• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, May 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

U.S Makes “Once In A Generation Investment” In The Philippines

July 30, 2024
Comfort Ampomaaby Comfort Ampomaa
in Asia
0
U.S Makes “Once In A Generation Investment” In The Philippines

US Secretary of State, Anthony Blinken speaks during a joint press conference at the conclusion of their 2+2 meeting at Camp Aguinaldo in Manila on July 30, 2024.

The United States has announced that it will provide $500m in military funding to the Philippines, aimed at boosting security collaboration.

The announced funding is part of a $2bn facility for foreign military financing that was approved by the US in April.

The announcement came as US Secretary of State, Antony Blinken and Defense Secretary, Lloyd Austin held “2+2” talks with their Philippine counterparts; Enrique Manalo and Gilberto Teodoro in Manila.

RelatedPosts

Singh Lauds ‘Operation Sindoor’s Precision

Pakistan Claims “Operation Sindoor” Targeted Civilian Areas

Opposition Party Hails “Operation Sindoor”

The two officials launched an Asia Pacific tour over the weekend, aimed at boosting Washington’s influence in the region in a bid to challenge the “strategic challenge” Beijing poses.

Speaking at a news conference alongside Manila’s Foreign Affairs Secretary Enrique Manalo and Defence Secretary Gilbert Teodoro, Blinken described the aid as a “once in a generation investment” to help modernise the Philippine armed forces and coastguard.

“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.”

Antony Blinken

Lloyd Austin said that the funds demonstrate the commitment of the US to take “bold steps to strengthen our alliance”.

“We are here to build on an extraordinary foundation. We are working to advance our shared vision of a free and open Indo-Pacific,” he declared.

He added, “This level of funding is unprecedented.”

On his part, Teodoro called the aid a “tremendous boost” to Manila’s defence capabilities.

Teodoro stated 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.

Manalo expressed that the Philippines welcomes the “iron-clad commitment” shown by the US to the pair’s alliance.

Moreover, Blinken emphasized that any possible change in the US leadership following the upcoming presidential election will not affect the country’s commitments to the Philippines.

Blinken, Lloyd Meet President Marcos Jr

AFP 20240730 366H7PR v1 HighRes PhilippinesUsDiplomacyDefence 1722313818
Philippines’ President Ferdinand Marcos Jr greets US Secretary of State Antony Blinken (left) and US Secretary of Defense Lloyd Austin at the Malacanang Palace.

Ahead of meetings with their Filipino counterparts, Enrique Manalo and Gilberto Teodoro, Blinken and Austin met with President Ferdinand Marcos Jr.

According to U.S State Department spokesman Matthew Miller, Blinken and Austin discussed with Marcos “their shared commitment to upholding international law in the South China Sea”, with the US officials reiterating the US’s “ironclad commitments to the Philippines” under the two countries’ Mutual Defence Treaty.

Marcos greeted Blinken and Austin at the Malacanang Palace.

“I’m always very happy that these communication lines are very open so that all the things that we are doing together, in terms of our alliance, in terms of the specific context of our situation here, in the West Philippine Sea and in the Indo-Pacific, are continuously examined and re-examined so we are agile in terms of our responses.”

Ferdinand Marcos Jr.

Blinken said that the talks were evidence of “a steady drum beat, a very high level of engagements between our countries.”

“We are truly grateful for this partnership,” Blinken told Marcos.

The West Philippine Sea is the term used by Manila to refer to the area in the South China Sea in which a series of escalating confrontations between Philippine and Chinese vessels has taken place over recent months.

Beijing lays claim to nearly all of the strategically located waterway. It has built artificial islands, fully equipped with military-type landing strips and shipping ports, and recently enacted new regulations permitting its coastguard to use lethal force against foreign ships in the waters it claims.

The Chinese claim overlaps with the competing claims of several neighbouring ASEAN countries, including Brunei, Malaysia and Vietnam, as well as the Philippines.

Amid the tension, Manila has begun modernising its armed forces which is one of the weakest in Asia and bolstering its coastguard.

READ ALSO: Ayra Starr Cites People’s Opinions Matter Less Than She Thought

Tags: Antony BlinkenEnrique ManaloGilberto TeodoroLloyd AustinPresident Ferdinand Marcos Jr.The Philippines
Please login to join discussion
Previous Post

Mzbel Reveals Reason She’ll Never Get Married

Next Post

SanlamAllianz Partnership: A New Era in Ghana’s Insurance Sector

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Russia, China Advance Talks on Siberia 2 Pipeline Deal 
Extractives/Energy

Russia, China Advance Talks on Siberia 2 Pipeline Deal 

May 8, 2025
Dr Cassiel Ato Forson, Ghana’s Finance Minister
Economy

Finance Minister Assures Cedi’s Sustained Recovery

May 8, 2025
Newly elected Pope Leo XIV appears on the balcony of St. Peter's Basilica.
Europe

Robert Prevost is Pope Leo XIV

May 8, 2025
Ghana Urged to Invest in Green Hydrogen for Clean Energy 
Extractives/Energy

Ghana Urged to Invest in Green Hydrogen for Clean Energy 

May 8, 2025
Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse
Sports

Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse

May 8, 2025
Sudan War Escalates As UN Pleads For Peace
Around the Globe

Sudan War Escalates As UN Pleads For Peace

May 8, 2025
slide 2 of 6
Sudan War Escalates As UN Pleads For Peace
Around the Globe

Sudan War Escalates As UN Pleads For Peace

by Lawrence AnkutseMay 8, 2025
Russia, China Advance Talks on Siberia 2 Pipeline Deal 
Extractives/Energy

Russia, China Advance Talks on Siberia 2 Pipeline Deal 

by Prince AgyapongMay 8, 2025
Dr Cassiel Ato Forson, Ghana’s Finance Minister
Economy

Finance Minister Assures Cedi’s Sustained Recovery

by Evans Junior OwuMay 8, 2025
Newly elected Pope Leo XIV appears on the balcony of St. Peter's Basilica.
Europe

Robert Prevost is Pope Leo XIV

by Comfort AmpomaaMay 8, 2025
Ghana Urged to Invest in Green Hydrogen for Clean Energy 
Extractives/Energy

Ghana Urged to Invest in Green Hydrogen for Clean Energy 

by Prince AgyapongMay 8, 2025
Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse
Sports

Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse

by Stephen M.CMay 8, 2025
Sudan War Escalates As UN Pleads For Peace
Around the Globe

Sudan War Escalates As UN Pleads For Peace

by Lawrence AnkutseMay 8, 2025
Russia, China Advance Talks on Siberia 2 Pipeline Deal 
Extractives/Energy

Russia, China Advance Talks on Siberia 2 Pipeline Deal 

by Prince AgyapongMay 8, 2025
slide 1 to 6 of 6
Russia, China Advance Talks on Siberia 2 Pipeline Deal 
Dr Cassiel Ato Forson, Ghana’s Finance Minister
Newly elected Pope Leo XIV appears on the balcony of St. Peter's Basilica.
Ghana Urged to Invest in Green Hydrogen for Clean Energy 
Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse
Sudan War Escalates As UN Pleads For Peace
[/vc_row_inner]

Recent News

  • Russia, China Advance Talks on Siberia 2 Pipeline Deal 
  • Finance Minister Assures Cedi’s Sustained Recovery
  • Robert Prevost is Pope Leo XIV
  • Ghana Urged to Invest in Green Hydrogen for Clean Energy 
  • Africa’s $80 Billion Football Investment Opportunity: The Rise of a Global Powerhouse
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.