The Maharlika Investment Corp. (MIC) proudly announces that its Chief Legal Officer and General Counsel, Atty. Paul T. Salanga, has been recognized by CEO Insight Asia as one of the “Top 10 General Counsel in the Philippines - 2025.” This prestigious recognition underscores Atty. Salanga’s...
The Department of Energy (DOE) plans to look into the stalled deal between state-run Maharlika Investment Corp. (MIC) and Synergy Grid & Development Philippines, Inc. (SGP), as the transaction documents have remained unclosed for more than 90 days since they signed a binding offer. During a Senate...
Philippine sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) has denied circulating claims that a fraudster serves as the state-run firm’s adviser. In an Oct. 21 statement, MIC said it “unequivocally and categorically denies” that a convicted fraudster from the financing...
As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning and Development (DepDev), and the Maharlika Investment Corp. (MIC), among other agencies. In a...
Maharlika Investment Corp. (MIC), the Philippines’ sovereign wealth manager, aims to generate ₱1.8 billion in gross income this year from the ₱34.9 billion in capital it plans to deploy. According to the state-owned investment fund 's performance scorecard, MIC is targeting a net income...
Two-year-old Maharlika Investment Corp. (MIC) has appointed veteran investment banker Stephen Anthony T. CuUnjieng to its board to oversee investment strategy, evaluation, and approvals. “With deep experience across capital markets, mergers and acquisitions, private equity, venture capital, real...
Around ₱5 billion worth of investments is the figure Maharlika Investment Corp. (MIC) has set upon entering a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will supply electricity to nearly 500,000 off-grid households in the Philippines. Winchell...
Maharlika Investment Corp. (MIC) has entered into a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will bring electricity to off-grid islands in the Philippines. In a LinkedIn post on Sunday, Aug. 24, MIC President and Chief Executive Officer (PCEO)...
A business delegation composed of at least 20 Australian mining companies will come to the Philippines in the second half of 2025 to explore opportunities amid renewed interest among foreign investors in the extractive sector. "There will always be plenty of business missions [from Australia]. We...
Maharlika Investment Corp. (MIC) President and CEO Rafael Jose Consing Jr. has submitted his courtesy resignation, along with the firm’s board of directors, which comes amid the newly formed firm’s planned investment rollout. “I have submitted my unqualified courtesy resignation,” told...
State-backed Maharlika Investment Corporation (MIC) will provide strong support, including a prospective recommendation to President Marcos, for a 25-year extension of the concession agreement for system operator National Grid Corporation of the Philippines (NGCP), allowing it to continue managing...
As sovereign wealth funds (SWFs) abroad also eye the Philippines ' mining sector, Maharlika Investment Corp. (MIC) is stepping up to serve as a vehicle for co-investments. MIC President and Chief Executive Officer (CEO) Rafael D. Consing Jr. told Manila Bulletin last May 8 that an SWF "near...
