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Hanjin receiver gets down to work

THE REHABILITATION RECEIVER for Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) has bucked down to work, aiming first to determine the viability of the shipbuilder’s plan to pay its creditors, suppliers and remaining workers......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 44 min. ago Related News

Palace urged to study options on Hanjin

Palace urged to study options on Hanjin.....»»

Source: Thestandard ThestandardCategory: News18 hr. 31 min. ago Related News

Concerns raised over government takeover of Hanjin

The public should continue monitoring developments concerning the bankrupt Hanjin Heavy Industries Construction in Subic Bay as the so-called Davao group and China might be conspiring to take over the beleaguered South Korean firm, Sen. Antonio Trillanes IV warned yesterday......»»

Source: Philstar PhilstarCategory: News18 hr. 57 min. ago Related News

Hanjin PHL may need 8 years to recover

THE government is looking into having other foreign white knights to acquire Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), with an initial eight-year rehabilitation plan on the table......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 17th, 2019Related News

Gordon backs Hanjin takeover

A government takeover of the debt-saddled Hanjin Heavy Industries and Construction Philippines Inc. may save the jobs of some 3,800 workers and make the country a world leader in shipbuilding, according to Sen. Richard Gordon. “We should take that over if necessary. What is important is that the Philippines can build ships for the Philippine […].....»»

Source: Tribune TribuneCategory: NewsJan 17th, 2019Related News

Solon urges study on Hanjin options

Malacañang should constitute a Cabinet-level committee that will look into “all available options” to quickly revive the now-idle Subic shipyard of bankrupt Hanjin Heavy Industries and Construction Philippines Inc., the party-list group ACTS-OFW said Thursday. “Our biggest concern now is how to rescue the shipyard’s 10,800 Filipino workers, including the 7,000 laid off in December,” […].....»»

Source: Tribune TribuneCategory: NewsJan 17th, 2019Related News

Don’t let Chinese firm take over Hanjin shipyard – Trillanes

MANILA, Philippines – Opposition Senator Antonio Trillanes IV on Thursday, January 17, warned against letting a Chinese company take over  Hanjin Heavy Industries and Construction Philippines'  shipyard in Subic Bay, citing its serious implications on Philippine national security. Trillanes made the statement in a Senate media forum, while responding to questions about a possible ........»»

Source: Rappler RapplerCategory: NewsJan 17th, 2019Related News

Fitch unit: Hanjin bankruptcy unlikely to threaten Philippines financial stability | Philstar.com

Fitch unit: Hanjin bankruptcy unlikely to threaten Philippines' financial stability Philippine Star Local banks' huge exposures to Hanjin Philippines which recently declared bankruptcy after.....»»

Source: Manilanews ManilanewsCategory: NewsJan 17th, 2019Related News

Duterte open to gov& rsquo;t taking over Hanjin& mdash;DND

Duterte open to gov& rsquo;t taking over Hanjin& mdash;DND.....»»

Source: Thestandard ThestandardCategory: NewsJan 17th, 2019Related News

Duterte open to government takeover of Hanjin

Concerned about saving thousands of Filipino jobs, President Duterte is open to a government takeover of the Subic Bay shipbuilding facilities of the bankrupt Hanjin Heavy Industries and Construction Philippines, Defense Secretary Delfin Lorenzana said yesterday......»»

Source: Philstar PhilstarCategory: NewsJan 16th, 2019Related News

Hanjin recovery uncertain – Fitch Ratings

MANILA, Philippines – The interest of Chinese firms in taking over Hanjin Heavy Industries and Construction Philippines and the court granting its request for corporate rehabilitation may not be enough to lift the embattled company, said debt watcher Fitch Ratings on Wednesday, January 16. Fitch Ratings said "recoverability ........»»

Source: Rappler RapplerCategory: NewsJan 16th, 2019Related News

Govt must stay out of Hanjin mess, shipyard business

THE surprise bankruptcy of shipbuilder Hanjin Heavy Industries and Construction Philippines (HHIC-PH) is certainly cause for grave concern. But just as Malacañang has so far downplayed the urgency of the…READ The post Govt must stay out of Hanjin mess, shipyard business appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsJan 16th, 2019Related News

Gov t takeover of Hanjin eyed

Gov t takeover of Hanjin eyed.....»»

Source: Cnnphilippines CnnphilippinesCategory: NewsJan 16th, 2019Related News

BSP stress test shows minimal bank impact of Hanjin debt woes

The Bangko Sentral ng Pilipinas (BSP) said yesterday the failure of Korean shipbuilder Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to settle its obligations to five of the largest banks in the Philippines worth over P21 billion would have minimal impact on the capitalization of the banking industry......»»

Source: Philstar PhilstarCategory: FinanceJan 16th, 2019Related News

Gov’t mulls takeover of Hanjin’s shipyard

OPTIONS for a resolution of debt troubles of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which has entered rehabilitation, now include a possible government takeover of its facilities in Subic Bay Freeport in Central Luzon, the country’s Defense chief said on Wednesday......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 16th, 2019Related News

Fitch joins Moody& rsquo;s in warning over Hanjin& rsquo;s debt

Fitch joins Moody& rsquo;s in warning over Hanjin& rsquo;s debt.....»»

Source: Thestandard ThestandardCategory: FinanceJan 16th, 2019Related News

Duterte open to government takeover of Hanjin facility

President Rodrigo Duterte was "very receptive" of the idea that the government may control of Hanjin Philippines in Subic, Defense Secretary Delfin Lorenzana said Wednesday......»»

Source: Philstar PhilstarCategory: NewsJan 16th, 2019Related News

Duterte receptive to gov’t takeover of Hanjin s Subic shipyard

MANILA, Philippines – President Rodrigo Duterte is “receptive” to a Philippine government takeover of the Subic shipyard of South Korean shipbuilder Hanjin Heavy Industries and Construction Philippines . Defense Secretary Delfin Lorenzana said this during the Senate budget deliberations on Wednesday, January 16. The Senate constituted itself as a committee of the whole to ........»»

Source: Rappler RapplerCategory: NewsJan 16th, 2019Related News

Partylist solons urge govt takeover of Hanjin | The Manila Times Online

Partylist solons urge govt takeover of Hanjin The Manila Times Reports that Korean-owned Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) could be bought by a Chinese firm have alarme.....»»

Source: Manilanews ManilanewsCategory: NewsJan 16th, 2019Related News

Little fallout expected from Hanjin bankruptcy | The Manila Times Online

The Philippine financial system is unlikely to be shaken by the bankruptcy of a Subic-based shipbuilder, a Fitch unit said, although challenges should be expected overall given a possible economicREAD.....»»

Source: Manilanews ManilanewsCategory: NewsJan 16th, 2019Related News