MANILA – The corporate structure of the Maharlika Investment Fund (MIF) is taking shape as its proponents recently concluded the finalization of its Implementing Rules and Regulations (IRR), announced President Ferdinand R. Marcos Jr. on Monday.
With the IRR now complete, President Marcos expressed, “Upon approval, we’ll swiftly establish the corporate structure, getting the MIF up and running.”
The finalization of the IRR was attended by various government officials, including Senior Undersecretary Elaine T. Masukat and Undersecretary Rodolfo John Robert C. Palattao IV from the Presidential Management Staff (PMS), along with Undersecretary Leonardo Roy A. Cervantes of the Office of the Executive Secretary (OES).
Jose Arnulfo Veloso, General Manager of the Government Service Insurance System (GSIS), and Raphael DC Consing Jr. from the Office of the Presidential Adviser for Investment and Economic Affairs were also present.
The Bureau of Treasury, Office of the Deputy Executive Secretary for General Administration (ODESGA), and the Office of the Deputy Executive Secretary for Legal Affairs (ODESLA) were represented during the IRR finalization.
Before departing for the Association of Southeast Asian Nations-Gulf Cooperation Council (ASEAN-GCC) Summit in Riyadh, Saudi Arabia last month, President Marcos affirmed his commitment to operationalize the MIF before the year’s end.
“The organization of the MIF proceeds at pace,” President Marcos reiterated. (PND)
