MANILA -- The Philippines' newly launched sovereign wealth fund will make its first investment, acquiring a 20% stake in a local grid operator, according to an announcement on Monday.
Business deals
Philippines sovereign wealth fund announces first investment
Maharlika to buy 20% stake in local grid operator
A Manila street scene: The Philippine Energy Department said on Jan. 27 Maharlika Investment Corp's purchase of a stake in a grid operator will improve electricity distribution. © Reuters
Read Next
Latest on Business deals
