Malacañang disclosed that the Maharlika Investment Corp. (MIC)—Maharlika Investment Fund's (MIF) governing body— held its first board meeting on Wednesday, Jan. 3. (Photo courtesy of PCO) The Presidential Communications Office (PCO) said on Thursday that the MIC Board met to discuss fund...
The Maharlika Investment Corp. (MIC) is gaining momentum, as its board has given the green light to the fund's capitalization scheme, the appointment of key management committee heads, and the selection of an interim fund manager. The Department of Finance (DOF) announced that the MIC Board,...
The Department of Finance (DOF) revealed that the Maharlika Investment Corp. (MIC) held its first board meeting on Wednesday, Jan. 3. The meeting, documented in a DOF Facebook update, featured MIC President and CEO Rafael D. Consing, Jr., and Finance Secretary Benjamin E. Diokno, who acted as...
President Marcos has denied allegations that the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act were relaxed to accommodate finance expert Rafael Consing Jr. President Ferdinand 'Bongbong' Marcos Jr. and Maharlika Investment Corporation President and CEO Rafael...
The Maharlika Investment Corp. (MIC) plans to conduct international roadshows with the aim of attracting potential investors to invest their money in the Philippines' first sovereign wealth fund. Rafael Jose D. Consing, Jr., MIC president and chief executive officer, said newly-created fund would...
The Maharlika Investment Corp. (MIC) said its investments will focus on four sectors that demonstrate financial stability and contribute to the betterment of the environment and society as a whole. In a briefing on Wednesday, Nov. 15, Rafael D. Consing Jr., MIC president and chief executive...
President Marcos has appointed Rafael Consing Jr. as president and chief executive officer of the Maharlika Investment Corporation (MIC). Rafael Consing Jr. (Photo from Rafael Consing LinkedIn page) Malacañang announced the development on Monday, Nov. 13, two days after the revised...
The Department of Finance (DOF) said on Monday, Nov. 13, that the revisions introduced to the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) act are within the bounds of the law. In a statement, the DOF affirmed the legality of the newly revised IRR for the...
One member of the Advisory Body tasked with finding qualified candidates to lead the Maharlika Investment Corp. (MIC) has supported the new rules that give the President more power in selecting board members. Budget Secretary Amenah F. Pangandaman said the revised implementing rules and regulations...
Monetary Board Member Rosalia De Leon said President Marcos wanted the Board of the Maharlika Investfund Corporation (MIC) to be "insulated from political influence and considerations" when looking for its officers. Monetary Board Member Rosalia De Leon (file) De Leon said this after Malacañang...
The President now has more flexibility in choosing the key manager for the Maharlika Investment Corp. (MIC), while some of the requirements for the president and chief executive officer (PCEO) have been relaxed. The revised rules of the Maharlika Investment Fund (MIF) act now grant the President...
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, October 22 supported calls for President Ferdinand “Bongbong” Marcos Jr. to return the contributions given by the LandBank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to the Maharlika Investment...
