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Will Marcos’ shipbuilding push deliver lasting capacity for Philippines?

Will Marcos’ shipbuilding push deliver lasting capacity for Philippines?
Key Points

The Philippines has a rare opening to turn its geography, skilled workers and deepening ties with Japan into a stronger maritime industrial base, but analysts say Manila’s push to make shipbuilding a strategic industry will be judged by whether fresh investment can produce lasting capacity. President Ferdinand Marcos Jnr gave that drive a concrete boost on June 3 when he ordered the addition of 64 hectares (158 acres) to the West Cebu Industrial Park (WCIP), one of the country’s key...

The Philippines has a rare opening to turn its geography, skilled workers and deepening ties with Japan into a stronger maritime industrial base, but analysts say Manila’s push to make shipbuilding a strategic industry will be judged by whether fresh investment can produce lasting capacity. President Ferdinand Marcos Jnr gave that drive a concrete boost on June 3 when he ordered the addition of 64 hectares (158 acres) to the West Cebu Industrial Park (WCIP), one of the country’s key shipbuilding...
Will Marcos (PERSON) Philippines (LOCATION) Japan (LOCATION) Manila (LOCATION) Ferdinand Marcos Jnr (PERSON)
Originally published by South China Morning Post Read original →