US announces $500 million military funding for Philippines
The Associated Press — July 30, 2024, 09:00 AM UTC
Summary: U.S. officials will announce $500 million in military funding for the Philippines to enhance defenses and advance a military intelligence-sharing pact amid rising tensions with China. The funding includes naval equipment and base improvements. The proposed General Security of Military Information Agreement aims to facilitate high-level intelligence sharing. Philippine President Ferdinand Marcos Jr. emphasized the importance of U.S. military presence for regional stability.
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