Philippines approves $450 million purchase of 40 fast patrol craft for coastguard

The Philippines has approved the purchase of 40 fast patrol craft for its coastguard, costing $450 million. This decision comes amid increasing maritime threats in the South China Sea. The new vessels aim to enhance the Philippine Coast Guard's capabilities, which have been challenged by recent clashes with China. The government is focused on asserting its claims in the disputed waters. Additionally, the government approved extensions and budget increases for two flood-control projects, funded by a loan from Japan. A new project to develop the Philippine International Exhibition Centre was also approved to promote tourism.