Cerberus Capital Management is looking to invest an additional $250 million (P15 billion) in shipyard improvement and key infrastructure projects in the Philippines.

CEBU CITY — The city government is releasing P15 million from its calamity fund to clear heavily silted rivers and waterways following severe flooding that hit several parts of the city recently.

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Fresh River Lakes Corp., owner and operator of the 165-megawatt Casecnan hydroelectric power plant, has secured a P15-billion loan.

The Department of Public Works and Highways has designated the DPWH director for the National Capital Region as government signatory to the P15.7-billion contract for Phase 1 of the&nbsp ...