Lawmaker scoffs at gov’t take over of Hanjin; Reputable firms eyed

          MANILA, Philippines - The proposed Philippine government takeover of Hanjin Heavy Industries and Construction Corp. will not be 'prudent' as the government has a poor track record of managing businesses, Senator Sherwin Gatchalian said on Friday. Gatchalian made the remark after the proposal that the government was introduced to the Senate floor last Wednesday. READ:Government takeover of Hanjin eyed "It will not be prudent for the government to take over the operations and the financial burden of Hanjin Heavy Industries and Construction in Subic Bay," Gatchalian said in a statement.        ...Keep on reading: Lawmaker scoffs at gov’t take over of Hanjin; Reputable firms eyed

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