Tag: Cerberus Capital Management
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PH to Washington: Consider Subic as warship manufacturing hub
MANILA – The Philippines is urging the United States to consider the country as its potential manufacturer of US warships, as Washington, DC seeks to fortify its fleet over the next 30 years. “Subic, obviously the (former) Hanjin Subic Shipyard, is (in) shipbuilding operation and we’re sure it could possibly be part of what the…
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US-based Cerberus Capital Management ups PH investments by P15-B
SUBIC BAY FREEPORT – New York-based alternative investment firm Cerberus Capital Management is investing an additional PHP15 billion in the Philippines within a year, as it sees progress in its existing operations and government support for foreign investors. The company, which operates the 300-hectare Agila Subic Shipyard, the former Hanjin Shipyard in Subic Bay that…
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