Philippine sovereign wealth fund targeting investments this year despite Middle East conflict, economic languor

[SINGAPORE] Maharlika Investment Corporation, the Philippines’ sovereign wealth fund, is doubling down on its strategy and focusing on national resilience in response to external shocks such as the Middle East conflict.

Rafael Consing Jr, CEO and president of Maharlika, told The Business Times that the war is validating the fund’s strategy to act as a growth catalyst and that it is focusing on three core sectors: energy, agriculture and mining.

“This war validates our choices of sectors. We are focused on social and developmental impact, which in turn responds to a third element: national resilience,” Consing said.