Cerberus Frontier News Today

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

The Subic Bay Metropolitan Authority (SBMA) is targeting P30 billion in investments this year as more manufacturing firms are relocating and expanding while service establishments have reopened their facilities after the pandemic and in anticipation of the huge operation of the US private equity fir

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to the P17-billion US-funded Project AGILA, which seeks to redevelop and operate the Hanjin shipyard in the Subic Bay freeport zone.  In a statement, Tuesday, May 10, FIRB said the project was granted special corpo

THE Cabinet-level Fiscal Incentives Review Board (FIRB) approved tax perks for the P17-billion Project Agila for the redevelopment and operations of Hanjin shipyard in the Subic Bay freeport zone. Finance Secretary and FIRB Chairman Carlos G. Dominguez III supported the approval of tax incentives for Project Agila, which is funded…

US firm Cerberus Frontier has completed the acquisition of the former Hanjin shipyard at the Subic Bay Freeport in Zambales, a “win-win” takeover especially for the Filipino people, according to the Department of Finance (DOF). At the reception in Washington marking Cerberus’ full takeover o

The acquisition of the former Hanjin shipyard at the Subic Bay Freeport by a US-based private equity firm secures the jobs of displaced workers in the area and will also create about 300 employment opportunities every year.

US-based private equity firm Cerberus Frontier’s acquisition of the former Hanjin shipyard is expected to further stimulate the country’s economic growth as many displaced workers in the facility will be retained and an average of additional 300 jobs annually will be created, Finance Secretary Carlos G. Dominguez III said. Dominguez…