THE Maharlika Investment Fund has been emblematic of Ferdinand Marcos Jr.'s failure and extreme incompetence as president. He pushed for it early into his regime and tried to sell it to foreign investors in over a dozen visits abroad.
THE Maharlika Investment Fund has been emblematic of Ferdinand Marcos Jr.'s failure and extreme incompetence as president. He pushed for it early into his regime and tried to sell it to foreign investors in over a dozen visits abroad. Funded with a seed capital of P125 billion by the national government and two of its biggest banks, it has been an utter failure, attracting not a single dollar of overseas investments, a huge amount of money idle.
, his insurance firm, Prudential Guarantee and Assurance Corp., has cornered a big chunk of its insurance needs, with premiums from it totaled P349 million, two-thirds of its total premium revenues.According to a 2023 article by the Philippine Center for Investigative Journalism, which used data from the Energy Regulation Commission, '
revenues would boom so that it can increase the benefits for the country's 1.6 million government employees. 's nationalization, a strong president has many political and regulatory levers to get them to divest. That we have the Maharlika Investment Fund is an advantage. Having a paid-in capital of approximately $2 billion, it can raise the additional $2 billion to buy off the existing stockholders that paid $4 billion, from other sources.This, in fact, is what MIF was designed to do: Attract investors to join the investments it makes.
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