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Manila Standard | Defining The News
Hanjin Heavy Industries and Construction Corporation, which filed for bankruptcy, owes $400 million to local banks and another $900 million to South Korean lenders
A former Philippine Navy chief has sounded thealarm over the security and strategic implications on the prospect of a Chinese takeover of a commercial shipyard in Subic.
The chairman of the House Committee on Financial Intermediaries on Saturday asked the Securities and Exchange Commission (SEC) , Bangko Sentral ng Pilipinas (BSP) , and Department of Labor (DOLE) to step into the bankruptcy situation of Hanjin Heavy Industries and Construction Philippines and ensure that the interests of all stakeholders are protected.
The government will help Korean-owned shipbuilder Hanjin Heavy Industries and Construction Co. Philippines seek fresh funding, a Cabinet