Latest news with #NORINCO
GMA Network
3 days ago
- Business
- GMA Network
Asia boosts weapons buys, military research as security outlook darkens
HONG KONG — Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defense industries, a new study has found. The annual Asia-Pacific Regional Security Assessment released on Wednesday by the London-based International Institute for Strategic Studies (IISS) said outside industrial help remains vital even as regional nations ultimately aim for self-reliance. "Recent conflicts in Ukraine and the Middle East, coupled with worsening US-China strategic competition and deterioration of the Asia-Pacific security landscape, may lead to a rising tide of defense-industrial partnerships," it read. "Competitive security dynamics over simmering into the need to develop military capabilities to address them." Spending on defense procurement and research and development rose $2.7 billion between 2022 and 2024, it showed, to reach $10.5 billion among Southeast Asia's key nations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The spike comes even as the nations spent an average of 1.5% of GDP on defense in 2024, a figure that has kept relatively constant over the last decade. The study, released ahead of this weekend's annual Shangri-La Dialogue defense meeting in Singapore, said Asia-Pacific nations still rely on imports for most key weapons and equipment. Such items range from submarines and combat aircraft to drones, missiles and advanced electronics for surveillance and intelligence gathering. The informal Singapore gathering of global defense and military officials is expected to be dominated by uncertainties stemming from the protracted Ukraine conflict, Trump administration security policies and regional tension over Taiwan and the disputed busy waterway of the South China Sea. Saudi Arabia and the United Arab Emirates are increasingly active and making inroads, the study said, though European companies have a prominent and expanding regional presence, via technology transfer, joint ventures and licensed assembly deals. The UAE now operates a diversified network of collaborators, such as China's NORINCO weapons giant and rival India's Hindustan Aeronautics. Joint development operations are not always easy, the study said, offering lessons from India's two-decade collaboration with Russia to produce the BrahMos supersonic anti-ship missile. While the feared weapon is fielded by India, exports have been hampered by lack of a clear strategy, with deliveries to its first third-party customer, the Philippines, starting only in 2024, the study added. Closer Russia-China ties could further complicate the weapon's development, particularly if Moscow chooses to prioritize ties with Beijing to develop a hypersonic version of the missile. — Reuters
Business Recorder
4 days ago
- Business
- Business Recorder
Asia boosts weapons buys, military research as security outlook darkens
HONG KONG: Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defence industries, a new study has found. The annual Asia-Pacific Regional Security Assessment released on Wednesday by the London-based International Institute for Strategic Studies (IISS) said outside industrial help remains vital even as regional nations ultimately aim for self-reliance. 'Recent conflicts in Ukraine and the Middle East, coupled with worsening U.S.-China strategic competition and deterioration of the Asia-Pacific security landscape, may lead to a rising tide of defence-industrial partnerships,' it read. 'Competitive security dynamics over simmering flashpoints … feed into the need to develop military capabilities to address them.' Spending on defence procurement and research and development rose $2.7 billion between 2022 and 2024, it showed, to reach $10.5 billion among Southeast Asia's key nations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The spike comes even as the nations spent an average of 1.5% of GDP on defence in 2024, a figure that has kept relatively constant over the last decade. The study, released ahead of this weekend's annual Shangri-La Dialogue defence meeting in Singapore, said Asia-Pacific nations still rely on imports for most key weapons and equipment. Pakistan, India drone battles mark new arms race in Asia Such items range from submarines and combat aircraft to drones, missiles and advanced electronics for surveillance and intelligence gathering. The informal Singapore gathering of global defence and military officials is expected to be dominated by uncertainties stemming from the protracted Ukraine conflict, Trump administration security policies and regional tension over Taiwan and the disputed busy waterway of the South China Sea. Saudi Arabia and the United Arab Emirates are increasingly active and making inroads, the study said, though European companies have a prominent and expanding regional presence, via technology transfer, joint ventures and licenced assembly deals. The UAE now operates a diversified network of collaborators, such as China's NORINCO weapons giant and rival India's Hindustan Aeronautics. Joint development operations are not always easy, the study said, offering lessons from India's two-decade collaboration with Russia to produce the BrahMos supersonic anti-ship missile. While the feared weapon is fielded by India, exports have been hampered by lack of a clear strategy, with deliveries to its first third-party customer, the Philippines, starting only in 2024, the study added. Closer Russia-China ties could further complicate the weapon's development, particularly if Moscow chooses to prioritise ties with Beijing to develop a hypersonic version of the missile.
