A second look at Maharlika Investment Fund

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I have always believed that if an idea is good, it deserves a second look. This is precisely what I am going to do with the controversial Maharlika Investment Fund (MIF). To date, the latest

3) Funding from the public sector will come from earned dividends and the sale of nonearning assets and will not include the assets of Development Bank of the Philippines , Land Bank of the Philippines, Government Service Insurance System and Social Security SystemSounds good.

I worked closely with World Bank, ADB and IFC and, in the process, was able to secure an approval from these institutions to provide a grant to pay for the initial legal, financial and management studies costs for the creation of the PSIDF. It looked good and was on the way to a successful implementation. However, as fate would have it, the funding assistance was utilized instead for local government development projects, which were thereafter approved by the funders themselves.

In an increasingly competitive world, good ideas will always give an edge—an idea that opens new frontiers, new entries of foreign and local direct investments or an insight that makes sense to minimize a nation’s problems. The MIF, with its recent changes, is one such idea that has become interesting and definitely deserves a second look by all of us. INQof the author and not the official stand of the Management Association of the Philippines or MAP. The author is former president of MAP. He is chair of Institute of Solidarity in Asia or ISA. He was former chair, president and CEO of DBP, and former independent director of Metrobank.Your subscription could not be saved. Please try again.

 

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House Speaker claims top Japanese biz leader supports Maharlika FundHouse Speaker Martin Romualdez claimed that a top Japanese business executive supports the creation of the Philippines' sovereign wealth fund known as Maharlika Investment Fund (MIF). Who don't want an investment? for Business owner stand point? stop making people fool for this dumb statement. Ulol! Mga Pilipino dapat tinatanong mo Gag*! Not under this admin na may lahi ni upin🙂 Ano naman pakialam ng isang Hapon sa pondong yan lalo na at ni wala nga mailabas na detalye kung saan gagamitin or i invest?
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Senior Japanese finance exec 'strongly interested' in Maharlika fund —Speaker RomualdezTOKYO — A high-ranking Japanese financial executive has expressed “strong interest” in the proposed Maharlika Investment Fund, House Speaker Martin Romualdez said Friday. Maipilit tlga hano.
Source: gmanews - 🏆 11. / 68 Read more »

Top Japanese official expressed 'strong interest' in Maharlika fund, says RomualdezTOKYO: A top official of one of Japan's leading financial institutions has expressed strong interest in the proposed Maharlika Investment Fund (MIF) of the Philippines,...
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Romualdez says high-ranking Japan exec strongly interested in Maharlika fundA high-ranking financial executive from Japan has expressed strong interest investing in the proposed Maharlika Investment Fund, House of Representatives Speaker Ferdinand Martin Romualdez said. | GabrielLaluINQ GabrielLaluINQ paid actor GabrielLaluINQ Baka naman kung sino lang yun? Di man lang masabi sino at anong company. GabrielLaluINQ 'Investing in the proposed Maharlika Investment Fund.' Di ba ang kailangan eh kung saang investment ilalagay yung fund, hindi yung dadagdagan pa yung makikihati sa kita? O halata niyang money-making scheme lang yung fund?
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Marcos: 3 commitments to invest ‘substantial amount’ in Maharlika fund fetched in JapanThe proposed Maharlika Investment Fund (MIF) has attracted at least three investment commitments from both Japanese government-run and private financial institutions, President Ferdinand "Bongbong" Marcos Jr. said Sunday.
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