Tag: MIF

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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PBBM: 80 potential infra projects “financeable” via Maharlika Investment Fund

(Eagle News)–The government has identified 80 potential infrastructure projects that “are financeable through” the Maharlika Investment Fund, President Bongbong Marcos said. The President issued the statement during the Philippine Economic Briefing in San Francisco, days after the revised implementing rules and regulations of the country’s first-ever sovereign wealth fund were released by the Palace. Noting what he said was the country’s solid economic agenda, the President said the Philippines was “ready to take off as […]

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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 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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