Hanjin to push ahead shipyard project

South Korea's Hanjin Heavy Industries is proceeding with its plan to build a $2.0-billion shipyard project in southern Philippines, Trade Secretary Peter Favila said Tuesday.

Company officials told me that they are proceeding with the project. They are just waiting for some approval, Favila said in an interview.

A Manila newspaper reported last month that Hanjin was abandoning the project after failing to secure permits and clearances from the local government. A Hanjin spokesman has said the company has not made a final decision yet on whether to drop it or not.

Source: http://business.inquirer.net