logo
Philippine soldiers to train on US Typhon missile system

Philippine soldiers to train on US Typhon missile system

Reuters28-01-2025
MANILA, Jan 28 (Reuters) - Philippine soldiers will train on the U.S. military's intermediate range missile system during unilateral army drills next month as part of preparations for bigger exercises with U.S. counterparts, a military official said on Tuesday.
The Typhon missile system was deployed by U.S. forces to the Philippines in April last year as part of their Balikatan or "shoulder-to-shoulder" military exercises, and has since stayed in the country, angering China which has repeatedly called for its withdrawal.
Reuters reported last week the launchers were redeployed to a new location in the Philippines, which officials decline to disclose.
Tomahawk cruise missiles used in the launchers are capable of hitting targets in both China and Russia from the Philippines. The SM-6 missiles it also carries can strike air or sea targets more than 200 km (165 miles) away.
A platoon of about 20 soldiers from the army artillery regiment will train with the U.S. Army Pacific's First Multi-Domain Task Force in mid-February, Philippine army spokesperson Louie Dema-ala said.
The exercise will focus on the "payload delivery system" and will highlight the system's capabilities, Dema-ala said, adding it would not include live-fire exercises.
"As long as the MRC (mid-range capability) is here, we maximise its utilisation to train our personnel with these new technologies," Dema-ala told a media briefing.
The Philippines last year expressed interest to acquire the launchers as part of its modernisation programme.
Philippine military spokesperson Francel Margareth Padilla on Tuesday said preparations were underway for this year's annual Balikatan exercises, which are billed to be one of the biggest.
Security engagements between the Philippines and treaty ally, the United States, have intensified in recent years, as both countries aim to counter what they see as an increasingly assertive China.
Strong ties between the two are expected to continue under U.S. President Donald Trump, whose Secretary of State Marco Rubio last week reaffirmed Washington's "ironclad" commitment to the Philippines under their decades-old mutual defence treaty.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Breakingviews - China's OPEC-for-solar push risks overreaching
Breakingviews - China's OPEC-for-solar push risks overreaching

Reuters

timean hour ago

  • Reuters

Breakingviews - China's OPEC-for-solar push risks overreaching

HONG KONG, Aug 14 (Reuters Breakingviews) - Forging a legitimate oligopoly in a market can be hugely profitable. Leading solar firms in China may now have a chance to do exactly that. Companies including GCL Technology ( opens new tab are in talks to set up a 50 billion yuan ($7 billion) fund to buy and then shut down more than one million tons of production capacity for key raw material polysilicon, Reuters reported. The proposal comes with the sector being one of several under pressure to respond to President Xi Jinping's push, opens new tab to end both price wars and overcapacity. The country had 3.23 million tons of polysilicon capacity at the end of last year, or about twice this year's projected demand, according to the China Photovoltaic Industry Association. The industry body has also flagged that more than 40 solar firms have delisted or gone under since 2024. The supply glut has hit big players too, with Tongwei ( opens new tab and others shedding some 87,000 staff, or a third of their workforce, per Reuters. China's solar industry has been through similar pain before. In 2012 a supply glut and anti-dumping duties imposed by Washington led to a raft of bankruptcies. If the restructuring fund currently under consideration becomes a well-crafted market-oriented approach to knock out industrial overcapacity, it could help soothe trade tensions with the U.S. and Europe. It also could serve as a model for other industries equally plagued by a supply glut, such as autos. There are some big hurdles to jump. Local governments may balk at the idea of winding down their investment in a sector that was deemed strategically important a few years ago. And the fund would need to collaborate with banks or state-backed firms, which may not be keen to work with an industry whose players have suffered massive losses in recent years. But the main problem is that the large players behind the fund would have a major say in which rivals either stay at the table or end up getting eaten. They also want part of its function to mirror that of oil cartel OPEC in setting and allocating production quotas. Granted, that would help reduce oversupply, conforming with Beijing's near-term objective of ending what it calls a destructive "rat race" between companies. But in the long run it would also stifle rather than strengthen competition.

Rupee to cling to recovery before long weekend featuring Trump-Putin meet
Rupee to cling to recovery before long weekend featuring Trump-Putin meet

Reuters

timean hour ago

  • Reuters

Rupee to cling to recovery before long weekend featuring Trump-Putin meet

MUMBAI, Aug 14 (Reuters) - The Indian rupee is expected to open largely unchanged on Thursday, holding on to the last session's unexpected recovery, with traders awaiting the outcome of a key meeting between U.S. President Donald Trump and Russian President Vladimir Putin. The 1-month non-deliverable forward indicated the rupee will open in the 87.44-87.46 range versus the U.S. dollar, flat from Wednesday's level of 87.44. The local currency had its best day in more than a month on Wednesday, thanks to a softer dollar and position adjustments. "The recovery yesterday was against the trend and caught a few by surprise," a senior banker at a private bank said. "Today should be quiet with a mild upside bias (on dollar/rupee)," he added. "Most interbank desks are in wait-and-watch mode with positions light heading into a potentially risk-filled weekend." Indian financial markets are shut on Friday, when Trump and Putin are scheduled to meet in Alaska to negotiate an end to the war in Ukraine. For India, the meeting holds added significance after Trump criticised its purchase of Russian oil and imposed an extra 25% tariff on its goods effective August 27, doubling the rate to 50% - the highest U.S. tariff on a country alongside Brazil. "At a 50% tariff rate, several Indian industries would face significant headwinds, particularly those for which the U.S. is their largest export market," said Lim Ze Hao, an analyst at CreditSights. On Wednesday, Trump threatened "severe consequences" if Putin did not agree to peace in Ukraine, while adding that a second meeting, possibly involving the Ukrainian president, could follow swiftly. A conciliatory outcome could help calm jitters and support the rupee, while a combative outcome may renew pressure on the currency by triggering equity flows and heightening concerns over U.S. trade policy towards India. KEY INDICATORS: ** One-month non-deliverable rupee forward at 87.58; onshore one-month forward premium at 11 paise ** Dollar index at 97.72 ** Brent crude futures up 0.5% at $65.9 per barrel ** Ten-year U.S. note yield at 4.23% ** As per NSDL data, foreign investors sold a net $302.1 million worth of Indian shares on August 12 ** NSDL data shows foreign investors sold a net $76.5 million worth of Indian bonds on August 12

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