Japan bank ‘interested’ in Maharlika FundPresident Ferdinand Marcos Jr. met with Japan Bank for International Cooperation chair Tadashi Maeda on Thursday to discuss the country's energy sources. MANILA, Philippines — The Japan Bank for International Cooperation (JBIC) has “expressed interest” in the proposed Maharlika Investment Fund (MIF) and is eyeing energy development tie-ups with local firms, Malacañang said yesterday. “The Japan Bank for International Cooperation is seeking partnerships with Philippine companies for energy development and has also expressed interest in the newly passed Maharlika Investment Fund,” Presidential Communications Secretary Cheloy Garafil said in a statement. Marcos told the JBIC official that the investment fund would be an instrument for the Philippine government to take part in various projects. In its website, the bank said it conducts lending, investment and guarantee operations while complementing the private sector financial institutions.

Source: Philippine Star June 01, 2023 17:16 UTC