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NewsTranscript
00:00The Maharlika Investment Fund is expected to be used before the end of the year.
00:05According to Maharlika Investment Corporation CEO Rafael Consing Jr.,
00:10the Maharlika Investment Fund will focus on the energy infrastructure,
00:15particularly the small power utility groups and power co-ops that are not connected to the grid.
00:20That is to lower the current, especially in remote areas and to have rural development.
00:27The MIF will also invest in digital infrastructure, especially in remote and poor areas,
00:33as well as in healthcare by giving funds to hospitals and clinics, to LGUs.
00:38Five of the board members of Maharlika Investment Corporation will come from the private sector.
00:45It will be under the audit of the co-op and the external auditor,
00:48and it will also be held in Congress every six months.
00:57For more information visit www.maharlika.com