PRESIDENT Ferdinand Marcos Jr. welcomed the Japan Bank for International Cooperation's (JBIC) expression of interest to partner with Philippine companies for energy development and in the newly passed Maharlika Investment Fund (MIF). In response, the President said such investments are what the country needs, one of the reasons the MIF was passed by Congress. "It's so that we, the Philippines, can participate in what would be, what is regarded, of course, as an investment for us. But it is basically seen as our government participation in projects that, mostly, will really be in the Philippines," he added. The bank's main operational principle is to supplement the financial transactions implemented by private financial institutions.
