The President now has more flexibility in choosing the key manager for the Maharlika Investment Corp. (MIC), while some of the requirements for the president and chief executive officer (PCEO) have been relaxed. The revised rules of the Maharlika Investment Fund (MIF) act now grant the President...
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, October 22 supported calls for President Ferdinand “Bongbong” Marcos Jr. to return the contributions given by the LandBank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to the Maharlika Investment...
Finance Secretary Benjamin E. Diokno said that despite the temporary suspension of its implementing rules, the Marcos administration will continue to seek investments from Saudi Arabia for the Maharlika Investment Fund (MIF). Diokno, who is part of President Marcos' official delegation to Riyadh,...
One of President's economic managers said the Marcos administration will carefully review every provision in the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. Budget Secretary Amenah F. Pangandaman said on Thursday, Oct. 19, that the economic managers align...
Albay 1st district Rep. Edcel Lagman (Screenshot from Zoom) Independent minority solon Albay 1st district Rep. Edcel Lagman said on Wednesday, Oct. 18 that the controversial Maharlika Investment Fund (MIF) has yet to be saved by a foreign investor. ...
Malacañang has recalled the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) in order to make adjustments, specifically regarding the appointment of key managers. Sources told Manila Bulletin that the IRR of the law creating the MIF is temporarily halted in order to...
The Department of Finance (DOF) said the International Monetary Fund (IMF) has commended the government's newly-formed Maharlika Investment Corp. (MIC), recognizing its contribution to the country's infrastructure initiatives. Finance Secretary Benjamin E. Diokno said the IMF has acknowledged the...
The shortlist of candidates for the board of directors of the Maharlika Investment Corp. (MIC) was officially submitted to President Marcos, the Department of Budget and Management (DBM) said. The Advisory Body, consisting of the DBM, the National Economic and Development Authority, and the Bureau...
