SM Investments Corporation (SM Investments) was lauded once again as one of the “World’s Best Employers” for the fourth time by global media firm Forbes. The World’s Best Employers 2023 list, in partnership with market research firm Statista, was made to determine the companies that...
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...
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...
The long-time dream of the country to have a single-connected grid nationwide may take a little longer, as one leg of the infrastructure development toward the concretization of the P51.3 billion Mindanao-Visayas Interconnection Project (MVIP) is being impeded by a temporary restraining order (TRO)...
The Energy Regulatory Commission (ERC) has indicated that transmission firm National Grid Corporation of the Philippines (NGCP) will still be allowed eventually to recoup costs relating to programmed capital expenditure (capex) projects that were disallowed in the partial rate-setting rendered by...
Filinvest REIT Corp.'s (FILRT) net income for the first nine months of this year plummeted by 34.5 percent to P721 million from P1.1 billion in the same period in 2022. In their disclosure to the Philippine Stock Exchange (PSE), their revenues also decreased by 11 percent to P2.22 billion this year...
Transmission firm National Grid Corporation of the Philippines (NGCP) has tossed the blame on the Energy Regulatory Commission (ERC) on its delayed rate-setting; while forthrightly claiming that all of its incurred costs and expenses are ‘legitimate’ and according to the regulatory principles...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
State-owned Bases Conversion and Development Authority (BCDA) invited two Italian businesses to set up or expand their operations in New Clark City. The BCDA delegation urged Italy’s top business associations, Confindustria and The European House Ambrosetti, to take an interest in investing in...
