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Hanjin PHL may need 8 years to recover

THE government is looking into having other foreign white knights to acquire Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), with an initial eight-year rehabilitation plan on the table.

BSP downplays effect of Hanjin default on banking industry

LOCAL banks’ exposure to embattled firm Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) is “negligible,” a senior central bank official said, noting that local lenders are well-placed to weather these loan defaults.