Investing.com - Financial Markets Worldwide
Get 50% Off
🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Philippines receives $29 mln of military equipment from U.S. to boost defences

Published 12/08/2020, 08:20 PM
Updated 12/08/2020, 08:30 PM
© Reuters.

MANILA, Dec 8 (Reuters) - The Philippines has received 1.4
billion pesos ($29 million) worth of military equipment from the
United States, its defence minister said on Tuesday, part of
efforts to bolster the country's external defence and counter
terrorism capabilities.
Equipment including sniper rifles and anti-improvised
explosive device gear was handed over during a visit by acting
U.S. Defence Secretary Christopher Miller, who is on a
two-nation visit in Southeast Asia.
"The modernization of the AFP (Armed Forces of the
Philippines) will ultimately allow us to respond more
effectively to both traditional and non-traditional security
threats to our maritime nation," Philippines Defence Secretary
Delfin Lorenzana said in a statement.
The Philippines is by far the largest recipient of U.S.
military assistance in the Indo-Pacific region, having received
33 billion pesos worth of planes, ships, armoured vehicles, and
small arms since 2015, the U.S. Embassy in Manila said.
Miller' trip came just a few weeks after U.S. national
security adviser Robert O'Brien's visited Manila to deliver $18
million worth of precision-guided munitions. Last year, U.S. Secretary of State Mike Pompeo assured the
Philippines it would come to its defence if attacked in the
South China Sea.
The United States and China have been at loggerheads over
issues from technology and human rights to Chinese maritime
militarisation, with each accusing the other of deliberately
provocative behaviour.
China claim to 90% of the South China Sea includes areas
claimed by Brunei, Malaysia, the Philippines, Taiwan and
Vietnam. An international tribunal in 2016 ruled that China's
expansive claim, based on its historical maps, is inconsistent
with international law.
($1 = 48.1500 Philippine pesos)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.