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

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

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).
Source: TheManilaTimes - 🏆 2. / 92 Read more »

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.
Source: gmanews - 🏆 11. / 68 Read more »