THE government said a Dutch shipbuilding company is taking an interest in investing in the Philippines, and among the options it is looking into is working with the Philippine Navy and taking over the facility of Hanjin Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Philippines) in Subic, Zambales.
A JOBS fair for at least 3,000 affected workers of Hanjin Heavy Industries and Construction Corp. Philippines (HHIC-Phil), which has declared a debt default, will be held on Feb. 9 at the Subic Gymnasium.
THE GOVERNMENT may help save the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) through a bailout via a white knight to be assisted by the state, Budget Secretary Benjamin E. Diokno said on Wednesday.
THE REHABILITATION RECEIVER for Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) has buckled down to work, aiming first to determine the viability of the shipbuilder’s plan to pay its creditors, suppliers and remaining workers.
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.
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.