A Tremendous Potential of Shipyard Extension Projects
The State-run Development Bank of the Philippines (DBP) supported the local shipbuilder with a P4.17 billion loan to finance the expansion of the company’s Albuera, Leyte, shipyard. Emmanuel Herbosa the president and chief executive officer of DBP shared that the bank had signed a term loan agreement with Megaship Builders Inc. to upgrade and improve its shipbuilding complex’s capacity. In …