logo
Japan to export used destroyers to Philippines to deter China, Yomiuri reports

Japan to export used destroyers to Philippines to deter China, Yomiuri reports

Straits Times06-07-2025
Sign up now: Get ST's newsletters delivered to your inbox
The export plan involves six Abukuma-class destroyer escorts in service by the Japan Maritime Self-Defence Force for more than three decades, the Japanese.
TOKYO - Japan will export used navy destroyers to the Philippines to strengthen its deterrence against China's maritime expansion, the Yomiuri newspaper reported on July 6, as the two US allies increase cooperation to counter Beijing.
The export plan involves six Abukuma-class destroyer escorts in service by the Japan Maritime Self-Defence Force for more than three decades, the Japanese daily said, citing multiple unnamed government sources.
Defence ministers Gen Nakatani and Gilberto Teodoro agreed to the destroyer export when they met in Singapore in June, the Yomiuri said, adding the Philippine military is set to inspect the destroyers this summer as part of the final preparations.
A Japanese defence ministry spokesperson declined to comment on the report. A Philippine military spokesperson and China's foreign ministry did not immediately respond to Reuters requests for comment.
Tokyo and Manila say they face challenges from Beijing's increasingly assertive moves in waters including the South China Sea for the Philippines and the East China Sea for Japan.
Bilateral military cooperation has included joint exercises, a Japanese radar aid package and a high-level strategic dialogue. In 2024, they signed a reciprocal access agreement, the first such for Japan in Asia, allowing deployment of forces on each other's soil.
To clear military equipment export restrictions for the destroyers under Japan's pacifist mandates, Tokyo will treat the installation of equipment and communication systems requested by Manila as a joint development project, the Yomiuri said.
Top stories
Swipe. Select. Stay informed.
Singapore First BTO project in Sembawang North to be offered in July launch
Business High Court orders Instagram seller to pay Louis Vuitton $200,000 in damages over counterfeit goods
Singapore MOH studying 18 proposals to integrate TCM into public healthcare
Singapore TTSH to demolish century-old pavilion wards, keeping one as heritage marker
World Death toll from Texas floods reaches at least 43; dozens still missing
Singapore Red Lions and naval divers join forces for Jump of Unity at NDP 2025
Singapore His world crashed when he got F9 in O-level Tamil but PropNex co-founder Ismail Gafoor beat the odds
Asia HIV surge in the Philippines amid poor sex education, policy gaps
The Abukuma-class destroyer escort, a relatively small type of destroyer with a 2,000-tonne standard displacement, is operated by a crew of about 120 and is armed with anti-submarine and anti-ship missiles, torpedo tubes and guns, according to a Japanese navy website.
The Philippine Navy does not have destroyers, only frigates and corvettes, which are typically smaller and lighter-armed vessels. REUTERS
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Russia expects India to keep buying its oil and seeks China-India-Russia talks
Russia expects India to keep buying its oil and seeks China-India-Russia talks

