Malacañang disclosed that the Maharlika Investment Corp. (MIC)—Maharlika Investment Fund's (MIF) governing body— held its first board meeting on Wednesday, Jan. 3. (Photo courtesy of PCO) The Presidential Communications Office (PCO) said on Thursday that the MIC Board met to discuss fund...
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 Department of Finance (DOF) revealed that the Maharlika Investment Corp. (MIC) held its first board meeting on Wednesday, Jan. 3. The meeting, documented in a DOF Facebook update, featured MIC President and CEO Rafael D. Consing, Jr., and Finance Secretary Benjamin E. Diokno, who acted as...
ILOILO CITY – Following the ongoing massive blackout that hit Panay Island, the Department of Energy (DOE) reiterated on Wednesday the reminder to the National Grid Corp. of the Philippines (NGCP) to adhere to its responsibilities as system operator (SO). “NGCP is in a position to anticipate...
The National Grid Corporation of the Philippines (NGCP) reported ongoing power restoration efforts in parts of Visayas that are affected by the Panay power plant shutdown. According to an update as of 6:00AM on Wednesday, Jan. 3, the NGCP said that 144.2 megawatts (MW) of power was being served by...
To overcome backlog on system impact studies (SIS) for targeted massive renewable energy (RE) installations as well as for other power projects in the country, the Energy Regulatory Commission (ERC) has enforced processes on the accreditation of third party-entities that will aid system operator...
Luxury finds a new home in the idyllic outskirts of Baguio City. Bern, a four-tower high-end residential complex by Vista Land & Lifescapes Inc., will soon rise amid the splendor of this fog-kissed highlands — with its wooded slopes, the crisp mountain air, majestic pine trees, and...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
With all the distractions on the road during this holiday season, there’s nothing better than having a second pair of eyes watching out for possible dangers when driving. That second pair of eyes can be found in the latest Isuzu mu-X and D-Max, and it’s called the Advanced Driver Assist...
The Maharlika Investment Corp. (MIC), the investment arm of the Maharlika Investment Fund (MIF), gets four new directors, the Presidential Communications Office (PCO) said. President Ferdinand ‘Bongbong’ Marcos administers the oath of four new directors of the Maharlika Investment Corp....
Metro Pacific Investments Corporation (MPIC), through wholly-owned subsidiary Metro Pacific Agro Ventures Inc. (MPAV), has amended its agreement to acquire a strategic stake in coconut products producer Axelum Resources Corp. by subjecting the acquisition to profitability targets. While Axelum...
The Millennium Challenge Corp. (MCC), a US foreign aid agency, said the Philippines has demonstrated renewed commitment to improve governance, human rights, and fighting corruption. In a statement, Alice Albrigh, MCC chief executive officer, said that Philippines has met threshold...
