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Direct offset is a side agreement that is directly related to the main product/service that is bought/sold, that is military equipment, systems, or services. They may be also called military offsets. For example, a buyer of military equipment may be given the right to produce a component of a related technology in the buyer's country.
The Spaniards evidently commended the Filipinos' military service, citing them as excellent soldiers in campaigns such as the taking of Ternate. [4] During the first phase of the Philippine Revolution (1896-1897), more than 17,000 native Filipinos were in the Spanish order of battle, 60% of which were made up of members of the Guardia Civil. [6]
The mandate of the firm is to establish a "reliable aviation and aerospace industry" in the Philippines, design, manufacture and sell "all forms" of aircraft, as well as to develop indigenous capabilities in the maintenance, repair, and modification of aviation equipment. [8]
Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or ...
However, mandatory military service remains a possibility in the Philippines as Section 4, Article II of the Constitution of the Philippines states: [68] "The Government may call upon the people to defend the State and, in the fulfillment thereof, all citizens may be required, under conditions provided by law, to render personal, military or ...
The Department of National Defense or DND was formally organised on November 1, 1939, pursuant to Executive Order No. 230 [3] of President Manuel L. Quezon to implement Commonwealth Act No. 1 or the National Defense Act of 1935 passed by the National Assembly on December 31, 1935, [4] and Commonwealth Act No. 340 creating the department.
Globe Capital Venture Holdings, Inc. (GCVHI), doing business as 917Ventures, is a Philippine-based corporate investment firm. [1] Although it is wholly-owned subsidiary of major telecommunications firm Globe Telecom, the company independently operates itself on its own legal entity for the purpose of corporate venture building outside of its parent's core business.
The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, accredited investors include high-net-worth individuals , banks , financial institutions , and other large corporations , who have access to complex and higher- risk investments such as venture capital , hedge ...