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Recto bats for Maharlika investment in NGCP

By Inquirer - 3 months ago
Finance Secretary Ralph Recto wants the Philippine sovereign wealth fund under fledgling Maharlika Investment Corp. to kick off its investing activities by getting one board seat in National Grid Corp. of the Philippines (NGCP)—estimating that around P12 billion is needed to gain such foothold in the country’s sole electricity superhighway operator. “The first investment will

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