Amid ‘potential risks,’ Maharlika’s success will depend on management – AMRO - video Dailymotion

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A think tank says Maharlika’s success will depend on the professionalism of its management and the independence of its board.  Full story: https://www.rappler.com/business/amid-potential-risks-maharlika-fund-success-depend-management-amro/

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00:00 A think tank says Maharlika's success will depend on the professionalism of its management

00:05 and the independence of its board.

00:08 Independent regional think tank ASEAN Plus Three Macroeconomic Research Office or AMRO

00:13 notes the Maharlika Investment Fund or MIF already has a strong legal framework, but

00:19 the government must ensure that the fund is run by professionals with an independent board

00:24 of directors.

00:25 A report by AMRO says the MIF faces potential risks that could jeopardize its success depending

00:32 on how its management body operates the fund.

00:35 AMRO adds, "At the operational level, the authorities should clearly define its role

00:40 in infrastructure investment with appropriate governance stipulated to avoid misuse of funds."

00:47 President Ferdinand Marcos Jr. handpicked businessman Rafael Consing Jr. as the president

00:51 and chief executive officer of the Maharlika Investment Corporation last November 24.

00:56 [MUSIC PLAYING]

Amid ‘potential risks,’ Maharlika’s success will depend on management – AMRO

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