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...
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...
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...
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...
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...
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...
