Independent journal on economy and transport policy
13:36 GMT+1
Crisis claims Aboitiz-owned maker of high-speed boats
(Business World)
July 20, 2009
CEBU CITY - Work has stopped at the shipyard of fast-craft builder FBMA Marine, Inc. in Balamban town with the completion and delivery of the last two vessels to a buyer in the United Kingdom.
The Aboitiz-owned company is set to retrench an additional 89 workers effective July 26, the Department of Labor and Employment (DoLE) regional office here said ...... Read more on Business World
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