News Release

PBBM: About 80 infrastructure projects can be funded through ‘Maharlika’

A few days after coming up with the final implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), President Ferdinand R. Marcos Jr. disclosed on Wednesday (in San Francisco, US) that there are about 80 potential infrastructure projects financeable through the investment fund.

“Currently, we have identified about 80 potential infrastructure projects that are financeable through the fund, the Maharlika Investment Fund,” President Marcos said in his closing keynote at the Philippine Economic Briefing (PEB) in San Francisco, California.

The President made the statement before the PEB which serves as a platform for key economic officials to provide domestic and international business and financial communities with the most recent updated on investment opportunities in the Philippines and the country’s robust economic performance.

Under the administration of President Marcos, there were already 11 international PEBs: two in Singapore, three in the United States, and one each in Germany, the United Kingdom, Japan, Canada, Qatar, and the United Arab Emirates.

The briefing held in San Francisco, California is already the 12th international PEB and the fourth in the US. Domestic PEBs were also conducted in Manila and in key business centers in the regions such as in Cebu, Davao and Laoag.

Noting the country’s solid economic reform agenda, President Marcos said the Philippines “is ready to take off as a leading investment hub in Asia” as he emphasized that “a wealth of opportunity” awaits them in the Philippines.

“We are ready to explore new horizons with your investments in the coming years,” he added.

President Marcos highlighted the Philippine economic development during the PEB. PND