Singapore state investor Temasek Holdings has raised its stake in a Philippine gaming business involved in building a $1 billion casino-resort project in Manila.
Temasek took its investment in Melco Crown (Philippines) Resorts Corporation to more than 5 percent, the level at which companies are required to disclose shareholdings, a filing to the Philippine Stock Exchange showed on Tuesday. The shares are held by Temasek subsidiaries. Full story
