Maharlika says gov’t takeover of Petron unnecessary but it’s keeping options open

MANILA, Philippines — The chief of Maharlika Investment Corp. (MIC) is not dismissing any potential investment in Petron Corp. but said that any move should go beyond current market whims, as he sees government takeover as unnecessary. Rafael Consing Jr., who heads the country’s sovereign wealth fund worth P125 billion, said MIC stood united with the