5 days ago
Cerberus to Expand Subic Bay Business as US Interest in Former Naval Base Grows
Cerberus Capital Management plans to expand its operations in Subic Bay in the Philippines, as the US renews interest in its former naval base, which is being considered as a regional ammunition production hub.
The US investment firm is looking to lease around 200 hectares (494 acres) near a 310-hectare former shipyard it took over in 2022, according to a senior official at the Subic Bay Metropolitan Authority, which manages the freeport zone.
