Philippines Leads Asian Rise at China-Japan Cost

Jose Winylito Tanquis has reason to be proud as he raises a flag to signal the launch of the 58,000-ton “Ocean Symphony” in the Philippines. Not only did he help build the cargo vessel, his son John now works at the yard.

“Now, he can buy his own stuff, like shoes and clothes,” said Tanquis, 47, a foreman at Tsuneishi Holdings Inc.’s yard in Balamban on Cebu Island. At 21, John is the eldest of six siblings who will enter the workforce in the next decade.