Maharlika Fund: Top Taxpayer Amidst Billions Barely Invested
The Philippines' Maharlika Investment Corporation (MIC) has been recognized as one of Taguig City's top 100 taxpayers, three years after its inception. However, only less than 8% of its substantial initial capital has been deployed into strategic investments, with most of its earnings derived from interest on deposits. The fund's true test lies in its future capacity to invest in large-scale projects.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- TESDA Warns of 230,000 Scholarship Slot Cuts in 2027 Due to Budget Slash
The Technical Education and Skills Development Authority (TESDA) in the Philippines has warned that approximately 230,000 scholarship slots may become unavailable in 2027 due to significant cuts in its proposed budget, raising concerns about the impact on the agency's skills development programs.
- Uswag Ilonggo Rep. Jojo Ang pleads not guilty in graft case
Philippine lawmaker James “Jojo” Ang Jr. pleaded not guilty to charges of graft. The Uswag Ilonggo representative personally entered his plea during arraignment and pretrial proceedings.
- PEZA Nears P300 Billion Investment Goal Amid Surge
The Philippine Economic Zone Authority (PEZA) is nearing its P300 billion investment target for the year, with investment approvals surging 92% to P297.14 billion from January to September. This encompasses 222 projects expected to generate $8.95 billion in exports and create 33,331 direct jobs.
- Philippine Stocks Tumble on Soaring Inflation
The Philippine stock market plunged after the country's September inflation rate hit a three-year high of 7.2 percent. Concerns over potential additional interest rate hikes by the central bank weighed on investor sentiment.