Inset Photo: Future plan for Subic Freeport
The flamboyant billionaire is looking at joining a South Korean company that is already building a major complex in Subic Bay, which is located north of Manila.
Trump Organization executive vice-president Michael Cohen said he had met officials of the Heung-A Property Group to discuss the plan.
He said the two sides were working on "a definitive agreement" where the Trump group would be a key developer of the beachfront but added that no formal accord had been signed.
Heung-A Property owns Subic Neocove Corp., a venture that is developing a tourism complex. The company is planning an initial 250 million-dollar investment to build hotels, golf courses, a casino and residential areas. -via yahoonews