Ang Pahayagan

CERBERUS C0-FOUNDER IS No.2 man at Pentagon

Here’s good news or bad news, the way you look at this development that Donald Trump, the US President, nominee for deputy secretary of defense, is Stephen Fenbery, co-founder of the group that took over the developed Hanjin Shipyard facilities at Redondo Peninsula, Subic, Zambales.

Although located across the vast sea lanes from the main industrial area of the Subic Bay Freeport Zone (SBFZ), the Hanjin complex was acquired by the US based investment firm at 300 million, a counter offensive measure initiated by Malacanang the US State Department that even the SBMA top management were excluded on the Hanjin complex negotiations. The selection process was so confidential that when finalized that then SBMA chairman-administrator Rolen C. Paulino Sr and his son Rolen Jr., mayor of Olongapo City were invited to witness the signing in the US.

Us, local media were kept blind on the deal that was done through Philippine Ambassador to the US, Babes Romualdez acted the front man on the project.

Now, will it be advantageous for the Philippines defense sector and SBMA to hail the Fenberry and result in getting more aid for the Philippines? This the questioned spread when they learn that the head of Agila Subic Shipyard is close to the Oval Office.

If you will recall that after taking over the Hanjin shipyard, Celebrus wanted to take over also of the Subic Bay International Airport complex offering very low lease rental for a long period. Jonathan D. Tan, championed the disapproval of the airport by PBBM. The US group even solicited the political connection with the then ruling Democratic Party by bring to Malacanang for US Vice President Dan Quale. But the determination of Tan with PBBM paid off as it solicited the Subic Bay airport. Tan was a Marcos Jr., campaigner in Antique.

This accomplishment was the most significant achievement ACCOMPLISHED by Tan when he was the top guy at Subic.

Agila has sublease to Hyundai a large portion of the shipyard complex which has establish a ship repair facility to maintain the Philippine Navy vessels, instead repair them in Korea, we are told. Likewise, the Undersea Cable Company- SubCon has also leased part of the ocean side of the area. ###