Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
The Maharlika Investment Corporation (MIC) is set to delve into investment prospects for the major infrastructure and development projects of Clark International Airport Corp. (CIAC) in Clark. In a statement, Special Assistant to the President (SAP) for Investment and Economic Affairs, Secretary...
The Maharlika Investment Corp. (MIC), the agency that manages the sovereignty wealth fund, said it will focus its investments on energy transmission lines across regions. MIC President and Chief Executive Officer Rafael D. Consing Jr., said that there are already many investments in generation and...
Maharlika Investment Corp. (MIC), the operator of the country's sovereign wealth fund, has partnered with the Bases Conversion and Development Authority (BCDA) to explore investment opportunities for its properties, including Clark Freeport and Special Economic Zone. BCDA President and Chief...
The Maharlika Investment Corp. (MIC) unveiled its new company logo that aims to symbolize dedication to building a prosperous future for the Philippines. Inspired by the majestic Philippine Eagle, the state-run firm governing the Maharlika Investment Fund (MIF) said the logo embodies strength and...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
The Maharlika Investment Corp. (MIC) deliberated on the strategic direction of the fund, with Finance Secretary Ralph G. Recto assuming the role of the new chairperson. The Department of Finance (DOF) reported that on Friday, Jan. 26, Recto chaired the second board meeting of the MIC. Last Jan. 7,...
House Speaker Martin Romualdez (Speaker’s office) 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...
Senator Imee Marcos on Tuesday, January 9 said she remains unconvinced over proposals that investing part of the Maharlika Fund in the National Grid Corporation of the Philippines (NGCP) would be the best way to solve the country’s power transmission problems. Marcos pointed out...
Maharlika Investment Corp. (MIC) President and Chief Executive Officer Rafael Consing Jr. believes that a probable investment by the sovereign fund into the National Grid Corporation of the Philippines (NGCP) will be profitable, as well as bring stability to the grid and power communities across...
The Maharlika Investment Corporation (MIC) has plans to invest in the country’s energy sector, particularly in the National Grid Corporation of the Philippines (NGCP), to lower energy costs and transform it into a more reliable and resilient grid to power communities. National Grid Corporation of...
Malacañang disclosed that the Maharlika Investment Corp. (MIC)—Maharlika Investment Fund's (MIF) governing body— held its first board meeting on Wednesday, Jan. 3. (Photo courtesy of PCO) The Presidential Communications Office (PCO) said on Thursday that the MIC Board met to discuss fund...
