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PH showcases PPPs, infra, and investment opportunities to Singapore-based investors
The economic team, led by Finance Secretary Benjamin E. Diokno, held the seventh Philippine Economic Briefing (PEB) in Singapore on June 15, 2023 at the Fullerton Hotel to showcase the country’s robust growth and new investment opportunities. “We will harness private capital and expertise through the public-private partnership mechanism. This will be critical in upgrading…
Newly enacted Maharlika Investment Fund to serve as vehicle for growth
President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 11954, otherwise known as the Maharlika Investment Fund (MIF) Act of 2023, establishing the Philippines’ first sovereign wealth fund aimed at boosting the country’s economic growth, on July 18, 2023 at the Malacañan Palace in Manila. The Fund is designed to catalyze economic development…
Investment-Related Procurement
Maharlika Investment Corporation is exploring areas of potential investments in infrastructure, energy, healthcare, resource development, and agriculture. The organization is scanning the field for legal, financial, technical, and other related professional advisors that will provide guidance as the prospective projects undergo the process of evaluation. This serves as a call for credentials to experts in…
Debates on Maharlika Investment Fund bill underway, econ managers seek enactment before SONA
The economic managers, led by Finance Secretary Benjamin E. Diokno, are seeking the approval of Senate Bill No. 2020 establishing the Maharlika Investment Fund (MIF) on third reading before session adjourns on June 2, 2023. “The Maharlika Investment Fund bill is making significant progress in the Senate, and we hope to see it signed into…
Diokno presents Maharlika Investment Fund as tool for economic development
Finance Secretary Benjamin Diokno presented the Maharlika Investment Fund (MIF) as a tool for economic development to the business community during the Asia CEO Forum entitled “Maharlika Wealth Fund: Financing the Future” on February 24, 2023 at the Manila Marriott Hotel. “The Maharlika Investment Fund, which shall be the country’s first-ever sovereign investment fund, is…
Senate takes up Maharlika Investment Fund Bill in plenary
Senator Mark Villar, Chairperson of the Committees on Banks, Financial Institutions and Currencies, sponsored on March 20, 2023 Committee Report No. 58, recommending the approval of Senate Bill No. 2020 or the proposed Maharlika Investment Fund (MIF) Act in plenary session. “As the Philippines’ first-ever sovereign wealth fund, it is designed to catalyze economic development…