Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
MANILA, Philippines — A Singapore-based think tank raised red flags on the controversial Maharlika Investment Fund (MIF) due to the risk of its potential misuse of funds and lack of accountability.
The Marcos administration on Wednesday welcomed S&P Global Ratings affirmation of the Philippines’ ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings, manifesting investors’ confidence on the Philippine economy’s macroeconomic fundamentals.
The Department of Finance is keen on pushing for the reform on the updating of valuation of real properties in the country to boost the revenues of local government units.
The country’s ‘bright ‘employment situation has put Filipinos in a better position to weather impact of rising prices of basic commodities, Finance Secretary Benjamin Diokno said on Tuesday.
MANILA, Philippines — The Senate yesterday approved on third and final reading the P5.768-trillion proposed national budget for 2024, which is seen to strengthen local food production through modernization, mechanization and improved logistics as well as defend sovereignty and protect Filipinos against any threat or violence.
After its initial start got suspended, the stage is now set for the much-vaunted Maharlika Investment Fund (MIF) to finally take off. This developed following the release last week of the implementing rules and regulations (IRR) that were revised upon the imprimatur of President Ferdinand “Bongbong” Marcos Jr. (PBBM). And on Monday, PBBM officially named his adviser on economic and investment affairs as president and chief executive officer (CEO) of the Maharlika Investment Corporation (MIC).
MANILA, Philippines — President Marcos has named his adviser on economic and investment affairs as president and chief executive officer of the Maharlika Investment Corp. (MIC), which will manage the country’s first sovereign wealth fund.