By Amy R. Remo
A trade delegation comprising of 70 businessmen and government officials from San Francisco, California, has expressed interest in tapping prospective investment opportunities and possibly setting up manufacturing facilities in the Philippines.
South Korea’s Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.
Hyundai Heavy Industries said Sunday it has won a $1.1-billion order from Norway’s Statoil ASA to install a topside facility on a spar hull being built by the South Korean company.
By Robert Gonzaga
Thousands of workers of a Korean shipbuilder may lose their jobs because of the European financial crisis and the government’s failure to make good on its commitment to provide power incentives, a top official of the company said.
By Ronnel W. Domingo
The Philippines is expected to become a major shipbuilding nation in Asia-Pacific, due to investment lures such as skilled but lower-priced labor.