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Marcos, Maharlika, and Mining: A Return to crony capitalism?

Summary by Bulatlat
By JOSIAH DAVID QUISINGBulatlat.com Last February 25, the controversial Maharlika Investment Corporation (MIC) announced that one of its first investments would be in the mining industry through a loan extended to Makilala Mining Company. MIC’s entry into mining raises troubling parallels to Martial Law era crony capitalism where extractive projects were fast tracked by the late dictator in favor of himself, his friends, family, and political al…
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Bulatlat broke the news in on Tuesday, July 1, 2025.
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