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...
The Department of Energy (DOE) will be locking horns with system operator National Grid Corporation of the Philippines (NGCP) to resolve the “ mismatch ” in the country’s transmission development game plan, to ensure that the grid actually delivers where the capacities are needed....
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...
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...
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...
