MANILA, Philippines — Magdalo Rep. Gary Alejano on Tuesday warned about security implications of a possible Chinese takeover of Hanjin Heavy Industries and Construction Corp. Philippines that declared bankruptcy earlier.

READ: Minimal risk seen from Hanjin crisis

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The opposition lawmaker said the possible takeover of Hanjin, the largest Philippine shipyard located in Subic, “allows unlimited access to a highly strategic naval and maritime asset of the country.”

“This may have repercussions on our national security,” he added.

Two Chinese shipbuilding firms are reportedly interested in taking over the operations of Hanjin Philippines, according to Ceferino Rodolfo, managing head of the Board of Investments.

Some 3,500 Filipinos are feared to lose their jobs if the Hanjin shipyard is closed.

READ: 2 Chinese firms eye Hanjin

Alejano echoed the concerns of former Navy chief Alexander Pama, who cited the geographic location of Subic and China’s “history of illegal occupation of our territory.”

“The Hanjin shipyard in Subic is facing the West Philippine Sea which could provide China easier access in our territory. Their resupply missions for their troops in reclaimed islands would be faster and monitoring of fishing activity in our waters would be less challenging. China could also base their assets in the area for intelligence gathering and monitoring of activity in our waters,” Alejano said.

“Kung ‘yun ngang mga isla na pagmamay-ari natin ay ilegal na nakuha ng China, paano pa kaya ang magiging kapalaran ng Subic kung papahintulutan natin ang pagkontrol nila ng Hanjin shipyard? Subic could end up being a naval base of China sharing the same area with our Navy,” the former Marine officer added.

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Alejano called on the government to raise the security implications of the possible takeover of Hanjin by Chinese firms.

Malacañang dismissed the possible takeover of Chinese firms as a “speculation.”

“For now, we will just be speculating because we still don’t know who will take over,” Presidential Spokesperson Salvador Panelo said.

“Why are we concerned of China and not of other countries?” he added. /cbb

READ: Chinese firms to take over Hanjin Philippines? It’s all rumor – Palace

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