Zobel-led Ayala Healthcare Holdings Inc. (AC Health) is targeting to grow its outpatient clinic network by up to five branches annually and open more drugstore branches, while looking to acquire at least one hospital this year. “The target is to expand by three to five clinics per year in major...
“If you were handed ₱1.26 billion in fresh capital today, where would it first go?” That was the question the Manila Bulletin asked Maharlika Investment Corp. (MIC), the country’s first sovereign wealth fund manager. Inside the MIC’s boardroom, a capital allocation of ₱1.26 billion is...
The Philippines’ sovereign wealth fund and its state-run oil company are exploring the construction of the country’s first strategic petroleum storage facility, aiming to shield the import-dependent nation from global energy market shocks. Maharlika Investment Corp. (MIC) and the Philippine...
For decades, conventional urban planning in the Philippines operated under a simple, speculative assumption: build the houses, and the people will discover a way to live there. This "housing-first" model treats residential spaces as standalone products. However, the structural realities of the...
To boost the national government’s response to the ongoing energy crisis, the state-run Maharlika Investment Corp. (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr). This remittance represents 75 percent of the fiscal year (FY) 2025 net earnings of the...
Through TARI Estate, Aboitiz Economic Estates continues to expand its footprint into Central Luzon while advancing its role as a developer and operator of smart and sustainable industrial-anchored townships. Recently, the mixed-use industrial development arm of the Aboitiz group announced that the...
VIENNA, Austria — As the Philippines actively lays the foundation for the integration of nuclear power into its national grid, the International Atomic Energy Agency (IAEA) has pledged technical guidance to support the government once it opens dedicated green energy auctions (GEAs) for the...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has exited its bridge loan investment in Makilala Mining Co. Inc. (MMCI), generating an estimated 25-percent annualized return in peso terms while paving the way for additional foreign...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
Aboitiz Economic Estates, a subsidiary of Aboitiz InfraCapital Inc., expects the first 200 hectares (ha) of the 384-ha TARI Estate industrial estate in Tarlac City to be operationally ready before the end of the second quarter of 2026. The firm said in a statement on Monday, May 25, that the...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
At the Aboitiz Equity Ventures (AEV) annual stockholders’ meeting on April 27, the Aboitiz Group stated that the conglomerate will continue to strengthen the operations of its core businesses while advancing strategic growth initiatives. AEV is the active portfolio manager of the Aboitiz Group....
