News Formal

Citi awaiting Maharlika Fund investment opportunities

  • 📰 gmanews
  • ⏱ Reading Time:
  • 18 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Business And Industry News

Citi Philippines,Maharlika Investment Corp,Maharlika Investment Fund

Citi is interested in exploring investment opportunities in the Maharlika Investment Corp. (MIC) —the state-run firm managing the Philippines’ sovereign wealth fund.

American banking giant Citi expressed interest in exploring potential investment opportunities in the Maharlika Investment Corp. —the state-run firm managing the Philippines’ very first sovereign wealth fund.“If there are opportunities within the Maharlika framework then we are very much happy to look into that as well,” Citi Philippines CEO Paul Favila said in a chance interview at the sidelines of the Indo-Pacific Investment Forum in Taguig City on Tuesday.

The MIC is governed by a nine-member board of directors made up of the Finance Secretary as chairperson, the MIC president and CEO, the Land Bank of the Philippines president and chief executive officer, the Development Bank of the Philippines president and CEO, two regular directors, and three independent directors from the private sector.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BCDA, Maharlika fund manager sign deal to explore investment projectsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Maharlika, BCDA ink MOU for possible investment opportunitiesThe Bases Conversion and Development Authority (BCDA) and the Maharlika Investment Corp. (MIC) on Monday inked a memorandum of understanding for the two agencies to explore potential collaboration opportunities.
Source: gmanews - 🏆 11. / 68 Read more »

Migration of Citi business weighs on UnionBank Q1 net incomeAboitiz-led Union Bank of the Philippines saw a decline in its first-quarter bottom line, as the lender saw higher operating costs to support the migration of the Citi Consumer business into its systems.
Source: gmanews - 🏆 11. / 68 Read more »