The Department of Budget and Management (DBM) has approved and forwarded the budget request worth PHP250 million to the Office of the President for the transfer of former Republic of Korea (ROK) Navy Flight III Pohang-class corvette ROKS Chungju (PCC-762) to the Philippine Navy, MaxDefense Philippines said.
ROKS Chungju was decommissioned from South Korean navy service in December 2016.
The Philippine government will be paying the South Korean government with token fee of USD100.
However, the Philippine government will handle the cost for the ship’s refurbishment to make it safe to sail from South Korea to Philippines.
“We have sent a letter to the Government of South Korea expressing our intent to acquire one Pohang class corvette. We are hoping to receive the vessel within the year,” DND public affairs chief Arsenio Andolong told PNA in April 2017.
“The transfer will be in the form of a donation, however, we will pay a token fee of USD100. The corvette will still undergo refurbishment, the cost of which we will shoulder,” he added.
I was able to attend the 2018 Asian Defense and Security (ADAS) at the World Trade Center (WTC) in Manila recently, and every time the event is held (every two years) it always seem to get bigger and … [Read More...]
MANILA -- The US government reiterated its offer to supply the Philippines with the Lockheed Martin F-16. The offer took place during Department of National Defense (DND) Secretary Delfin … [Read More...]
The kit incorporates, among other systems, an electro-optical imager and a variant of ELTA Systems' EL/M-2022 synthetic aperture radar The 300th Air Intelligence and Security Wing (AISW) of the … [Read More...]
Here in the Philippines, there are lots of events that can – and do – have an effect on the economy. From the recent debates over the local labour market to natural disasters such as Typhoon Haiyan, … [Read More...]
The Philippines will hold joint military exercises with China during the Association of Southeast Asian Nations (Asean)-China military exercise to be held in Zhanjiang, China on October 22 to 29, the … [Read More...]
The National Guard of the Republic of Kazakhstan has received its first Y8F200W military transport aircraft from China. According to Kazakhstan’s source, the National Guard has received into … [Read More...]