US-based firm eyes further expansion in Philippine infrastructure

A US-based investment firm is planning to inject an additional PHP15 billion into the Philippines within the next year, targeting logistics, energy, and transport infrastructure projects—signaling continued foreign investor confidence in the country.

Cerberus Capital Management, a New York-headquartered alternative investment group, disclosed its expansion plans during a meeting with President Ferdinand Marcos Jr. in Washington, D.C. earlier this week.

The firm currently operates the 300-hectare Agila Subic Shipyard, formerly known as the Hanjin Shipyard in Subic Bay, which it acquired in 2022. The new round of funding is expected to further modernize the shipyard while supporting related developments across key industrial sectors.

Cerberus Managing Director Alexander Benard said the company is encouraged by its progress in the country and praised the administration’s support for foreign direct investment.

“We believe the Philippines holds significant long-term potential as a regional hub for industrial and logistics activity,” Benard said in a press release Friday. “We look forward to building on this momentum and supporting the development of our key strategic assets in the Philippines.”

Special Assistant to the President for Investment and Economic Affairs Frederick Go, who was part of the delegation in Washington, said the planned projects are aligned with national priorities.

“These projects are vital to improving our country’s energy resilience and logistics infrastructure,” Go said. “They will create thousands of jobs, open new avenues for regional growth, and position the Philippines as a key logistics hub in Southeast Asia.”

Since acquiring the Subic shipyard, Cerberus has been working to rehabilitate and reposition the site for multiple uses, including ship repair, renewable energy, and defense-related industries. The upcoming investment will support these expansion efforts while introducing new commercial and industrial projects aimed at boosting regional development.