PH’s existing investment arm seeks to ‘complement’ Maharlika fund

The National Development Company (NDC), the Philippine government’s investment arm, said Monday it could focus on investment gaps to “complement” the proposed Maharlika Investment Fund (MIF).

During a Senate hearing on Monday, NDC General Manager Antonilo Mauricio backed the proposal to establish a sovereign wealth fund, saying the government is on the right track to pursue the investment vehicle.

“NDC may focus on investment gaps, including support for MSMEs , complementary to the Maharlika fund if it does push through,” he said. He also said NDC’s Startup Venture Fund, together with the Department of Trade and Industry, can continue supporting the innovation and startup development ecosystem.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN Philippines /  🏆 13. in PH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maharlika more acceptable now – BSP chiefBangko Sentral ng Pilipinas Governor Felipe Medalla sees the Marcos administration’s plan to set up a sovereign wealth fund as “more acceptable,” now that it clearly will not dip into the country’s foreign exchange reserves. | Philbizwatcher /PDI
Read more »

[OPINION] The urgent need for a national single-use plastic banBreak Free From Plastics has studied the top five consistent polluters for the past five years, and they are Coca-Cola, PepsiCo, Nestlé, Unilever, and Mondelez International. Opinion ThoughtLeaders
Read more »

Hotel group partners with esports body to support Filipino national athletesHotel101 Group, the hospitality arm of DoubleDragon Corporation, and the Philippine Esports Organization (PESO), the national governing body for esports in the Philippines, sealed its partnership on February 24 to support the Philippine esports industry--
Read more »

BCDA breaks ground for Philippine Navy building in Taguig - BusinessWorld OnlineTHE BASES Conversion and Development Authority (BCDA) held the groundbreaking ceremony for a nine-storey residential building in Fort Bonifacio, Taguig City that will be used by the Philippine Navy as part of its relocation and replication of facilities. “This construction project will involve site development and will have 90 residential units, each with a floor […]
Read more »

Motorcyclist dead in hit-and-run in QuezonLUCENA CITY – A motorcycle rider died in a hit-and-run incident along the Maharlika Highway in Tiaong town in Quezon province on Saturday night (Feb. 25). Quezon police report said the
Read more »

NBI nabs alleged human trafficker, rescues 7 freelance modelsNational Bureau of Investigation-National Capital Region (NBI-NCR) agents arrested an alleged human trafficker and rescued the suspect&39;s seven freelance models, according to John Consulta’s “24 Oras Weekend” report on Saturday.
Read more »