Tag: Maharlika fund

Maharlika eyes investment in NGCP to strengthen PHL’s energy sector

(Eagle News)–Maharlika Investment Corporation (MIC) president Rafael Consing Jr. has expressed support for the proposal to strategically invest a part of the country’s sovereign wealth funds in the National Grid Corporation in the Philippines. Under Republic Act No. 11954, the MIC is the sole vehicle responsible for mobilizing and utilizing the country’s Maharlika Investment Fund for investments aimed at generating optimal returns for the Philippines for its long-term development. In expressing support for the proposal […]

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Maharlika Fund IRR revision made to give Board more independence: IRR review group member

(Eagle News)–The specific qualifications of Maharlika Investment Corp.’s officers were removed from the MIF implementing rules and regulations to give the Board of Directors “more independence.” This is according to Monetary Board Member and former Treasurer of the Philippines Rosalia De Leon, a member of the review group of the Maharlika Investment Fund Act’s IRR. President Bongbong Marcos had ordered the review of the Act’s initial IRR to ensure that safeguards are in place in […]

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President Bongbong Marcos clarifies Maharlika Fund implementation to push through

(Eagle News) — President Bongbong Marcos on Thursday, Oct. 19, clarified that the implementation of the Maharlika Investment Fund Law will push through. He said he was “still committed to having (the MIF) operational before the end of the year.” “I would just like to make a comment because one of the important aspects of this trip will be for us to introduce the Maharlika Investment Fund to the rest of the world and certainly, […]

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President Bongbong Marcos touts Maharlika Fund in 10th Asia Summit in Singapore

(Eagle News)–President Bongbong Marcos  invited businesses to invest in the Philippines in his speech during the 10th Asia Summit in Singapore, noting the ease of doing business in the country. According  to the Presidential Communications Office, during his speech, the first-ever made in the summit by a sitting Philippine President, the President also touted the Maharlika Investment Fund, which he said was the government’s way of tapping the country’s reserves for investments without increasing borrowings. […]

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