Straits Times

time3 hours ago

  • Straits Times

Russia expects India to keep buying its oil and seeks China-India-Russia talks

Sign up now: Get ST's newsletters delivered to your inbox Roman Babushkin, charge d'affaires at the Russian embassy in India, attends a press conference in New Delhi, India, August 20, 2025. REUTERS/Adnan Abidi NEW DELHI - Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China. U.S. President Donald Trump has announced an additional tariff of 25% on Indian goods exported to the U.S. from August 27, as a punishment for buying Russian oil, which constitutes 35% of India's total imports compared with a negligible 0.2% before the Ukraine war. "I want to highlight that despite the political situation, we can predict that the same level of oil import (by India)," Roman Babushkin, the charge d'affaires at the Russian embassy in India, told a press briefing. He predicted India and Russia would find ways to overcome Trump's latest tariffs in their "national interests". Trade talks between India and the U.S. broke down over the opening up of India's vast farm and dairy sectors, as well as its purchases of Russian oil. The total tariff announced on Indian goods entering the U.S. is 50%. The Indian foreign ministry did not immediately reply to an emailed request for comment. It has previously said the U.S. decision to single out India for Russian purchases was "extremely unfortunate". Top stories Swipe. Select. Stay informed. Singapore 18 persons nabbed and 82 vapes seized in HSA ops in Raffles Place and Haji Lane Singapore Woman trapped between train doors: Judge rules SBS Transit '100% responsible' Life 'Loss that's irreplaceable': Local film-makers mourn closure of indie cinema The Projector Singapore COE premiums up in all categories except motorcycles; Cat A price climbs 2.5% to $104,524 Singapore Nearly 2 years' jail, caning for man caught with at least 100 sexually explicit videos of children Singapore MyRepublic's policy of not imposing download speed limits to stay after takeover: Starhub Singapore Staff member found with active TB after screening at 2 pre-schools; no children diagnosed so far: CDA Singapore Grab users in Singapore shocked by fares of over $1,000 due to display glitch Russia's Deputy Trade Commissioner Evgeny Griva on Wednesday said buying oil from Russia is "very profitable" for India, which will not want to change its supplier. On average Russia gives a 5%-7% discount to Indian buyers, he said, adding that Russia has a "very, very special mechanism" to continue oil supplies to India. In addition, he said Russia had started accepting Indian rupee payments for its goods after the resolution of issues that had trapped billions of dollars worth of funds in Indian banks. 'GREATER EURASIAN PARTNERSHIP' As tensions between Washington and New Delhi rise, high-profile visits from New Delhi and Beijing in recent weeks have raised hopes on the part of the Asian neighbours that ties damaged by a 2020 border clash can be repaired. Indian Prime Minister Narendra Modi plans to visit China for the first time in over seven years later this month. The planned visit was reported by Reuters last week, even as other high profile exchanges, including Chinese Foreign Minister Wang Yi's two-day visit to New Delhi, concluded. At the same time, Russia is trying to revive long-standing plans for a trilateral meeting with India and China to help them forge a "greater Eurasian partnership". "As far as the trilateral is concerned, we are quite hopeful that this format will be resumed sooner rather than later because its importance is not questioned," Babushkin said. "This is closely linked to the Russian initiative of the establishment of the greater Eurasian partnership," Babushkin said. Russian President Vladimir Putin will meet Modi in New Delhi by the end of year, he said. Putin, Modi and Chinese President Xi Jinping are also expected to all attend the Shanghai Cooperation Organisation starting August 31. REUTERS

Japan's exports log biggest drop in 4 years as US tariff impacts intensify
Japan's exports log biggest drop in 4 years as US tariff impacts intensify

Business Times

time3 hours ago

  • Business Times

Japan's exports log biggest drop in 4 years as US tariff impacts intensify

[TOKYO] Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday (Aug 20), as the impact of US tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total exports from the world's fourth-largest economy dropped 2.6 per cent year on year in July in value terms, the biggest monthly drop since February 2021, when exports fell 4.5 per cent. It was larger than a median market forecast for a 2.1 per cent decrease and marks a third straight month of decline after a 0.5 per cent drop in June. Despite the plunge in the value of exports, shipment volumes have so far held up as Japanese exporters have avoided major price hikes, said Takeshi Minami, chief economist at Norinchukin Research Institute. 'But they would eventually have to pass on costs to US consumers and that would further hamper sales in the coming months,' he said. Exports to the US in July fell 10.1 per cent from a year earlier, with automobiles slumping 28.4 per cent and automotive components down 17.4 per cent. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up However, automobile exports fell just 3.2 per cent in volume terms, suggesting Japanese automakers' price cuts and efforts to absorb additional tariffs have partly shielded shipments. The US imposed 25 per cent tariffs on automobiles and auto parts in April and threatened 25 per cent levies on most of Japan's other goods. It later struck a trade deal on Jul 23 that lowered tariffs to 15 per cent in exchange for a US-bound US$550 billion Japanese investment package. The agreed tariff rate on automobiles, Japan's largest export sector, is still far higher than the original 2.5 per cent, exerting pressure on major automakers and parts suppliers. Exports to other regions were also weak. Those to China were down 3.5 per cent, the data showed. Total imports in July dropped 7.5 per cent from a year earlier, compared with market forecasts for a 10.4 per cent fall. As a result, Japan ran a deficit of 117.5 billion yen (S$1 billion) in July, compared with a forecast of a 196.2 billion yen surplus. The outcome follows unexpectedly strong growth in gross domestic product (GDP) in the April-to-June quarter, separate data showed last week, fuelled by surprisingly resilient exports and capital expenditure. Economists said the strong exports growth in GDP data reflected differences in how the impact of price changes is factored in. Nevertheless, Norinchukin's Minami said that the Japanese economy has so far avoided the worst. 'As the tariff deal has at least reduced uncertainties, the Bank of Japan is likely to resume rate hikes as early as in October,' he said. REUTERS

