Marcos: Global firm to invest in PH's bid to regain footing in shipbuilding

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Marcos: Global firm to invest in PH's bid to regain footing in shipbuilding
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A global investment company has committed to invest in the Philippines' bid to regain its footing in the global shipbuilding industry. | ManilaBulletin

President Ferdinand "Bongbong" Marcos Jr. revealed that Cerberus Global Investment LLC, a global alternative investment firm with assets across credit, private equity, and real estate strategies, pledged more investments and local employment in the Philippines.

Marcos said former US vice president and Cerberus chairman James Danforth Quayle told him that the company is excited to be a part of the Philippine economic growth story and has been planning more and bigger investments to the country. According to Marcos, Cerberus wants to ensure diverse economic activity by having multiple companies engaged in various businesses.

Aside from those ventures, Cerberus is also looking to invest in the country’s semiconductors, and energy sectors.

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