OFW organizations are backing Pag-IBIG Fund’s plan to increase members' monthly savings rate this year, agency officials announced last January 16, 2024. After gaining support from labor and employer groups, Pag-IBIG Fund's plan also received nods from the Kapisanan ng mga Kamag-anak at...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez rubbed elbows with elite sovereign wealth fund managers and top government leaders as he spearheaded the Philippine delegation's participation at the 2024 annual meeting of the...
President Marcos’ newly appointed finance secretary, Ralph G. Recto, said he would ensure that the Maharlika Investment Fund (MIF) will “operate in fidelity with the law and fulfill its intended objectives.” The MIF, which is the country’s first wealth fund, is managed by the Maharlika...
Pag-IBIG Fund secured the support of the Federation of Free Workers (FFW), one of the country’s top labor organizations, in its plan to increase the nearly four-decade old mandatory monthly savings rate for both members and their employers starting January 2024, officials stated Monday (08...
Bicol Saro Party-list Rep. Brian Raymund Yamsuan (Rep. Yamsuan's office) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has reiterated his proposal to utilize the Maharlika Investment Fund (MIF) in kickstarting the modernization of the Bicol Express...
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...
The National Grid Corporation of the Philippines (NGCP) said the company should not be solely held accountable for the recent Panay power outage, as other parties in the energy sector were also involved. In an interview with the ANC on Monday, Jan. 8, NGCP Spokesperson Cynthia Alabanza said they do...
The Home Development Mutual Fund (HDMF), also known as the Pag-IBIG Fund, got an ally in its implementation of increase in the mandatory savings rate for all its members starting this month from a big labor group which argued that rise in contribution for both members and employers will improve the...
House Speaker Martin Romualdez (Speaker's office) The Maharlika Investment Corporation (MIC) should consider investing in the National Grid Corporation of the Philippines (NGCP) amid the "challenges" being faced by the power grid operator. Thus, said...
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...
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) is looking into a proposal setting a debt ceiling that would determine whether the national government should increase or decrease its borrowing. Finance Secretary Benjamin E. Diokno said the DOF will consider the International Monetary Fund's (IMF) proposal to adopt...
