The Philippines agreed a deal to buy two naval ships worth a total 337 million USD with a shipbuilding corporation of the Republic of Korea on October 25.
Hanoi (VNA) – The Philippines agreed a deal to buy two naval ships worth a total 337 million USD with a shipbuilding corporation of the Republic of Korea on October 25.
Lued Lincuna, spokesperson of the Philippine Navy said that the purchase of two modern naval ships is a big step for the Philippine Navy towards building a “world class and well-equipped” military force, contributing to protecting the Philippines’ sovereignty.
The purchase highlights the Philippines’ intention to diversify its military and decrease its dependence on the United States.
This is the biggest procurement for the army since President Rodrigo Duterte took office in June.
ꦐ In September, the Philippines proposed increasing its defence budget by 14 percent next year to support the five-year modernised military programme, worth 82 billion PHP (1.7 billion USD).-VNA
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Philippine Defence Secretary Delfin Lorenzana said on October 7 that plans for joint patrols and naval exercises between the Philippines and the US have been postponed.
Philippine President Rodrigo Duterte said that he will keep in place existing agreements and military alliance with the US despite his plans to end all future joint military exercises with the ally.
China and the Philippines signed 13 deals worth 13.5 billion USD covering trade, culture, tourism, drug combat and maritime transport in Beijing on October 20.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative photo (Source: nationalinterest.org)
