CEBU CITY – The National Bureau of Investigation-Central Visayas (NBI-7) has arrested a woman from Naga City, southern Cebu allegedly involved in an investment scam. Eva Ferraris made her victims believe that she was a rice trader and enticed them to invest in her business, said NBI-7 Director...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
Ready to join Maharlika Investment Corp. (MIC)? The Bureau of the Treasury is on the hunt for top-notch managers to lead the country’s sovereign wealth fund. According to the advisory on the Treasury website, nominations and applications for the MIC's Board of Directors are now officially open....
The Department of Budget and Management (DBM) said the Advisory Body of the Maharlika Investment Corp. (MIC) will submit the names of nominees responsible for overseeing the country's sovereign wealth fund to Malacañang by mid-October. Budget Secretary Amenah F. Pangandaman told Manila Bulletin on...
The Bureau of the Treasury has released the implementing rules and regulations (IRR) that will govern the Maharlika Investment Fund (MIF), paving the way for the official establishment of the country's first sovereign wealth fund. Now that the IRR has been officially published, it is worth...
The Bureau of the Treasury released the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) following comprehensive consultations with the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). Finance Secretary Benjamin E. Diokno said the...
CEBU CITY – Metro Cebu will certainly benefit from the Maharlika Investment Fund (MIF), Sen. Mark Villar assured. Villar said the MIF, the country's first-ever sovereign investment fund, will provide the country more funds for infrastructure, agriculture, and energy projects. “I’m excited...
A Japanese official has wished for the Philippines' success in managing its Maharlika Investment Fund, especially in the country's infrastructure agenda. President Ferdinand 'Bongbong' Marcos Jr. and Chief Representative of Japan’s Komeito Party Natsuo Yamaguchi (Photo courtesy of KJ...
Metro Pacific Investments Corporation, a diversified conglomerate led by businessman Manuel V. Pangilinan, expects to exceed its core earnings target of P16.1 billion for 2023—higher than its pre-pandemic record core profit of P15.6 billion. During a media briefing, MPIC Chief Finance, Risk and...
(MANILA BULLETIN) If the Philippine Amusement and Gaming Corporation's (Pagcor) interpretation of the Maharlika Investment Fund (MIF) Law is spot on, then the agency could end up contributing between P3.6 billion and P4 billion to the sovereign wealth fund. ...
An American company is planning to invest up to $1 billion for the expansion of its Clark and Baguio City facilities in the country, Malacañang announced. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) American microprocessors manufacturer Texas Instruments...
Senator Sherwin Gatchalian on Friday, August 4 echoed assessments that President Ferdinand “Bongbong” Marcos Jr.’s request of a higher allocation for his official travels for next year is justifiable. Sen. Sherwin Gatchalian (Senate PRIB Photo) Gatchalian pointed this out...
