Hanjin may review investment in RP - report
The Hanjin Heavy Industries and Construction Corp may review its investment in the country after a series of negative media reports about the company's projects at the Subic Bay Freeport, a report said Tuesday.
The London-based "Lloyd’s List" news portal said Hanjin may review its investment program in the Philippines if media reports "get any worse."
The report quoted Hanjin Philippines president JS Shim as saying that much of the extensive media coverage of the $1.6B shipyard and related infrastructure was "part of a politically motivated campaign to undermine the country’s current administration led by the increasingly unpopular president Gloria Macapagal-Arroyo."
“Hanjin’s investment in the Philippines is one of this administration’s most praised achievements. Certain sections of the media who do not approve of the administration are seeking to undermine that achievement," the report quoted Shim. - GMANews.TV
The London-based "Lloyd’s List" news portal said Hanjin may review its investment program in the Philippines if media reports "get any worse."
The report quoted Hanjin Philippines president JS Shim as saying that much of the extensive media coverage of the $1.6B shipyard and related infrastructure was "part of a politically motivated campaign to undermine the country’s current administration led by the increasingly unpopular president Gloria Macapagal-Arroyo."
“Hanjin’s investment in the Philippines is one of this administration’s most praised achievements. Certain sections of the media who do not approve of the administration are seeking to undermine that achievement," the report quoted Shim. - GMANews.TV
Labels: hanjin, investment, lloyds, sbma, Subic Bay
posted by OlongapoCity Zambales at
9:38 PM
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