Philippine Navy Planning to Spend USD 1.5 Billion to Build 50-Ship Maritime Force
The Philippine Navy is planning to spend an initial PHP 75 billion (USD 1.5 billion) to build a 50-ship maritime force to protect the country’s security interests and catch up with its neighbors in South East Asia according to a senior naval commander. The naval...
World’s Largest Bicycle Manufacturer Considering Investing in the Philippines
According to a June 2020 report in the Manila Standard, the Department of Trade and Industry in the Philippines is in talks with Giant Manufacturing Corporation (“Giant”) from Taiwan, the world’s largest bicycle manufacturer, to get the company to...
US Approves Two Possible Attack Helicopter Sales Packages for Philippines
The US State Department has notified the US congress that two possible sales of attack helicopters to the Philippines through Foreign Military Sales (FMS) were approved. The approved proposals include either six Boeing Apache AH-64E worth USD 1.5 billion or six Bell...