Maharlika Investment Corporation president and CEO Rafael Consing Jr said the Maharlika Investment Fund will begin investing in energy security projects in Mindoro and Palawan. - COURTESY OF RAFAEL CONSING JR
MANILA: The state-run firm managing the Philippines’ first sovereign wealth fund is set to make its initial investment by connecting two major island provinces to the national power grid, in line with President Ferdinand Marcos Jr’s push to reduce electricity costs in far-flung places during his term.
Maharlika Investment Corporation President and CEO Rafael Consing Jr told The Straits Times that by the last quarter of 2024, the Maharlika Investment Fund (MIF) will begin investing on energy security projects for Mindoro and Palawan.
