In an interview with Nikkei Asia, Rafael Consing, CEO of the Maharlika Investment Corp., addressed the delay in the MIC’s deployment of capital, and provided some insight into the level of interest the fund has received from global investors.
, addressed the delay in the MIC’s deployment of capital, and provided some insight into the level of interest the fund has received from global investors. To the delay, Mr. Consing said, “We’ve got a fiduciary responsibility to run this capital allotted by the government to MIC with utmost transparency and professionalism, and responsibly and accountability. So, the only way that you can do that is basically having a proper corporate governance framework.
Consing boil all the interest down to just “some Europeans” and a single “Middle Eastern” investor after all the alleged pitching the administration has done during its many trips abroad. Aside from the huge difference between “investing in” and “investing with” the MIC, that feels like a really weak result for all the time and attention the President and the government have allegedly put into pitching this abroad.
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