There’s a brand new version of the controversial Maharlika Investment Fund (MIF), one that apparently has President Ferdinand “Bongbong” Marcos Jr.’s nod.
There’s a brand new version of the controversial Maharlika Investment Fund , one that apparently has President Ferdinand “Bongbong” Marcos Jr.’s nod.
The Bicolano said in the interview that under the new version, the government would guarantee securitization of about P44.3 billion in annual dividends from government-owned and controlled corporations . “Now I think this is well thought-out…We submitted it and apparently the President has a go on it. So basically its just a matter of details,” Salceda said.
“So after that there will be an IPO. There’s very strong demand actually and Morgan Stanley is interested. So there’s so many other big investment banks who are interested in the sovereign development fund,” he said, alluding to investors’ reaction to Marcos’s MIF pitch at the just-concluded World Economic Forum in Davos, Switzerland.
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