While there have been potential foreign institutions interested to invest in the country's first sovereign wealth fund, it has yet to secure any investment from President Marcos' foreign trips. MIC President Rafael Consing Jr. (RTVM) "Wala pa (Nothing so far)," Maharlika Investment Corporation...
Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation's (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). MAIDEN INVESTMENT — President Ferdinand 'Bongbong' Marcos Jr. with Maharlika Investment Corp. (MIC)...
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
The Maharlika Investment Corporation (MIC) has expressed interest in acquiring China's stake in the National Grid Corporation of the Philippines (NGCP), following its recent share acquisition in Synergy Grid and Development Philippines Inc. (SGP). In a briefing on Tuesday, Jan. 28, MIC President...
Synergy Grid and Development Philippines Inc. (SGP) has accepted a binding offer from the state-run Maharlika Investment Corporation (MIC) for a 20-percent stake to secure a foothold in the National Grid Corporation of the Philippines (NGCP), Malacañang said. MAIDEN INVESTMENT — President...
(MANILA BULLETIN) Is the Philippine government eyeing a takeover of power grid operator National Grid Corporation of the Philippines (NGCP) through the Maharlika Investment Fund (MIF)? House Deputy Minority Leader AAMBIS-OWA Party-list Rep. Lex...
Development Bank of the Philippines (DBP) said it will request an extension of regulatory relief from the central bank, following its investments in the Maharlika Investment Fund (MIF), while the Land Bank of the Philippines (Landbank) does not see the need for it. On the sidelines of the 2025...
State-run Maharlika Investment Corp. (MIC) admitted that it is encountering difficulties in complying with the Governance Commission for government-owned and controlled corporations (GCG). Rafael D. Consing Jr., MIC president and chief executive officer, disclosed that the oversight body for...
Department of Finance (DOF) Secretary Ralph Recto on Wednesday, August 14 said that the Maharlika Investment Fund (MIF) has not yet ventured into any investments and has only spent “very minimal” funds. Department of Finance (DOF) Secretary Ralph Recto (Senate PRIB Photo) ...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
The Securities and Exchange Commission and Philippine Stock Exchange have issued separate warnings to the public against scammers who lure investors with images of President Marcos and the bourse’s logo. The SEC is advising the public not to engage with Bagong Bansang Maharlika (BBM)...
The Maharlika Investment Corporation (MIC) is set to delve into investment prospects for the major infrastructure and development projects of Clark International Airport Corp. (CIAC) in Clark. In a statement, Special Assistant to the President (SAP) for Investment and Economic Affairs, Secretary...
