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...
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) House Speaker Martin Romualdez has hailed President Marcos' decision to maintain the independence of the Board of Directors of the Maharlika Investment Corporation (MIC). "This move...
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...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda says its now time to "move forward" following the issuance of the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MiF). "Now...
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...
President Marcos now has the power to reject nominees to the Board of Directors of the Maharlika Investment Corporation (MIC) based on the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang file...
President Marcos stated that the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) has been finalized. President Ferdinand 'Bongbong' Marcos Jr. (Bongbong Marcos Facebook) "The Implementing Rules and Regulations of Maharlika Investment Fund have been finalized,"...
President Marcos’ chief economic manager has pitched investment opportunities in the Philippines to leaders of Luxembourg-based funds and business groups. During the Business Forum and Networking Lunch hosted by the Luxembourg Stock Exchange (LuxSE), Finance Secretary Benjamin E. Diokno...
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...
House Speaker Martin Romualdez (Speaker’s office) The whopping $4.26 billion worth of deals secured by President Marcos from his trip to the Kingdom of Saudi Arabia (KSA) could just be tip of the iceberg in terms of forthcoming investments from the oil-rich nation....
