The Department of Public Works and Highways (DPWH) is aiming to complete by July 2025 the full connection of the Subic-Clark-Tarlac Expressway (SCTEX) to the Maharlika Highway in Nueva Ecija through the Central Luzon Link Expressway (CLLEX) Phase I. DPWH Senior Undersecretary Emil K. Sadain said...
State-backed Maharlika Investment Corporation (MIC) is muscling up its energy game, as it just recently brought in former National Power Corporation (NPC) President Ma. Gladys Cruz-Sta Rita in its executive team as Vice President of Investment Management Group, a strategic hire that could help beef...
Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment. In a telephone interview on...
Caritas Philippines president Bishop Jose Colin Bagaforo (CBCP) Caritas Philippines, the Catholic Church’s social action arm, has expressed concerns over the Maharlika Investment Corporation's (MIC) decision to provide a $76.4 million bridge loan to Makilala Mining Company Inc., a local affiliate...
Maharlika Investment Corporation (MIC), which manages the Philippines’ sovereign wealth fund, is set to provide a bridge loan facility worth $76.4 million to Makilala Mining Co. Inc. (MMCI), the Philippine affiliate of Australia-based Celsius Resources Ltd. In a disclosure to the Australian...
State-owned Maharlika Investment Corporation (MIC) has inked an agreement with Thailand’s Charoen Pokphand Group Co., Ltd. (CP Group), aiming to raise up to $1 billion or about ₱58.03 billion. Under the memorandum of understanding (MOU) signed on Saturday, Feb. 8, the MIC and CP Group...
Gabriela Party-list Rep. Arlene Brosas (left); President Ferdinand "Bongbong" Marcos Jr. (PPAB, Facebook) Gabriela Party-list Rep. Arlene Brosas is doubtful that Marcos government's deal with privately-owned transmission company...
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...
