EXPECT an announcement from the Maharlika Investment Corporation (MIC) as to the first few projects it will be funding in the next few months.

This was the pronouncement made by MIC president and chief executive officer Rafael Jose "Joel" Consing.

According to Consing, they hope to make the formal announcement by 1 or 2 commitments within the next 3 to 4 months.

"I think the first announcement would most likely be in the energy space. And the other one could be in the transport space," he said.

Consing said that they are investing in such projects since it is "moving forward much faster than the rest."

He earlier said that the fund may invest in the following sectors to achieve multigenerational commercial, economic, and social wealth for the Philippines: infrastructure; oil, gas, and power; agroforestry industrial urbanization; mineral processing; tourism; transportation; and aerospace and aviation.

Consing also noted that they are looking to double the fund's capital in 2-3 years by speaking with more investors.

"You’ve got 2 basic types of investors that are looking at the Philippines, those foreign investors aiming to put together LPs or limited partnerships with Maharlika in order to co-invest with them, others similarly are looking at co-investing or investing in Maharlika," he said.

"Those are 2 different sectors, and you also have other potential companies aiming to set up manufacturing or business here from a regional perspective and looking for partners. That is a third audience we are speaking with."