Manila: The Maharlika Investment Corporation (MIC) has remitted PHP1.376 billion in cash dividends to the Bureau of the Treasury (BTr). The MIC announced that this amount represents 75 percent of its net earnings for the fiscal year 2025.
According to Philippines News Agency, the remittance surpasses the 50 percent minimum dividend requirement set by Republic Act No. 7656 for government-owned and -controlled corporations. MIC's Board authorized this additional dividend declaration in light of the national energy emergency and the pressing need for government resources to support essential national priorities.
"This remittance reflects MIC's continued commitment to responsible stewardship of public resources and support for the National Government's priorities," stated MIC President and Chief Executive Officer Rafael Consing Jr. "As the country responds to the challenges arising from the State of National Energy Emergency, MIC is working to contribute additional resources while continuing to pursue its mandate of generating sustainable returns for the Filipino people," he added.
MIC is the sole entity responsible for managing the Maharlika Investment Fund, aiming to generate sustainable returns while fostering long-term economic growth, infrastructure development, and national prosperity.