Tag: Maharlika Investment Corporation
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Maharlika Investment Corporation Approves $76.4 Million Loan for Makilala Mining’s MCB Project
The Maharlika Investment Corporation (MIC) has finalized a $76.4 million bridge loan agreement to support the initial stages of the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project. The MIC announced on Monday that the funds will be utilized to enhance Makilala Mining’s feasibility study and front-end engineering design, build a primary access road in collaboration with the Kalinga…
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Maharlika Investment Corporation Considers Funding Nuclear Energy Initiatives in the Philippines
MANILA – The Maharlika Investment Corporation (MIC) has shown interest in potentially financing nuclear energy projects as part of efforts to diversify the Philippines’ energy sources and reduce electricity costs. During a press briefing at the Palace, MIC’s president and CEO, Rafael Consing Jr., indicated a willingness to explore nuclear power investments, provided they comply…
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Maharlika Investment Corporation Acquires 20% Stake in National Grid Corporation of the Philippines
In a strategic move to bolster its influence over the nation’s power grid, the Maharlika Investment Corporation (MIC) has committed PHP19.7 billion to secure a 20% stake in the National Grid Corporation of the Philippines (NGCP). The deal, signed in the presence of President Ferdinand R. Marcos Jr., was formalized with Synergy Grid and Development…
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Maharlika Investment Corporation Secures Major Stake in National Grid, Eyes Further Expansion
In a strategic move to bolster its influence over the nation’s power infrastructure, the Maharlika Investment Corporation (MIC) has committed PHP19.7 billion to acquire a 20% stake in the National Grid Corporation of the Philippines (NGCP). The transaction was formalized in a ceremony attended by President Ferdinand R. Marcos Jr. at Malacañang on January 27,…
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Maharlika Investment Corporation Secures 20% Stake in National Grid Through Deal with Synergy Grid
In a significant move to enhance governmental oversight of the nation’s power infrastructure, the Maharlika Investment Corporation (MIC) has finalized an agreement with Synergy Grid and Development Philippines Inc. (SGP). The deal, signed in the presence of President Ferdinand R. Marcos Jr. at Malacañang, allows MIC to acquire a 20% stake in the National Grid…
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