TAGAYTAY CITY —Being appointed as secretary of the Department of Finance (DOF) does not automatically mean that the person heading the government’s finance portfolio will be sitting in the powerful Monetary Board, officials of the Bangko Sentral ng Pilipinas (BSP) said Friday.
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Rafael Consing Jr., a decorated and seasoned corporate finance expert, is leading the Maharlika Investment Corporation. If not for the tweaks made by President Ferdinand Marcos Jr., he would not have qualified for the post.
THE Senate has asked the Department of Finance (DOF) and relevant agencies to submit a report confirming their compliance with the rule setting a cap on the equity infusion of development banks the Land Bank of the Philippines (LBP) and Development Bank of the Philippines (DBP) into the Maharlika Investment Fund (MIF).…