Maharlika Corp. board of directors named next month—Budget chief

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The board of directors of the government-owned company that will manage the Maharlika Investment Fund will be named next month, even though the implementing rules and regulations of the sovereign wealth fund have been put on hold pending a review.

President Marcos signed the Maharlika Investment Fund Act of 2023 in July, with the aim of tapping state assets for investment ventures to generate additional public funds. Pangandaman said the review of the MIF’s IRR was nearly complete and they would present them to the President “soon.”

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MlaStandard /  🏆 20. in PH

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