The government will help Korean-owned shipbuilder Hanjin Heavy Industries and Construction Co. Philippines seek fresh funding, a Cabinet official said, with two Chinese companies said to be interested in taking over the insolvent firm.

“With or without Hanjin , we are continously looking for new investors,” Trade Secretary Ramon Lopez said in a press conference on Friday.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details