Global Trade Alert
Global Trade Alert

Philippines: MIC provides PHP 15 billion credit facility to Petron Corporation

Announcement

14 May 2026

In May 2026, the Maharlika Investment Corporation (MIC) announced a PHP 15 billion revolving credit facility for Petron Corporation to support the purchase and importation of crude oil and refined petroleum products.

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

14 May 2026

Revocation date:

No revocation date

Announced: 14 May 2026
Import incentive In force

Recent update from 27 May 2026:

On 14 May 2026, Maharlika Investment Corporation (MIC), the Philippines’ sovereign wealth fund manager, concluded a PHP 15 billion (USD 244.3 million) short-term revolving credit facility agreement...

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Implementation date

14 May 2026

Revocation date:

No revocation date

Announced: 14 May 2026
State loan In force

Recent update from 27 May 2026:

On 14 May 2026, Maharlika Investment Corporation (MIC), the Philippines’ sovereign wealth fund manager, concluded a PHP 15 billion (USD 244.3 million) short-term revolving credit facility agreement...

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