Prabowo Faces Growing Discontent as Jokowi Revives His Political Ambitions 
Five years after the Pandora Papers, transparency laws lose their teeth 
How Hungary’s richest man funneled millions into Orbán’s propaganda machine The deal, struck last week during German President Frank-Walter Steinmeier’s milestone visit to Manila – the first by a German head of state since 1963 – centres on a 157,000-square-metre (39-acre) aviation facility at the former US air base.
Advertisement
It envisages developing the site into a state-of-the-art maintenance, repair and overhaul hub capable of servicing nine widebody aircraft at the same time.
When operations begin in 2028, the facility – to be developed by Lufthansa Technik Philippines (LTP), an existing joint venture between Germany’s Lufthansa Technik and the Philippines’ MacroAsia Corporation – is projected to employ 1,200 highly skilled Filipinos.
Advertisement
It is, by any measure, a serious industrial investment. But seen through the lens of intensifying global power dynamics, analysts say it is considerably more than that.
Don't Miss:
-
Two Years On, the Sinaloa Cartel War Changes Shape | The InSight Take
-
US wraps up military mission in Iraq, giving Baghdad room to strengthen China ties
-
As China and the EU begin crunch trade talks, optimism is in short supply
-
Data centre opposition is growing in Australia. Is there a middle ground?
-
Helper arrested for allegedly slapping 5-year-old boy after he refuses to eat