Revised Maharlika Fund IRR released

By Catherine S. Valente

Nov 12, 2023 12:20 am

(UPDATE) THE government on Saturday released the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), giving President Ferdinand Marcos Jr. the authority to accept or reject the recommended appointees to the board of the Maharlika Investment Corp. (MIC).

Marcos had ordered the review of the IRR of Republic Act (RA) 11954, or the law establishing the MIF, to ensure safeguards are in place to guarantee transparency and accountability in carrying out the provisions of the law.

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