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P125-billion capitalization for Maharlika fund approved — MIC

P125-billion capitalization for Maharlika fund approved — MIC
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Maharlika head identifies sectors for possible investments

Maharlika head identifies sectors for possible investments
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MIC holds 1st meeting, forms key committees | Jasper Emmanuel Y Arcalas and Samuel Medenilla

THE operationalization of state-owned Maharlika Investment Corp. (MIC) is slowly taking shape as its board of directors formed key committees critical to the bankrolling of the country’s first-ever sovereign wealth fund. In a statement, the Department of Finance (DOF) said the MIC board, chaired by Finance Secretary Benjamin E. Diokno,…

Maharlika board meets, approves capitalization

THE state-owned firm set up to manage the country s first sovereign wealth fund held its inaugural board meeting on Wednesday, the Finance department said, resulting in the approval of a capitalization scheme and organizational appointments, among others.

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