State-run Maharlika Investment Corp. (MIC), manager of the Philippines’ first sovereign wealth fund, expects to become a regular member of the International Forum of Sovereign Wealth Funds (IFSWF), a global organization that promotes good governance, transparency, and accountability among SWFs....
The Philippine Technology Transfer Act has failed to commercialize publicly funded research and development (R&D) despite 15 years of implementation, leaving technology transfer at a “nascent stage,” according to state-run policy think tank Philippine Institute for Development Studies (PIDS)....
HD Hyundai Heavy Industries Philippines Inc. launched its first locally constructed vessel from its Subic Bay shipyard, signaling the full-scale operational rollout of the South Korean conglomerate 's shipbuilding operations in the country. The vessel, named Orion Jade, is the first of four...
ALPE D 'HUEZ, France (AP) — Tadej Pogacar launched a stunning solo attack from the foot of the iconic Alpe d 'Huez to win the 19th stage of the Tour de France and extend his overall lead on Friday, July 24. Even by the four-time Tour champion 's lofty standards, it was up there...
State-run Maharlika Investment Corp. (MIC)—which is targeting ₱25 billion in capital deployment this year—said it is performing in line with its mandate despite being one of the world’s youngest sovereign wealth funds (SWFs). This comes on the back of the recently published IE University...
As running continues to gain popularity among Filipinos, developers are transforming their estates into communities that support active lifestyles. Beyond hosting races and fun runs, many are investing in parks, jogging paths, pedestrian-friendly streets, and open spaces that encourage people to...
The World Bank has released an initial $248 million, or over ₱15 billion, from its $1-billion financing for the Philippines to jumpstart the government’s ambitious agriculture modernization program aimed at boosting food production, strengthening climate resilience, and modernizing food supply...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
Engineering firm EEI Corp. is raising ₱4 billion through the issuance of preferred shares by way of private placement to pay off loans and finance the construction of projects it has recently secured. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, July 15, the firm said its...
Manila Mayor Francisco “Isko Moreno” Domagoso has ordered health officials to intensify monitoring of W.I.L.D. diseases -- waterborne illnesses, influenza-like infections, leptospirosis, and dengue -- as continuous rains heighten the risk of outbreaks in the city. Domagoso directed Manila...
The Marcos administration expects five more state-run companies to join the elite group of top-tier dividend contributors next year, accelerating its push to squeeze non-tax revenues from government entities to fund infrastructure without introducing new taxes. Finance Secretary Frederick D. Go...
“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...
