September 12, 2025 | 12:00am
MANILA, Philippines — The Philippines’ sovereign wealth fund, Maharlika Funding Corp. (MIC), goals to realize P1.78 billion in gross returns, focusing on this monetary consequence by the conclusion of the present 12 months.
After accounting for all working bills, transaction charges and taxes, MIC targets attaining a web return of P1.01 billion by the top of the 12 months, based mostly on the establishment’s Technique Map and Efficiency Scorecard for 2025.
The online return goal is 62.3 % beneath what it posted within the wealth fund’s debut 12 months at P2.68 billion.
Moreover, MIC plans to allocate practically P35 billion in investments to realize its goal, aiming for a web return of P4.09 billion from its total capital base.
Final month, seasoned funding banker and tv host Stephen CuUnjieng was appointed by MIC as an impartial director and chair of its funding committee, a pivotal function in guiding portfolio development methods and governance oversight.
His obligations embody reviewing and approving funding proposals, monitoring portfolio efficiency and managing dangers to make sure returns are maximized whereas staying throughout the group’s established threat parameters.
For 2024, the sovereign wealth fund reported whole property of P127.2 billion in opposition to simply P668 million in liabilities, giving it a robust fairness base of P126.6 billion. The federal government’s P50 billion capital contribution, which might strengthen the fund’s monetary place, continues to be pending.
MIC additionally disclosed minimal investments of P174.6 million in fairness devices, highlighting its preliminary portfolio-building stage. Capital expenditures totaled P118.6 million, primarily allotted to workplace leases and gear.
The wealth fund’s president and CEO Rafael Consing Jr. has mentioned that MIC has cast a partnership with ACWA Energy, a worldwide power firm partially owned by Saudi Arabia’s sovereign wealth fund, to develop renewable power tasks within the Philippines.
The partnership is designed to ship sustainable electrical energy to underserved and off-grid island communities throughout the nation.