MANILA // The Philippines, which is now embroiled in a territorial dispute with China, is set to acquire new warplanes in two years to upgrade its poorly-equipped air force, the defence minister said Friday.
Attack aircraft, lead-in fighter-trainers, attack helicopters and light and medium transport aircraft were all expected to be delivered within two years, Defence Secretary Voltaire Gazmin said.
Speaking at the 65th anniversary of the Philippine Air Force, Gazmin said "these aircraft shall once and for all, erase the ironic and naughty commentary that our present airforce is all air, devoid of force."
The defence department also plans to sign contracts by July 31 to implement 138 military modernisation projects over the next five years, he added, without saying how much the contracts would cost or who would supply such equipment.
The Philippines has one of the most poorly-equipped militaries in the region, having retired the last of its fighter jets in 2005.
The weakness of the military was highlighted when the Philippines got into a standoff with China in April over the Scarborough Shoal, an outcropping of rocks in the South China Sea that both countries claim as their territory.
China claims nearly all of the South China Sea, even waters close to the coasts of neighbouring countries. The Philippines says the shoal is well within its 200-nautical-mile exclusive economic zone.
The two countries also have wider territorial disputes over parts of the Spratly islands in the South China Sea .
Gazmin did not mention the territorial dispute but stressed that air force personnel were all over the archipelago, including the West Philippine Sea-- the local term for the South China Sea.
The Philippines has looked to its main defence ally, the United States, to help it upgrade its armed forces but President Benigno Aquino said in an interview in May, that it was looking for aircraft from outside the US as well.
COMPANY%20PROFILE
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HEADLINE HERE
- I would recommend writing out the text in the body
- And then copy into this box
- It can be as long as you link
- But I recommend you use the bullet point function (see red square)
- Or try to keep the word count down
- Be wary of other embeds lengthy fact boxes could crash into
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MEDIEVIL%20(1998)
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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FIGHT INFO
Men’s 60kg Round 1:
Ahmad Shuja Jamal (AFG) beat Krisada Takhiankliang (THA) - points
Hyan Aljmyah (SYR) beat Akram Alyminee (YEM) - retired Round 1
Ibrahim Bilal (UAE) beat Bhanu Pratap Pandit (IND) - TKO Round 1
Men’s 71kg Round 1:
Seyed Kaveh Soleyman (IRI) beat Abedel Rahman (JOR) - RSC round 3.
Amine Al Moatassime (UAE) walk over Ritiz Puri (NEP)
The%20stats%20and%20facts
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The five pillars of Islam
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
UAE currency: the story behind the money in your pockets
MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
ON%20TRACK
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RESULT
Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
UAE currency: the story behind the money in your pockets
Zayed Sustainability Prize
A German university was a good fit for the family budget
Annual fees for the Technical University of Munich - £600
Shared rental accommodation per month depending on the location ranges between £200-600
The family had budgeted for food, books, travel, living expenses - £20,000 annually
Overall costs in Germany are lower than the family estimated
As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640
Students are permitted to withdraw £720 per month