BIZ BUZZ: Maharlika board completed soon
Word on the street is that President Marcos will soon complete the roster of the board of directors of the Maharlika Investment Fund.
Everyone in the business community is, of course, waiting with bated breath as to which personalities will complete the team that will run this cornerstone undertaking of the administration. That’s because, once fully funded, Maharlika will be in charge of managing up to P500 billion worth of resources (under the present law).
At present, four slots for the nine-person board are already filled up with ex officio members, namely the fund’s CEO Joel Consing, the Secretary of Finance, the Secretary of Budget, and the Economic Planning Secretary.
Biz Buzz hears there’s some last minute lobbying going on for the five posts that President Marcos is getting ready to fill, but barring any hitches, we expect the full roster to be announced in the coming days. Abangan! —Daxim L. Lucas
Soon: Porsche Center Manila
The Edsa landscape will change yet again in three years with the scheduled completion of the state-of-the-art Porsche Center Manila.
The building that will have the design touches of renowned architect Jose Pedro Recio will rise beside other PGA Cars’ facilities including PGA Cars Studio with Antonio’s, Prudential Guarantee and the present Porsche Center and Audi.
Work on the 15-storey building that will house showrooms, the service center and corporate offices of Porsche Philippines will begin this weekend as part of the local celebration of the 75th year since Ferry Porsche decided to create his own sports car.
On June 8, 1948, the Porsche 356 “No.1” Roadster got its license to hit the road in Germany, thus officially turning Porsche’s dream into reality, and laying the foundation for what would become the Porsche legend.
Porsche is exclusively distributed in the Philippines by Robert Coyiuto Jr.-led PGA Cars that has lined up activities and displays for Porsche enthusiasts and fans this weekend at PGA Cars on Edsa.
Lined up during the Porsche “Festival of Dreams” are the unveiling of the new Porsche Cayenne E-Hybrid that can sprint from rest to 100 km/h in 4.9 seconds, and reach a top speed of 254 km/h.
The rest of the Cayenne range will be displayed along with assorted versions of the Porsche Macan, 718 Cayman and Boxster, Panamera, the fully electric Taycan, and the legendary 911—the direct descendant of Ferry Porsche’s dream-come-true sports car. —Tina Arceo-Dumlao