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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…