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Filipino and Thai companies form a $1 billion fund to invest in agriculture, tech, and renewables.
The Philippines' Maharlika Investment Corporation and Thailand's Charoen Pokphand Group are forming a $1 billion private equity fund to invest in agriculture, digital innovation, and renewable energy.
The memorandum of understanding was signed at Malacañan Palace, with President Ferdinand R. Marcos Jr. present.
The fund aims to support economic priorities and attract investment in key sectors, with its first capital close expected within 9-12 months.
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Las compañías filipinas y tailandesas forman un fondo de 1.000 millones de dólares para invertir en agricultura, tecnología y energías renovables.