Maharlika joins int’l org of sovereign wealth funds | ABS-CBN
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Maharlika joins int’l org of sovereign wealth funds
ABS-CBN News
Published Jul 19, 2024 12:16 PM PHT
Maharlika Investment Corporation logo
Maharlika Investment Corporation logoMANILA -- The Maharlika Investment Corporation (MIC) is now a member of the International Forum of Sovereign Wealth Funds (IFSWF).
MANILA -- The Maharlika Investment Corporation (MIC) is now a member of the International Forum of Sovereign Wealth Funds (IFSWF).
In a statement, the Department of Finance (DOF) said membership in the organization gives the Philippines access to a global network of experts, allowing the managers of its sovereign wealth fund to learn from their peers.
In a statement, the Department of Finance (DOF) said membership in the organization gives the Philippines access to a global network of experts, allowing the managers of its sovereign wealth fund to learn from their peers.
As an IFSWF member, the MIC can attend the group's annual general meeting in Muscat, Oman in November to discuss key global topics impacting investors, said its president and CEO Rafael Consing.
As an IFSWF member, the MIC can attend the group's annual general meeting in Muscat, Oman in November to discuss key global topics impacting investors, said its president and CEO Rafael Consing.
The DOF also said that the MIC has finalized its investment and risk management framework, which now allows it to begin engaging with investors.
The DOF also said that the MIC has finalized its investment and risk management framework, which now allows it to begin engaging with investors.
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The Maharlika Investment Corporation (MIC) is the governing body behind the Maharlika Investment Fund (MIF), the Philippines' first sovereign wealth fund.
The Maharlika Investment Corporation (MIC) is the governing body behind the Maharlika Investment Fund (MIF), the Philippines' first sovereign wealth fund.
It is eyeing investments in the following sectors to achieve multigenerational commercial, economic, and social wealth for the Philippines: infrastructure; oil, gas, and power; agroforestry industrial urbanization; mineral processing; tourism; transportation; and aerospace and aviation.
It is eyeing investments in the following sectors to achieve multigenerational commercial, economic, and social wealth for the Philippines: infrastructure; oil, gas, and power; agroforestry industrial urbanization; mineral processing; tourism; transportation; and aerospace and aviation.
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