Extract from Article in Manilla Times, December 15th -online
So, what will Digong do, or can do, if the contract is already a fait accompli? A reliable source said that Austal and Cerberus are reportedly poised to take over the facility as early as next month.An authoritative source suggests that the government could insist on renegotiating the contract to include a provision that “there should be a restriction that prohibits the yard from accepting any naval business, whether for repair, routine or emergency, and new construction defining clearly the protocols. It should also prohibit the accommodation of any nuclear powered vessel, armed ships whether they are government or civilian-controlled.”
The source also said that “we should get a clear picture on who the beneficial owners really are. It is just too bad that our local entrepreneurs do not have the appetite for this bus
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