The Daily Tribune
MIC chief tenders courtesy resignation
Maharlika Investment Corporation (MIC) president and CEO Rafael Consing Jr. submitted his courtesy resignation in response to a directive from President Ferdinand R. Marcos Jr.
Consing stated that this is an important and standard measure to uphold accountability and further strengthen public service.
The MIC manages the Maharlika Investment Fund, the country's first sovereign wealth fund, aimed at augmenting government revenues for various projects.
MIC investments include a partnership with Thailand's Charoen Pokphand Group (CP Group) to develop local sectors through a private equity fund of up to $1 billion.
This fund aims to focus on agriculture, energy, and digital sectors.
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President Ferdinand “Bongbong” Marcos Jr. has ordered courtesy resignations from top executives of government-owned and -controlled corporations (GOCCs) to allow for a potential administration overhaul.
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President Ferdinand "Bongbong" Marcos Jr. directed all Cabinet secretaries to submit courtesy resignations as part of an administration recalibration.
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Philippine Amusement and Gaming Corporation (PAGCOR) chairman and CEO Alejandro Tengco, along with its entire board of directors, has submitted their courtesy resignations to President Ferdinand Marcos Jr.
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President Ferdinand "Bongbong" Marcos Jr. asked for courtesy resignations from his Cabinet secretaries following the midterm polls.
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Malacañang clarified that President Ferdinand Marcos Jr.'s order for courtesy resignations from cabinet secretaries is a measure to eliminate lazy and corrupt officials.
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