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In October 2022, the Philippines was granted $100 million in FMF that according to U.S. ambassador to the Philippines MaryKay Carlson "could be used to 'offset' its decision to scrap a $227 million deal with Russia" and buy Boeing CH-47 Chinook helicopters from the United States instead of Mil Mi-17. [41] [42] [43]
The Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI) is a banking corporation in the Philippines associated with the Philippine military and police. Camp Aguinaldo branch As of 2016, it had 69 billion Philippine pesos in assets, [ 1 ] which are exempt from taxes in the Philippines . [ 2 ]
The military was given many functions aside from its task of national defense, including assisting in the implementation of price controls imposed on key products like corn and rice, enforcing the rules of the national corn procurement program, assisting in the collection of rural and government bank loans, implementing the agrarian reform law ...
Marcos approved last year an expansion of the U.S. military presence in four more Philippine military camps under the 2014 defense agreement, and the largest war drills between Filipino and U.S ...
The U.S. Department of Veterans Affairs (VA) guaranteed more than 400,000 loans in 2023, with an average loan balance of $360,863. 95% of military members know what a VA loan is, but just 32% know ...
Instant loans are quick, but they often come with extremely high fees and predatory terms. Consider alternatives, like negotiation or a bad credit loan, before turning to instant options like ...
The Philippine Veterans Affairs Office (PVAO; Filipino: Tanggapan ng Ugnayang Pambeterano ng Pilipinas [3]) is the Philippine agency for Filipino war veterans.Under the Department of National Defense, [4] PVAO serves to fulfill a national commitment as embodied in Section 7, Article XVI of the 1987 Philippine Constitution:
The Philippines is looking to buy more military hardware to modernise its arsenal, including additional BrahMos missiles from India and at least two submarines, the chief of the armed forces said ...