MIC makes pitch to infra, energy-security investors
THE Maharlika Investment Corp. (MIC) said it engaged with potential investors at the World Economic Forum (WEF) in Davos to gauge their interest in infrastructure, energy security, digitalization and food security projects.
“WEF provided a key global platform for MIC to connect with international investors who are interested in investing in the Philippines,” MIC Chief Legal Officer and General Counsel Paul T. Salanga said.
He added that MIC is ready to step in for co-investment structures that de-risk large, strategic projects while advancing long-term national development.
“Being in the WEF allows us to connect global capital with priority sectors in the Philippines. Energy security, infrastructure, digitalization, and food security, where investments deliver both value and impact,” MIC Chief Investment and Operations Officer Kheed Ng said.
The MIC has said it is hoping to close investment deals with agricultural companies within the first half, saying that prospective recipients of its funding have strong export and job-creation potential.
Its latest deals include an P8-billion investment to buy up to 11.2% of port operator Asian Terminals, Inc.
The MIC posted income of P2.68 billion in 2024, up from P154.3 million a year earlier. It remitted P1.45 billion to the Treasury. — Aubrey Rose A. Inosante
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