State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
Already the fastest growing sport in the country, pickleball – the racquet sport that combines elements of tennis, table tennis and badminton – is set for a major breakthrough in the Philippines with the launch of the Maharlika Pilipinas Pickleball Tour (MPPT) later this year. Similar to what...
The Maharlika Investment Corp. (MIC), the country’s sovereign wealth fund manager, has moved to exit its initial position in a key mining venture by transferring a ₱600 million loan facility to an Indian industrial group, the fund’s first significant capital recycling move. According to the...
With Iran announcing the reopening of the Strait of Hormuz and a possible war deal finally taking shape, the Philippine government’s so-called “energy emergency response” now appears to be a dithering strategy. It looks more like the state sprinted into a trap door—akin to buying a fire...
The Maharlika Investment Corp. (MIC) is shifting its strategy for the Philippines’ planned strategic petroleum reserve, opting to finance storage infrastructure rather than purchasing fuel to avoid exposure to volatile global commodity prices. Rafael D. Consing Jr., MIC president and chief...
The flight from Manila to Masbate is a quick 70-minute jump. But on this trip last Monday, April 13, for the 30th Rodeo Festival, the passenger list was a bit more exclusive than usual. First Lady Liza Araneta-Marcos headed to the country’s rodeo capital at the invitation of Maloli...
Sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) is pivoting its financing toward energy infrastructure to strengthen national energy security amid a period of sustained volatility in oil markets. In an interview with CNBC last week, MIC President and Chief Executive Officer...
Murang Kuryente Party-list Rep. Arthur Yap has suggested what he described as a "more intelligent" use of the Maharlika Investment Fund (MIF) amid the economic hardships that the country is going through due to the fuel price crisis. Yap made this pitch during the first marathon hearing of the...
TACLOBAN CITY – The Department of Public Works and Highways (DPWH) regional office here said the damaged Samar section of Maharlika Highway is cleared from obstructions this Holy Week, heeding the directive of Secretary Vince Dizon. DPWH Eastern Visayas Regional Director Edgar Tabacon said they...
GUMACA, Quezon – Department of Public Works and Highways Secretary Vince Dizon conducted another inspection of the Maharlika Highway here on Monday, March 30. Dizon, accompanied by Department of Public Works and Highways 4-A Director Carol Pastrana and Gumaca Mayor Webster Letargo, visited the...
