Stay updated with breaking news from Joel Consing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Meanwhile, the Maharlika Investment Corporation is 'very interested' in Francisco Motor's unli jeepney rides program and has agreed to fund the development of its first jeepney terminal
I am heartened to learn that Maharlika Investment Corp. (MIC), the corporate entity behind Maharlika Investment Fund (MIF), is now exploring various investment opportunities in energy and infrastructure projects within the country. The route aligns with the vision of MIF as an investment vehicle supporting economic development while maximizing returns for…
Whether or not the MIC’s interest in the jeepney manufacturer pushes through, Francisco Motors will pursue its plans
MANILA: The Philippines’ first-ever sovereign wealth fund will seek to double its investible capital to 250 billion pesos (US$4.5 billion) in two years to bankroll local infrastructure projects and help spur the economy, according to its top official.
I READ the implementing rules for Maharlika. Nothing much except to follow what the law provides (they are just implementing rules, after all) and really leave any specifics to the board and management. The numerous issues many have brought up remain for them to deal with. Though rules are merely rules so it would be inappropriate and unusual for it to veer away from the law. At least the rules provided for committees and the flexibility to treat the capital of the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LandBank) as needed were provided. A major change from...