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May 10, 2022
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…
April 24, 2022
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…
April 23, 2022
The Philippine government has finally sealed the deal awarding the 300-hectare shipyard in strategic Subic Bay, Zambales near South China Sea to United States equity investment firm Cerberus Management Capital. "After almost three years of tireless work, the Philippines and US reached a new milestone with the conclusion of the strategically important Subic…
April 22, 2022
The Philippine government has finally sealed the deal awarding the 300-hectare shipyard in strategic Subic Bay, Zambales near South China Sea to United States equity investment firm Cerberus Management Capital. “After almost three years of tireless work, the Philippines and US reached a new milestone with the conclusion of the strategically important Subic…