Real Estate

Hanjin to continue with $ 2-B shipyard in Misamis Oriental

{mosimage}A major South Korean investor is still inclined to pursue its $ 2 billion shipyard construction in Northern Mindanao despite a bribery and extortion scandal involving the company and a local government unit, Malacanang said yesterday. Press Secretary Ignacio Bunye said Trade Secretary Peter Favila got the assurance from Hanjin Heavy Industries about likely keeping its investments in Misamis Oriental pending an investigation into the corruption allegations. "Hanjin has commun...