The Maharlika Investment Corporation (MIC) has plans to invest in the country’s energy sector, particularly in the National Grid Corporation of the Philippines (NGCP), to lower energy costs and transform it into a more reliable and resilient grid to power communities. National Grid Corporation of...
House Speaker Martin Romualdez (Speaker's office) The Maharlika Investment Corporation (MIC) should consider investing in the National Grid Corporation of the Philippines (NGCP) amid the "challenges" being faced by the power grid operator. Thus, said...
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...
President Marcos' foreign trips have elicited a whopping P4.019 trillion or $72.178 billion in investment pledges for the country, Malacañang said Tuesday, Dec. 26. Citing data consolidated by the Department of Trade and Industry (DTI), the Presidential Communications Office (PCO) said the...
The property market proved its resilience as capital values across Metro Manila’s commercial districts sustained their levels throughout 2023 despite local and global headwinds. In a media presentation, Leechiu Property Consultants Inc. Senior Manager for Investment Sales Erika Manasan said some...
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...
TOKYO, Japan —Nine investment pledges amounting to P14 billion were secured by the Philippines from Japanese investors during President Marcos' trip here. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Yummie Dingding/PPA Pool) President Marcos disclosed that new memorandum of...
TOKYO, Japan —More than five business deals with Japanese investors will be signed during the visit of President Marcos here. DTI Secretary Alfredo Pascual (Photo courtesy of PPA Pool/Yummie Dingding)) Trade Secretary Alfredo Pascual disclosed that the Philippines is looking to seal over...
Renewable energy firm Alternergy Holdings Corp. announced plans to borrow money for eco-friendly power projects recently awarded by the government to its subsidiaries. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, Alternergy said it plans to sell fixed-rate green bonds...
