The Commission on Human Rights (CHR) expressed its full support to the enactment into law of Senate Bill (SB) No. 2664 that aims to curb electronic or cyber vote-buying and vote-selling. SB 2664, filed by Sen. Grace Poe, aims to strengthen Section 261 of the Omnibus Election Code by explicitly...
As a state, the Philippines has the right to enact its own laws, a senior state counsel said, emphasizing that the effectivity of the law does not depend on whether or not other countries, like China, recognize it. On Friday, Nov. 8, President Marcos signed into law the Philippine Maritime Zones...
The Maharlika Investment Corporation, the management that runs the state’s wealth fund, said it has finalized its governance structure, as well as its principles and framework in deciding investments. During a meeting presided over by Finance Secretary and MIC Chairperson Ralph G....
The Maharlika Investment Corporation (MIC) is set to enter an international governing body that will ensure effective operation and strengthen transparency of the state's wealth fund. This following the approval of MIC's proposal to apply for Associate Membership in the International Forum of...
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 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...
Malacañang has recalled the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) in order to make adjustments, specifically regarding the appointment of key managers. Sources told Manila Bulletin that the IRR of the law creating the MIF is temporarily halted in order to...
The Advisory Body for the Maharlika Investment Corp. (MIC) has received a considerable number of applications for the six vacant positions on the board of directors of the sovereign wealth fund. The Advisory Body, which consists of the Department of Budget and Management (DBM), National Economic...
Ready to join Maharlika Investment Corp. (MIC)? The Bureau of the Treasury is on the hunt for top-notch managers to lead the country’s sovereign wealth fund. According to the advisory on the Treasury website, nominations and applications for the MIC's Board of Directors are now officially open....
The Bureau of the Treasury has released the implementing rules and regulations (IRR) that will govern the Maharlika Investment Fund (MIF), paving the way for the official establishment of the country's first sovereign wealth fund. Now that the IRR has been officially published, it is worth...
Ayala-led ACEN Corporation has partnered with Norwegian Investment Fund (Norfund) for targeted provision of solar solutions that will cater to the energy needs of telecommunications companies in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), ACEN indicated that the proposed...
President Ferdinand “Bongbong” Marcos Jr. cannot veto portions of the proposed Maharlika Investment Fund (MIF) Act that he doesn’t approve of, Sen. Sherwin Gatchalian said on Thursday, June 1. Gatchalian said the right course would be for the President to remand the bill back to...
