President Ferdinand 'Bongbong' Marcos on Thursday said they have identified at least 80 infrastructure projects that will benefit from the Maharlika Investment Fund (MIF).
During the Philippine Economic Briefing held at the Ritz-Carlton Hotel, the President said they are looking forward to the operationalization of the country's first-ever sovereign investment fund, which will serve as "an additional source and mode of financing for priority projects of the government, including the infrastructure flagship."
"In addition, we look forward to the operationalization of the Maharlika Investment Fund, the country’s first-ever sovereign investment fund. It will serve as an additional source and mode of financing for priority projects of the government, including the infrastructure flagship," Marcos said.
. These projects offer high returns and significant social economic impact. Currently, we have identified about 80 potential infrastructure projects that are financeable through that fund, the Maharlika Investment Fund," he added.
Marcos said the MIF would serve as an additional mode of financing for the government’s projects, which would offer high rates of return and significant socio-economic impact.
The President noted that his administration n has been prioritizing the implementation of 197 infrastructure flagship projects worth around US$155 billion with a sharp focus on grading physical and digital connectivity, water, health, and transport.
Investments in the digital space are also highly prioritized, Marcos said.
''Incentives are given to projects covering research and development and those adopting advanced digital technologies such as for example artificial intelligence, additive manufacturing, data analytics, cloud computing and nanotechnology,'' he added.
