THE Maharlika Investment Corporation has yet to identify firms where it can potentially invest, Finance Secretary Ralph Recto said Wednesday, August 14, 2024. During a Development Budget Coordination Committee briefing, Recto, who also serves as the chairperson of the body, said the P125 billion initial capitalization of the MIC remains intact over a year since Republic Act No. 11954, also known as Maharlika Investment Fund , was enacted.
, executive director of the Office of the Presidential Adviser for Investment and Economic Affairs , as president and chief executive officer of the MIC. The MIC serves as the primary vehicle for mobilizing and utilizing the MIF for investments in transactions aimed at generating optimal returns on investments .