The China Mail - Blinken says US to provide $500 mn military funding to Philippines

USD -
AED 3.672501
AFN 65.999825
ALL 81.712045
AMD 361.753434
ANG 1.790365
AOA 916.999977
ARS 1522.124996
AUD 1.43769
AWG 1.8025
AZN 1.681394
BAM 1.737061
BBD 2.009761
BDT 122.681351
BGN 1.683441
BHD 0.376139
BIF 3010.440397
BMD 1
BND 1.277095
BOB 11.989466
BRL 5.2242
BSD 0.997864
BTN 96.673343
BWP 13.795125
BYN 3.005582
BYR 19600
BZD 2.00683
CAD 1.42524
CDF 2310.000172
CHF 0.82809
CLF 0.024807
CLP 979.509518
CNY 6.70455
CNH 6.70674
COP 3308.893734
CRC 457.228121
CUC 1
CUP 23.947846
CVE 97.93455
CZK 21.706797
DJF 177.688171
DKK 6.642815
DOP 59.57821
DZD 133.733008
EGP 52.229805
ERN 15
ETB 162.980864
EUR 0.888603
FJD 2.24725
FKP 0.755263
GBP 0.75505
GEL 2.604995
GGP 0.755263
GHS 11.719461
GIP 0.755263
GMD 73.50029
GNF 8777.749653
GTQ 7.625865
GYD 208.729866
HKD 7.84735
HNL 26.789767
HRK 6.695201
HTG 130.667057
HUF 327.345503
IDR 17916
ILS 3.05233
IMP 0.755263
INR 96.32555
IQD 1307.215085
IRR 1746539.491398
ISK 121.870146
JEP 0.755263
JMD 157.969296
JOD 0.709008
JPY 157.661504
KES 129.109971
KGS 87.450019
KHR 4047.374802
KMF 438.000055
KPW 900.000318
KRW 1343.719668
KWD 0.30883
KYD 0.831494
KZT 448.324711
LAK 22413.969207
LBP 89356.739689
LKR 329.992317
LRD 170.627184
LSL 16.684267
LTL 2.95274
LVL 0.60489
LYD 6.390415
MAD 9.913803
MDL 17.831877
MGA 4408.878152
MKD 54.688367
MMK 2099.850161
MNT 3596.272149
MOP 8.065423
MRU 39.874236
MUR 48.15001
MVR 15.459807
MWK 1730.237185
MXN 18.14605
MYR 4.0821
MZN 63.899915
NAD 16.683971
NGN 1327.079931
NIO 36.716804
NOK 9.61875
NPR 154.675975
NZD 1.77991
OMR 0.383727
PAB 0.997864
PEN 3.457929
PGK 4.518991
PHP 62.542498
PKR 276.377225
PLN 3.89645
PYG 5837.970344
QAR 3.637252
RON 4.743198
RSD 104.342729
RUB 83.348513
RWF 1477.820262
SAR 3.74637
SBD 8.078071
SCR 13.739137
SDG 601.504144
SEK 10.03186
SGD 1.279205
SHP 0.75503
SLE 24.602782
SLL 20969.491881
SOS 570.291718
SRD 37.811496
STD 20697.981008
STN 21.76008
SVC 8.730599
SYP 13002.000254
SZL 16.680803
THB 33.530267
TJS 9.185144
TMT 3.5
TND 2.97343
TOP 2.40776
TRY 49.164001
TTD 6.766113
TWD 31.851498
TZS 2629.336953
UAH 44.898682
UGX 3981.685844
UYU 40.216537
UZS 11769.199
VES 865.47815
VND 25985.5
VUV 119.582079
WST 2.788611
XAF 582.885502
XAG 0.016441
XAU 0.000240993181
XCD 2.70255
XCG 1.798376
XDR 0.707052
XOF 582.885502
XPF 105.923679
YER 236.302774
ZAR 16.64225
ZMK 9001.183254
ZMW 19.607338
ZWL 321.999592
SSP 5712.591527
MXV 2.053193
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Blinken says US to provide $500 mn military funding to Philippines
Blinken says US to provide $500 mn military funding to Philippines / Photo: © POOL/AFP

Blinken says US to provide $500 mn military funding to Philippines

The United States will provide $500 million in military funding to the Philippines, US Secretary of State Antony Blinken said Tuesday, as Washington boosts ties with Manila in the face of China's growing assertiveness.

Text size:

Blinken was in Manila with US Defense Secretary Lloyd Austin as part of an Asia-Pacific tour to strengthen Washington's latticework of alliances aimed at countering Beijing.

"We're now allocating an additional $500 million in foreign military financing to the Philippines to boost security collaboration with our oldest treaty ally in this region," Blinken told a joint news conference.

Blinken described it as a "once in a generation investment" to help modernise the Philippine armed forces and coast guard.

"We're building on a lot of progress the Philippines has already made to be better positioned to defend their sovereignty. That is what this is about."

Blinken and Austin earlier met with President Ferdinand Marcos, who has taken a strong stand against Chinese actions in the South China Sea, before holding "2+2" talks with their Philippine counterparts Enrique Manalo and Gilberto Teodoro.

The latest high-level US visit follows a series of escalating confrontations between Philippine and Chinese vessels in the disputed waterway that have raised concern that Washington could be dragged into a conflict due to its mutual defence treaty with Manila.

The additional funding is part of the $2 billion in foreign military financing approved by the United States in April.

The Philippines began a modest modernisation program more than a decade ago under former president Benigno Aquino to strengthen its armed forces, one of the weakest in Asia.

It has continued under Marcos, who has also ordered the military to increase their focus on external threats.

Teodoro said the US funds would be used to help secure the Philippines' "credible deterrent posture", as it seeks to boost its cybersecurity capabilities among other things.

- 'Fanning the flames' -

There has been a revolving door of top US officials passing through the Philippines since Marcos took office in 2022 and adopted a more US-friendly foreign policy.

Marcos expanded an agreement giving American troops access to nine Philippine military bases, including in the far north of the country, which has infuriated Chinese leaders.

The Enhanced Defence Cooperation Agreement, or EDCA, allows US troops to rotate through the bases and also store defence equipment and supplies at them.

Teodoro said Manila and Washington had agreed to "fully implement" EDCA projects and boost investment in the sites.

The Philippines' proximity to the hotly contested South China Sea, as well as self-ruled Taiwan, would make it a key partner for the United States if a conflict were to break out in the region.

Beijing claims almost the entire waterway, despite an international ruling that its assertion has no legal basis, and considers democratic Taiwan to be part of its territory.

Marcos told Austin and Blinken that he was "very happy" about the open lines of communication with the United States, which helped Manila be "agile in terms of our responses" on issues including the South China Sea.

Blinken and his Chinese counterpart Wang Yi sparred on Saturday over the South China Sea when they met on the sidelines of the foreign ministers meeting of the Association of Southeast Asian Nations in Laos.

Wang told Blinken the United States should "refrain from fanning the flames, stirring up trouble and undermining stability at sea," according to a foreign ministry statement.

"The risks and challenges facing China-US relations are still rising," he said.

F.Brown--ThChM