Gabriela Party-list Rep. Arlene Brosas (left); President Ferdinand "Bongbong" Marcos Jr. (PPAB, Facebook) Gabriela Party-list Rep. Arlene Brosas is doubtful that Marcos government's deal with privately-owned transmission company National Grid...
(MANILA BULLETIN) Is the Philippine government eyeing a takeover of power grid operator National Grid Corporation of the Philippines (NGCP) through the Maharlika Investment Fund (MIF)?House Deputy Minority Leader AAMBIS-OWA Party-list Rep. Lex Anthony Cris...
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 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...
The Maharlika Investment Corp. (MIC) said its investments will focus on four sectors that demonstrate financial stability and contribute to the betterment of the environment and society as a whole. In a briefing on Wednesday, Nov. 15, Rafael D. Consing Jr., MIC president and chief executive...
Rafael Consing Jr., the newly appointed president and chief executive officer of the Maharlika Investment Corp. (MIC), defended the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), insisting that “flexibility” must be assured to create its audit and...
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...
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...
President Marcos’ chief economic manager has assured Saudi business leaders that the Maharlika Investment Fund (MIF) is a safe investment, despite the controversies surrounding it.During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
Malacañang has recalled the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) in order to make adjustments, specifically regarding the appointment of key managers.Sources told Manila Bulletin that the IRR of the law creating the MIF is temporarily halted in order to...
