Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment.In a telephone interview on...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year.During a Senate committee hearing with the country’s economic managers, Recto confirmed that the...
A study that would address the problem of the supply of electricity in Palawan is now underway, President Marcos said.President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)In his speech during the distribution of assistance to communities severely affected by El Niño in Puerto Princesa, Marcos...
The Maharlika Investment Corp. (MIC) unveiled its new company logo that aims to symbolize dedication to building a prosperous future for the Philippines.Inspired by the majestic Philippine Eagle, the state-run firm governing the Maharlika Investment Fund (MIF) said the logo embodies strength and...
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...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP).This decision comes following the approval by the MIC Board, chaired by Finance Secretary...
House Speaker Martin Romualdez (Speaker’s office) The House Speaker Martin Romualdez-led Philippine delegation to this year's World Economic Forum (WEF) have successfully drummed up interest for the country and its nascent Maharlika Investment Fund...
House Speaker Martin Romualdez (Speaker’s office) With its unique demographic advantage, ongoing economic reforms, and synergy with the Association of Southeast Asian Nations (ASEAN), the Philippines makes for an ideal destination for foreign investment, according to...
House Speaker Martin Romualdez (2nd from right) tells potential foreign investors at the World Economic Forum (WEF) in Davos, Switzerland that now is the time to invest in the Philippines' Maharlika Investment Fund. (Speaker’s office) House Speaker Martin...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez rubbed elbows with elite sovereign wealth fund managers and top government leaders as he spearheaded the Philippine delegation's participation at the 2024 annual meeting of the World...
President Marcos’ newly appointed finance secretary, Ralph G. Recto, said he would ensure that the Maharlika Investment Fund (MIF) will “operate in fidelity with the law and fulfill its intended objectives.”The MIF, which is the country’s first wealth fund, is managed by the Maharlika...
Bicol Saro Party-list Rep. Brian Raymund Yamsuan (Rep. Yamsuan's office) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has reiterated his proposal to utilize the Maharlika Investment Fund (MIF) in kickstarting the modernization of the Bicol Express...
