Business
Maharlika Investment Corp. Targets P3.3 Billion Core Profit by 2026
The Philippines' Maharlika Investment Corp. (MIC) aims to achieve a core net income target of P3.3 billion by 2026, driven by dividend inflows, interest income, and equity earnings from its investees. The sovereign wealth fund also plans to deploy up to P35 billion in capital for investments this year.
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The state-run Maharlika Investment Corp. (MIC) of the Philippines aims to achieve P3.3 billion in earnings by 2026, driven by increased income from loans to the Petron group, sale of mining loans, and equity investments. The corporation plans to further expand its capital deployment.