Maharlika Investment Fund explained: Its managers, ventures and safeguards

THE revised implementing rules and regulations of the controversial Maharlika Investment Fund Act of 2023 that creates the country's first sovereign wealth fund were approved on Friday, November 10, 2023, paving the way for the fund's implementation which, President Ferdinand Marcos Jr. has said, will be within the year.

The bonds and debentures may be long-, medium- or short-term, with fixed or floating interest rate. The revised IRR states that such obligations shall be secured by the assets under the management of the MIC.Are the bonds issued by the MIC guaranteed by the Philippine government?No.

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Maharlika Corp. seen to start investment activities in Q1 2024 —DioknoMaharlika Investment Corporation (MIC), the state-owned company that will manage the country’s first sovereign wealth fund, is expected to begin its investment activities in the first quarter of 2024.
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Rafael Consing Jr. is Maharlika Investment Corp. chiefPresident Ferdinand Marcos Jr. has appointed Rafael Consing Jr. as President and Chief Executive Officer of the Maharlika Investment Corporation.
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