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US equity firm officially takes over Subic shipyard | Malou Talosig-Bartolome

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…
United States Subic Bay South Korea Ch Ungch Ong Namdo South Korean Jose Manuelg Romualdez

Investment surge fuels 2.3% job hike in SBMA amid Covid

SUBIC BAY FREEPORT—New investments and expansion projects in the services and manufacturing sectors here fueled a sturdy 2.31 percent increase in job generation last year, bringing the total number of work force in this Freeport to 142,177 by the yearend. Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T.…
City Of Tarlac Olongapo City Subic Bay Davao City Henry Empe Subic Freeport

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This week in history: June 28-July 4

This week in history: June 28-July 4 27 June 2021 25 years ago: Yeltsin claims reelection as president of Russia On July 3, 1996, Boris Yeltsin won the Russian Federation’s presidential runoff election in a vote widely viewed by the population as fraudulent. The election set the stage for future social upheavals and political crises in the wake of the dissolution of the Soviet Union. Yeltsin on a 1996 trip to the Belgograd region Western interests as well as the Stalinist bureaucrats-turned-c...
New York United States United Kingdom Republic Of Turkey General Olongapo City
Source: wsws.org

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