Diokno: Marcos Jr. to get shortlist of Maharlika managers on Sept. 29

Job Manahan, ABS-CBN News 

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="President Ferdinand R. Marcos Jr. signs Republic Act 11954 or the Maharlika Investment Fund Act in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila on July 18, 2023. Rolando Mailo, NIB-PNA" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/09/25/20230718-marcos-maharlika-act-pna4433.jpg"/><figcaption>President Ferdinand R. Marcos Jr. signs Republic Act 11954 or the Maharlika Investment Fund Act in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila on July 18, 2023. <em>Rolando Mailo, NIB-PNA</em></figcaption></figure></div><h3>Diokno on getting Maharlika top spot: I don&#x27;t respond to rumors</h3><p>MANILA — The shortlist on who will head the Maharlika Investment Corporation (MIC) would be submitted to President Ferdinand Marcos, Jr. on Sept. 29, Finance Secretary Benjamin Diokno said. </p><p>Diokno said they already got &quot;many&quot; applicants for potential Maharlika Investment Fund managers. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/19/23/search-for-maharlika-fund-execs-continues-despite-sc-petition-diokno">Search for Maharlika Fund execs continues despite SC petition: Diokno</a></li></ul><p>The deadline for the application is on Sept. 27. </p><p>&quot;[The advisory body] will recommend to the president by September 29, yung president and CEO [of MIC] plus the two board directors and three independent directors,&quot; the finance chief said. </p><p>The advisory body is composed of the country&#x27;s economic managers. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/29/23/maharlika-irr-released-to-take-effect-sept-12-diokno">Maharlika IRR released, to take effect Sept. 12: Diokno</a></li></ul><p>The Maharlika Investment Corporation needs a president and CEO, two regular directors and three independent directors, according to its implementing rules and regulations. </p><p>The finance chief is the chairman of Maharlika&#x27;s board of directors because of his position.</p><p>Marcos Jr. earlier said the country&#x27;s first sovereign investment fund would be run by professional managers instead of the government to eliminate political decisions that could lead to <a href="https://news.abs-cbn.com/news/09/13/23/marcos-says-maharlika-fund-may-fail-if-politicians-are-involved">failure</a>. </p><div><strong>SPECULATIONS </strong></div><p>Meanwhile, Diokno shut down reports he would head the Maharlika Investment Corp., saying these were just rumors. </p><p>&quot;I do not comment on rumors,&quot; said the finance secretary. </p><p>When asked if he got wind of the reports, he dismissed them as information coming from &quot;tabloids.&quot; </p><p>&quot;That is it. Speculations,&quot; he said. </p><p>A report from a news outfit last week stated that Diokno was being eyed by the Marcos administration to become the president and CEO of the Maharlika Investment Corporation. </p><p>Deputy Speaker Ralph Recto of Batangas, the report said, will replace him as finance chief. </p><p>Diokno earlier denied to ABS-CBN News the rumors, saying as finance secretary, he is the board chairman. </p><p>Press Secretary Cheloy Garafil did not comment when ABS-CBN News asked about the matter on Tuesday last week. </p><div><strong>With a report from Jess Fenol, ABS-CBN News</strong></div>

Diokno said they already got 'many' applicants for potential Maharlika Investment Fund managers. 

Diokno: Marcos Jr. to get shortlist of Maharlika managers on Sept. 29 | ABS-CBN

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Diokno: Marcos Jr. to get shortlist of Maharlika managers on Sept. 29

Diokno: Marcos Jr. to get shortlist of Maharlika managers on Sept. 29

Job Manahan,

ABS-CBN News

Published Sep 25, 2023 12:09 PM PHT

|

Updated Sep 25, 2023 03:06 PM PHT

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Maharlika Investment Fund

Maharlika Investment Corporation

Finance Secretary Benjamin Diokno

Maharlika

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