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...
Petron Corp., the only remaining oil refinery in the country, is once again open to a government takeover, potentially through a partnership with the state-run Maharlika Investment Corp. (MIC). The move comes as the Ramon Ang-led company seeks to address volatile fuel costs, though economists...
Motorists can look forward to smoother and uninterrupted trips as the Department of Public Works and Highways (DPWH) fast-tracked repairs to fully reopen the Maharlika Highway ahead of the Holy Week rush. DPWH Secretary Vince Dizon said Tuesday, March 10, that the ongoing work is part of a...
Tanco-led Asian Terminals Inc. (ATI) has informed the Philippine Stock Exchange (PSE) that it plans to voluntarily delist from the bourse on April 3, 2026, a month after the completion of a ₱6.89-billion tender offer to mop up all minority shares. In its petition for voluntary delisting filed...
The Department of Public Works and Highways (DPWH) will repair all damaged segments of the Maharlika Highway this year to make travel along the country’s longest road from Luzon to Mindanao safer. DPWH Secretary Vince Dizon said Monday, Jan. 12, that roadworks are scheduled to begin within the...
Beginning with pure profit intent, the controversial Maharlika Investment Fund has metamorphosed into a “deemed national development tool,” with income now a secondary goal. So said Stephen CuUnjieng, investment banker and chairman of the Maharlika Investment Committee, during a recent FINEX...
The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
Maharlika Investment Corp.’s (MIC) ₱19.7-billion acquisition play for a 20 percent stake in Synergy Grid and Development Philippines Inc. (SGP), the holding gateway to transmission firm National Grid Corporation of the Philippines (NGCP), failed to close on the original schedule. This failure...
