News Formal

Maharlika Corp. seen to start investment activities in Q1 2024 —Diokno

  • 📰 gmanews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Maharlika 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.

Maharlika Investment Corporation , 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. During his weekly media briefing, Finance Secretary Benjamin Diokno expressed optimism that the Maharlika Investment Fund will be fully operational by the end of 2023.

The MIC’s Board of Directors will be composed of a president and CEO; the Finance secretary, who will serve as the ex-officio chairperson; the presidents of Land Bank of the Philippines and Development Bank of the Philippines; two regular directors; and three independent directors from the private sector. Diokno said once the MIC Board is complete, it will conduct its first meeting, marking the operationalization of the sovereign wealth fund.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 11. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Philippine Government Releases Revised IRR for Maharlika Investment FundMANILA, Philippines: The government on Saturday released the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) that gives authority to the President to handpick those who will join the board of the Maharlika Investment Corp. (MIC).
Bron: TheManilaTimes - 🏆 2. / 92 Lees verder »

Malacañang releases revised implementing rules and regulations of Maharlika Investment Fund ActMalacañang has released the revised implementing rules and regulations of the Maharlika Investment Fund Act.
Bron: gmanews - 🏆 11. / 68 Lees verder »