A MAHARLIKA Investment Corp. (MIC) director said it takes a long-term view of investing in strategic Philippine projects and does not expect to be affected by the corruption scandal engulng public works projects. The sovereign wealth fund also signed an agreement with Saudi Arabian energy company ACWA Power to develop renewable energy projects for off-grid locations. The corruption scandal in public works projects has had far-reaching consequences, affecting not only flood-control contractors, government engineers overseeing the projects, and even legislators who allegedly directed the projects to be funded. “Most of their deposits and clients are…related to the National Government, LGUs (local government units) and government agencies. I would think I’m relatively sanguine on the liability side of deposits,” he said.