The STAR reported that “sources within the economic team” [link] said that Rafael Consing, the President and CEO of Maharlika Investment Corp. (MIC), is seeking a basic monthly salary of P2.5 million. That rate would exceed the salaries given to the country’s highest-paid economic managers, including that of Eli Remolona Jr., the governor of the Bangko Sentral ng Pilipinas. The sources quoted implied that the controversy about Mr. Consing’s requested salary is at least partially to blame for the MIC’s slow start, as the back-and-forth on the pay issue has held up the MIC’s investment and development activity.