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2 clusters · 3 sources · 20 days · First seen · Last updated
Philippines Maharlika Investment Corp. development
Overview
The Philippines’ Maharlika Investment Corp. (MIC) has initiated efforts to expand its institutional capacity and strategic investment portfolio.
In July 2026, MIC signed a cooperation pact with Morocco’s Ithmar Capital. This agreement, facilitated via videoconference, establishes a joint steering committee to exchange expertise on fund management and governance. The partnership aims to help MIC adopt international standards, such as the Santiago Principles, and improve transparency.
By August 2026, the fund shifted focus toward specific sector investments. MIC is advancing a P19.7-billion deal to enter the National Grid Corp. of the Philippines (NGCP) through Synergy Grid & Development Phils. Inc., which is expected to provide the government with increased visibility and board representation. Additionally, the fund is exploring electric aviation as a strategic area to enhance national connectivity and resilience, targeting an economic internal rate of return of at least 10%.
Entities
National Grid Corp. of the Philippines · Maharlika Investment Corporation · Mohammed Rida El Fassi · Ithmar Capital · Rafael D. Consing Jr.
Timeline
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26 days ago
[BUSINESS] 3 sourcesMaharlika Investment Corp. advances energy and aviation dealsThe Philippines' Maharlika Investment Corp. is targeting a P19.7-billion stake in the National Grid Corp. of the Philippines and exploring electric aviation as strategic investment opportunities.
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about 2 months ago
[BUSINESS] 5 sourcesMaharlika Investment Corp and Morocco's Ithmar Capital Sign Cooperation PactIthmar Capital and the Philippines' Maharlika Investment Corp signed a videoconference pact to boost governance, set up a joint steering committee, and deepen Morocco‑Philippines relations.
Sources
business.inquirer.net · cebudailynews.inquirer.net · gulfnews.com