It could well be a tsunami in another form, yet the recent declaration of bankruptcy by shipbuilder Hanjin Philippines has attracted scant attention in the Philippines and almost none overseas. Yet the insolvency threatens the livelihoods of the approximately 22,000 employees of the Subic Bay concern, and potentially the security of the nation.
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It could well be a tsunami in another form, yet the recent declaration of bankruptcy by shipbuilder Hanjin Philippines has attracted scant attention in the Philippines and almost none overseas. Yet the insolvency threatens the livelihoods of the approximately 22,000 employees of the Subic Bay concern, and potentially the security of the nation.
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