News Formal

Revised IRR of Maharlika Investment Fund Act approved

  • 📰 sunstaronline
  • ⏱ Reading Time:
  • 15 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 59%

Finance News

Revised,Implementing Rules And Regulations,Maharlika Investment Fund Act

The revised implementing rules and regulations (IRR) 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 revised implementing rules and regulations (IRR) 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. On Monday, Nov. 13, Marcos appointed Rafael D. Consing Jr.

, executive director of the Office of the Presidential Adviser for Investment and Economic Affairs, as president and chief executive officer of the Maharlika Investment Corp., the government-owned and -controlled corporation (GOCC) that will govern and manage the sovereign wealth fund

 

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

 /  🏆 18. in US

United States United States Latest News, United States United States Headlines

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

Maharlika Investment Fund explained: Its managers, ventures and safeguardsSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »

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

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.
Source: ABSCBNNews - 🏆 5. / 83 Read more »