The Star
4 days ago
- Business
- The Star
Asia boosts weapons buys, military research as security outlook darkens
An employee of Hindustan Aeronautics Ltd. walks inside a workshop of Jaguar fighter planes in Bangalore January 29, 2007. The UAE now operates a diversified network of collaborators, such as China's NORINCO weapons giant and rival India's Hindustan Aeronautics. - Reuters HONG KONG: Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defence industries, a new study has found. The annual Asia-Pacific Regional Security Assessment released on Wednesday (May 28) by the London-based International Institute for Strategic Studies (IISS) said outside industrial help remains vital even as regional nations ultimately aim for self-reliance. "Recent conflicts in Ukraine and the Middle East, coupled with worsening US-China strategic competition and deterioration of the Asia-Pacific security landscape, may lead to a rising tide of defence-industrial partnerships," it read. "Competitive security dynamics over simmering flashpoints... feed into the need to develop military capabilities to address them." Spending on defence procurement and research and development rose US$2.7 billion between 2022 and 2024, it showed, to reach US$10.5 billion among South-East Asia's key nations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The spike comes even as the nations spent an average of 1.5 per cent of GDP on defence in 2024, a figure that has kept relatively constant over the last decade. The study, released ahead of this weekend's annual Shangri-La Dialogue defence meeting in Singapore, said Asia-Pacific nations still rely on imports for most key weapons and equipment. Such items range from submarines and combat aircraft to drones, missiles and advanced electronics for surveillance and intelligence gathering. The informal Singapore gathering of global defence and military officials is expected to be dominated by uncertainties stemming from the protracted Ukraine conflict, Trump administration security policies and regional tension over Taiwan and the disputed busy waterway of the South China Sea. Saudi Arabia and the United Arab Emirates are increasingly active and making inroads, the study said, though European companies have a prominent and expanding regional presence, via technology transfer, joint ventures and licenced assembly deals. The UAE now operates a diversified network of collaborators, such as China's NORINCO weapons giant and rival India's Hindustan Aeronautics. Joint development operations are not always easy, the study said, offering lessons from India's two-decade collaboration with Russia to produce the BrahMos supersonic anti-ship missile. While the feared weapon is fielded by India, exports have been hampered by lack of a clear strategy, with deliveries to its first third-party customer, the Philippines, starting only in 2024, the study added. Closer Russia-China ties could further complicate the weapon's development, particularly if Moscow chooses to prioritise ties with Beijing to develop a hypersonic version of the missile. - Reuters
India.com
6 days ago
- Politics
- India.com
Influenced by Pakistan, anti-India Yunus is planning a dangerous move against India, it's planning to buy..., it's dangerous because...
Bangladesh's interim government chief Professor Muhammad Yunus In a significant development after India-Pakistan tensions, reports have it that there are grow concerns that India should monitor the ongoing development in ties between Bangladesh and China. A recent report carried by Navbharat Times indicated that a seven-member Bangladeshi Army delegation under Major General Moazzem Hossain will visit China from May 25. The delegation is expected to observe live firing of 155mm SH-15 self-propelled howitzers made by China's state-owned NORINCO. Here are all the details you should know about the recent development and also why India should be worried. The report has said that the Bangladesh Army is planning to purchase truck-mounted self-propelled howitzers from the state-owned China North Industries Group Corporation Limited (NORINCO). For a background, NORINCO is a major Chinese defence company, which is known for supplying weapons and equipment to the People's Liberation Army of China. About SH-15 artillery system The SH-15 artillery system was inducted by the People's Liberation Army (PLA) between 2018 and 2020. Although a new weapon of the Chinese defense company, it has been exported to several countries, including Pakistan. The gun is capable of firing a variety of shells, including conventional and rocket-assisted rounds. Readers should note that Pakistan had used the same artillery gun on the LoC against India during the recent tensions with India. Update on China-Bangladesh relations After Bangladesh Former Prime Minister Sheikh Hasina was forced to leave the country, a post-Hasina Bangladesh seemed like a fresh opportunity for China to steer a more pro-China Bangladesh, especially in policies where the previous government showed preference for India, especially the Teesta project. As per a report by IANS, China maintained a cautious and calculative approach with Dhaka with this intention. As a display of its 'non-interference' approach, Beijing sought engagements with not only the interim government, but also political parties across all factions (except the now ostracized Awami League) via 'heavy endorsement'. Elections in Bangladesh Readers should note that the Bangladesh elections are slated to be held within December-June, although with no clear roadmap, the Chinese Communist Party has already embarked a party-to-party engagement by inviting delegates of several political parties to visit China. (With inputs from agencies)
Gulf Today
20-02-2025
- Business
- Gulf Today
Hamdan reaffirms leadership's vision to develop strategic sectors during visit to IDEX
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and Deputy Prime Minister and Minister of Defence of the UAE, on Wednesday visited the 17th edition of the International Defence Exhibition (IDEX 2025). The ongoing edition is the largest ever in the event's history, featuring extensive participation from global defence companies, senior military officials, and key decision-makers in the sector. During the visit, Sheikh Hamdan highlighted the significant strides made by the UAE's defence industries, underscoring how it aligns with the leadership's vision to develop strategic sectors. Sheikh Hamdan stressed that enhancing defence preparedness is crucial to ensure that development efforts continue unhindered, ultimately reinforcing the UAE's commitment to promoting peace. Furthermore, he emphasised the importance of possessing deterrent power as a key prerequisite for maintaining global security and stability. Sheikh Hamdan was accompanied by Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Ports and Borders Security Council; Mohamed Bin Mubarak Fadhel Al Mazrouei, Minister of State For Defence Affairs; and Major General Mubarak Saeed Bin Gafan Al Jabri, Deputy Chairman of the Higher Organising Committee for IDEX and NAVDEX 2025. During the tour, Sheikh Hamdan visited several pavilions, interacting with both local and international exhibitors. Sheikh Hamdan stopped by the pavilion of the Edge Group and its subsidiary CARACAL, a regional leader in high-performance small arms, where he was apprised about their products and services. The Dubai Crown Prince also visited the pavilions of Beretta, learning about their latest tactical gear and precision scopes, and the Kalashnikov Group, which showcased drones, machine guns, rifles, and ammunition. Towards the end of his visit, Sheikh Hamdan toured the pavilion of NORINCO, a prominent Chinese company in the defence sector. As part of China's prominent presence at IDEX this year, 59 companies are showcasing cutting-edge defence and technology systems. Sheikh Hamdan was briefed on some of NORINCO's latest missile defence systems, which are supported by satellites. As a leading global defence event, IDEX continues to play a crucial role in enhancing international defence partnerships and driving innovation in security and defence technologies. The success of the event is a testament to its role as a premier platform for exchanging expertise and knowledge, in addition to showcasing the latest military solutions. Given its growing prominence, IDEX remains one of the most significant global defence events, acting as a catalyst for forming strategic partnerships and signing international defence agreements. It also serves as a global gathering that showcases the latest military solutions and technologies, playing a key role in fostering global security and stability.
