The Maharlika Investment Corp. (MIC) is gaining momentum, as its board has given the green light to the fund's capitalization scheme, the appointment of key management committee heads, and the selection of an interim fund manager. The Department of Finance (DOF) announced that the MIC Board,...
The Department of Finance (DOF) revealed that the Maharlika Investment Corp. (MIC) held its first board meeting on Wednesday, Jan. 3. The meeting, documented in a DOF Facebook update, featured MIC President and CEO Rafael D. Consing, Jr., and Finance Secretary Benjamin E. Diokno, who acted as...
The Maharlika Investment Corp. (MIC), the investment arm of the Maharlika Investment Fund (MIF), gets four new directors, the Presidential Communications Office (PCO) said. President Ferdinand ‘Bongbong’ Marcos administers the oath of four new directors of the Maharlika Investment Corp....
President Marcos has denied allegations that the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act were relaxed to accommodate finance expert Rafael Consing Jr. President Ferdinand 'Bongbong' Marcos Jr. and Maharlika Investment Corporation President and CEO Rafael...
The Maharlika Investment Corp. (MIC) plans to conduct international roadshows with the aim of attracting potential investors to invest their money in the Philippines' first sovereign wealth fund. Rafael Jose D. Consing, Jr., MIC president and chief executive officer, said newly-created fund would...
The Maharlika Investment Corp. (MIC) said its investments will focus on four sectors that demonstrate financial stability and contribute to the betterment of the environment and society as a whole. In a briefing on Wednesday, Nov. 15, Rafael D. Consing Jr., MIC president and chief executive...
Newly appointed Maharlika Investment Corp. (MIC) President and Chief Executive Officer Rafael Consing Jr. rebuffed revelations that he had a pending fraud case filed against him and his mother that could put into question his appointment to the investment fund. Maharlika Investment Corp. President...
Rafael Consing Jr., the newly appointed president and chief executive officer of the Maharlika Investment Corp. (MIC), defended the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), insisting that “flexibility” must be assured to create its audit and...
President Marcos has appointed Rafael Consing Jr. as president and chief executive officer of the Maharlika Investment Corporation (MIC). Rafael Consing Jr. (Photo from Rafael Consing LinkedIn page) Malacañang announced the development on Monday, Nov. 13, two days after the revised...
The Department of Finance (DOF) said on Monday, Nov. 13, that the revisions introduced to the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) act are within the bounds of the law. In a statement, the DOF affirmed the legality of the newly revised IRR for the...
One member of the Advisory Body tasked with finding qualified candidates to lead the Maharlika Investment Corp. (MIC) has supported the new rules that give the President more power in selecting board members. Budget Secretary Amenah F. Pangandaman said the revised implementing rules and regulations...
Monetary Board Member Rosalia De Leon said President Marcos wanted the Board of the Maharlika Investfund Corporation (MIC) to be "insulated from political influence and considerations" when looking for its officers. Monetary Board Member Rosalia De Leon (file) De Leon said this after Malacañang...