S'pore firms eager to tap stablecoins and AI for overseas expansion
S'pore firms eager to tap stablecoins and AI for overseas expansion

Straits Times

time3 hours ago

  • Straits Times

S'pore firms eager to tap stablecoins and AI for overseas expansion

Sign up now: Get ST's newsletters delivered to your inbox Ms Sarita Singh, Stripe's managing director for Southeast Asia, India and Greater China, said stablecoins offer the speed and the reach to stay competitive in a global economy. SINGAPORE – Artificial intelligence and digital currency could help local firms keen on expanding abroad, but they face hurdles such as differing regulations in new markets , noted a study. It found that 85 per cent of businesses polled were confident about reaching customers in new markets within the next year while 62 per cent plan to adopt stablecoins for payments. Stablecoins are a type of cryptocurrency whose value is pegged to a currency, commodity or financial instrument to reduce price volatility. They are seen as a more stable medium of exchange – particularly for international trade – than volatile tokens like bitcoin. Yet around 25 per cent of those surveyed said they were not familiar with stablecoins, with only 19 per cent already using them. The poll also noted that 93 per cent of respondents are already using or intend to adopt agentic AI within the next 12 months, while 50 per cent or so expect at least 11 per cent of their sales to come from AI-driven channels by 2030. The study of 400 business owners and senior decision makers in Singapore was conducted in July by payments giant Stripe. Ms Sarita Singh, Stripe's managing director for Southeast Asia, India and Greater China, said that cross-border payments in Singapore surged over 30 per cent year on year in 2024. Top stories Swipe. Select. Stay informed. Singapore 18 persons nabbed and 82 vapes seized in HSA ops in Raffles Place and Haji Lane Singapore Woman trapped between train doors: Judge rules SBS Transit '100% responsible' Singapore COE premiums up in all categories except motorcycles; Cat A price climbs 2.5% to $104,524 Singapore Grab users in Singapore shocked by fares of over $1,000 due to display glitch Singapore Nearly 2 years' jail, caning for man caught with at least 100 sexually explicit videos of children Singapore MyRepublic's policy of not imposing download speed limits to stay after takeover: Starhub Singapore Staff member found with active TB after screening at 2 pre-schools; no children diagnosed so far: CDA Singapore Emergency broadcast system to alert S'pore public to disasters via their mobile phones: Edwin Tong 'We expect new technologies like stablecoins and AI to accelerate businesses' growth,' she added. Around 60 per cent of businesses here expect cross-border sales to grow over the next 12 months, but they face hurdles expanding to new markets, with differing regulations as well as shipping and logistics challenges the main concerns. Ms Singh, who was speaking at Stripe Tour 2025 on Aug 20, said stablecoins offer the speed and the reach to stay competitive in a global economy. She also pointed to Singapore's announcement of a stablecoin regulatory framework in 2023 that in turn sparked similar moves from Hong Kong, South Korea and other economies. Stripe unveiled new products and updates focused on stablecoins and AI at its annual event, held this year at Marina Bay Sands. The company, which provides financial services tools to businesses, introduced over 50 upgrades across payments, revenue and embedded finance tools. It also processes stablecoin payments from around 120 countries and recently announced stablecoin financial accounts for customers from more than 100 countries. Stripe introduced an AI foundation model earlier this year that can detect complex payment patterns and signals that were previously out of reach. This allowed the firm to lift its detection rate for attacks on large businesses by 64 per cent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store