MANILA, March 17 -- The Maharlika Investment Corporation (MIC) is currently exploring possible investments in agro-industries.

"MIC is interested to invest in agro-industry. They are considering coco oil mills among others. But no details as of now. It's a work in progress," Department of Finance (DOF) Secretary and MIC chairperson Ralph Recto said in a Viber message on Sunday.

The MIC Board had its fifth board meeting on March 14, presided over by Recto and MIC president and chief executive officer Rafael Consing Jr.

During the meeting, the MIC Board approved discussions with the DOF-Privatization Management Office to explore investment opportunities in government assets, particularly in coconut mills and refineries.

In a separate te...