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 Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of Wealth and Personal Development Lending Inc. to operate as a lending company for its repeated failure to comply with reportorial requirements and alleged involvement in illegal activities. In a statement,...
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....
A survey conducted by the Social Weather Stations (SWS) revealed that nearly half of Filipinos know almost nothing or nothing at all about the Maharlika Wealth Fund (MWF), also known as the Maharlika Investment Fund. The results of the SWS survey, which was conducted from March 26 to 29, and...
Vision of the MIC: A Philippine economy with world class infrastructures in transport, information technology and communications, renewable energy and large-scale agribusiness ventures. Mission of the MIC: to attract large amounts of Foreign Direct Investment (FDIs) into these sectors. Now,...
Senate Minority Leader Aquilino “Koko” Pimentel III on Thursday, June 8, said that the only viable course of action for Congress to fix some serious errors in the “hastily-approved” Maharlika Investment Fund (MIF) bill is to recall its approval and bring it back to the plenary session for...
The proposed Maharlika Investment Fund (MIF) Act has just been approved by both chambers of Congress and a copy of the enrolled bill will now be sent to Malacañan Palace for President Marcos’ signature. Being a Palace-certified measure, it is expected to be signed into law in a couple of weeks...
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...
The Senate has approved its final version of the proposed Maharlika Investment Fund (MIF) Act on third and final reading early Wednesday, May 31. Senate President Juan Miguel “Migz” F. Zubiri poses for photo with his colleagues during the marathon session early morning Wednesday, May 31,...
The Senate may hold special sessions to accommodate senators’ questions and concerns regarding the proposed Maharlika Investment Fund (MIF) bill this week, Senate Majority Leader Joel Villanueva said on Sunday, May 28. Earlier, Senate President Juan Miguel “Migz” Zubiri said the Senate is...
Senator Francis “Chiz” Escudero on Friday, May 26 expressed concern that the proposed Maharlika Investment Fund (MIF) bill will have the potential to deplete the funds of the two government banks, despite the positive projections aired by state economic managers. Sen. Francis “Chiz”...
(Unsplash) Senator Francis ‘’Chiz’’ Escudero has filed a bill that would enable the Office of the Ombudsman to retain at least 30 percent of the value of the ill-gotten assets acquired from the forfeiture cases that the government won in courts against corrupt public officials. Escudero...
