MANILA -- The Maharlika Investment Corp, which is tasked to manage the Philippines' first sovereign wealth fund, is expected to have a complete Board of Directors and President in November, the head of the Department of Budget and Management said on Friday.
According to Pangandaman, they hope that by November, there will be a complete board and president of the Maharlika Investment Corporation . "Kasi some of the provisions, di ba pag may batas ka, minsan sa IRR mo siya puwedeng i-elaborate or kung paano mo ma-operationalize. Some of the provisions I think hindi nangyari doon sa IRR na sinubmit ng treasury two months ago. Nothing really serious also, its just that kailangan lang siguro malagay natin sa IRR para mas madali yung operationalization nung ating Maharlika,” Pangandaman said.