Department of Finance (DOF) Secretary Ralph Recto on Wednesday, August 14 said that the Maharlika Investment Fund (MIF) has not yet ventured into any investments and has only spent “very minimal” funds. Department of Finance (DOF) Secretary Ralph Recto (Senate PRIB Photo) Recto,...
The Social Security System (SSS) announced that its net revenues for the first three months of the year increased by 60 percent.In a proactive effort to reach its goal of P100 billion in total net income for this year, SSS said that the overall net revenues for the first quarter valued at P33.9...
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 Maharlika Investment Corp. (MIC), an entity that manages the sovereign wealth fund, said it plans to raise $1 billion for energy projects alone by the end of the year.On the sidelines of an economic forum hosted by the German Club Manila, MIC President and Chief Executive Officer Rafael Consing...
Senator Imee Marcos on Tuesday, January 9 said she remains unconvinced over proposals that investing part of the Maharlika Fund in the National Grid Corporation of the Philippines (NGCP) would be the best way to solve the country’s power transmission problems. Marcos pointed out energy...
The National Grid Corporation of the Philippines (NGCP) said the company should not be solely held accountable for the recent Panay power outage, as other parties in the energy sector were also involved.In an interview with the ANC on Monday, Jan. 8, NGCP Spokesperson Cynthia Alabanza said they do...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has collaborated with the Asian Development Bank (ADB) to strengthen its supervision of sovereign wealth funds (SWF).In a statement, Marius P. Corpus, GCG chairperson, said the capacity-building activity offered them an...
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Senators on Wednesday, Oct. 18, welcomed President Marcos' move to suspend the implementation of the controversial Maharlika Investment Fund (MIF).Seeking further study of the law, Marcos issued the suspension through a...
President Marcos has suspended the implementation of the implementing rules and regulations (IRR) of the controversial Maharlika Investment Fund "pending further study."President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)Marcos issued the suspension through a memorandum from Executive Secretary...
President Marcos is set to receive a list of names on Monday, from which he will handpick six individuals to join the board of the Maharlika Investment Corp. (MIC).A total of 29 candidates have successfully met the qualifications for various positions at the MIC, including the roles of president and...
President Marcos has told the international community that the Philippines first investment fund—Maharlika Investment Fund— is run by professionals and not by the government.President Ferdinand 'Bongbong' Marcos Jr. (RTVM/Milken Institute Screenshot)It is similar to the assurance he gave...
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....
