President Ferdinand “Bongbong” Marcos Jr. said Monday that the implementing rules and regulations of the Maharlika Investment Fund (MIF) have been finalized, weeks after he said its implementation was suspended.
"The Investment Rules and Regulations of Maharlika Investment Fund have been finalized," Marcos said on Instagram. "Upon our approval, we'll swiftly establish the corporate structure, getting the MIF up and running," he added. The IRR, which would spell the beginning of MIF's operationalization, was released in August. Marcos announced the suspension of its implementation "pending further study" on October 18.
The President also maintained that economic managers and "personalities who will actually be involved in the fund" had been consulted regarding the MIF. Marcos signed into law Republic Act No. 11954 or the Maharlika Investment Fund Act of 2023 in July, with the aim to tap state assets for investment ventures to generate additional public funds. The law creates the Maharlika Investment Corp.
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