DFA: Maharlika Fund likely to be promoted during Marcos' Malaysia state visit

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The Maharlika Investment Fund is expected to be raised during President Ferdinand 'Bongbong' Marcos Jr.'s state visit to Malaysia next week, the Department of Foreign Affairs (DFA) said on Friday.

President Ferdinand Marcos Jr. signs Maharlika Investment Fund bill into law, July 18, 2023. RTVM

"Yes, it's very safe to presume and assume. It's pretty safe to assume that it will maybe raised and promoted during this visit," said DFA spokesperson Teresita Daza at a Palace briefing when asked if the MIF would be tackled during Marcos' meeting with Malaysian business leaders.. The MIF will tap state assets for investment ventures to generate additional public funds.

A Maharlika Investment Corporation will be established to act as the sole vehicle for the utilization of the MIF.

 

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