Background and EARLY History
July 2023 Establishment of MIC MIC was established under Republic Act No. 11954. This landmark legislation officially created MIC to manage the Philippines' sovereign wealth fund, MIF, and set the foundation for its strategic and governance frameworks.
January 2024 Inaugural Board Meeting MIC marked a significant milestone with its inaugural board meeting, officially commencing operations. This event was a key moment in setting the organization's strategic direction and operational protocols.
April - May 2024 Power Infrastructure Collaboration MIC signed a Memorandum of Agreement with the Provincial Governments of Oriental Mindoro and Occidental Mindoro, along with the Oriental Mindoro Electric Cooperative, Occidental Mindoro Electric Cooperative Inc., and the National Electrification Administration. This agreement initiated discussions for potential collaborations aimed at upgrading Mindoro’s power infrastructure, demonstrating MIC's commitment to impactful regional development.
April 2024 Strategic Partnership with BCDA A Memorandum of Understanding was signed with the Bases Conversion and Development Authority (BCDA). This partnership explored opportunities in transportation, logistics, affordable housing, and agro-industrial urbanization, underscoring MIC's role in advancing strategic national projects.
May 2024 Collaboration with Palawan Electric Cooperative MIC also formalized a Memorandum of Understanding with the Palawan Electric Cooperative and the National Electrification Administration. This agreement focused on the improvement of Palawan’s electrical infrastructure, highlighting MIC's dedication to enhancing regional utilities.
July 2024 Investment Strategy and Risk Management Framework MIC formulated a comprehensive investment strategy and risk management framework. This critical development established the guidelines for our investment approach and risk mitigation practices, ensuring a structured and informed approach to managing the nation's sovereign wealth fund.
August 2024 Partnership with Clark International Airport Corporation MIC inked a Memorandum of Understanding with the Clark International Airport Corporation. This agreement is aimed at evaluating opportunities for major infrastructure and development projects in the Clark Freeport and Special Economic Zone, further emphasizing our role in driving significant national development initiatives.
Ongoing Development of Investment Pipeline MIC continues to actively develop a robust investment pipeline and engage with potential partners. This ongoing effort is central to our mission of generating sustainable returns and fostering economic growth through strategic investments.
Our mission is to generate sustainable returns, catalyze long-term socioeconomic development, and drive positive impact for future generations.
By 2028, the Maharlika Investment Fund will be a world-class sovereign wealth fund for a prosperous and inclusive future for every Filipino.
Resilience Integrity Transparency Excellence
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