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San Francisco traders, execs keen on setting up firms in PH

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An employee works on a machine inside a newly built product distribution warehouse in Cabuyao, Laguna, in this file photo. AFP

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.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Hyundai wins order for world’s biggest container ship

A ship being being built at Hyundai Heavy Industries shipyard in Ulsan in this file photo. The South Korean shipbuilder said Monday it had won a $700-million deal to build the world's largest container ships for China Shipping Container Lines.  AFP PHOTO/ FILES/KIM JAE-HWAN

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.

Posted: May 7th, 2013 in Latest Business Stories | Read More »

S. Korea’s Hyundai wins $1.1B order from Norway

A ship being being built at Hyundai Heavy Industries shipyard in Ulsan in this file photo. The South Korean shipbuilder said Monday it had won a $700-million deal to build the world's largest container ships for China Shipping Container Lines.  AFP PHOTO/ FILES/KIM JAE-HWAN

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.

Posted: January 20th, 2013 in Latest Business Stories | Read More »

Hanjin threatens to cut down operations

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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.

Posted: January 16th, 2013 in Headlines | Read More »

PH prospects as shipbuilding center brighten

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The Philippines is expected to become a major shipbuilding nation in Asia-Pacific, due to investment lures such as skilled but lower-priced labor.

Posted: January 6th, 2013 in Headlines | Read More »

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