Escalating territorial disputes in the South China Sea drive the Philippines’ military modernization plan.
The Philippines remains determined to enhance its defense capabilities and focus on bolstering its maritime and air defence, despite facing financial difficulties and navigating regional complexities. Source: Defense Visual Information Distribution Service
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s tensions escalate in the South China Sea, the Philippines is gearing up for a boost in defence spending, with plans to allocate $6.2bn (343bn pesos) by 2029, according to a forecast by GlobalData on the Philippines defence market.
The “Re-Horizon 3” initiative is crucial, as the country aims to modernise its military amidst growing territorial disputes.
While financial constraints pose challenges, the Philippines remains steadfast in its commitment to enhancing defence capabilities through strategic acquisitions. Focusing on maritime and air defence, the country aims to navigate regional complexities and safeguard its interests in the face of evolving geopolitical dynamics.