Director Victorico Vargas. Also present at the event was BCDA Chairperson Hilario B. Paredes...
