No decision on Hanjin Filipino shipyard

Hanjin Heavy Industries has not yet made a final decision on whether to drop its $2billion shipyard project in the southern Philippines. According to a Hanjin spokesman, the project is suspended but nothing has been decided on whether to withdraw or not. A Manila newspaper reported recently that Hanjin was abandoning the project after failing to secure permits and clearances from the local government, quoting a local port official.