Latest news with #USHouseCommitteeonAppropriations
GMA Network
23-07-2025
- Business
- GMA Network
Defense chief Teodoro: Eyed ammunition production to increase PH trade flows
Defense Secretary Gilberto Teodoro Jr. said Tuesday that the planned production of ammunition in the Philippines would elevate the country's trade flows. Earlier, it was reported that US lawmakers were exploring the possibility of establishing a joint ammunition manufacturing facility in Subic Bay. At a Kapihan with the Media in Washington D.C., Teodoro said the matter would be a ''foreign direct investment concept." He said this would bring jobs to the country, especially for highly technical individuals. ''We can envision a private entity going about it on a commercial basis, so that they can hire people on a commercial basis. Depending on the scale, initially about 200 to 300 people, highly technical people,'' Teodoro said. ''But then, there are downstream industries. Of course, they will have to build access to port facilities. It will regenerate revenue on a commercial basis for Subic,'' he added. He stressed that this would ''increase our trade flows.'' ''So, that is an example of US government-sponsored foreign direct investment to help our people and our self-reliance, too,'' Teodoro said. Further, the Philippine defense chief also stressed that this would cater to commonality of production of munitions, ''which is at a worldwide shortage at this time, of all calibers, whether direct fire or indirect fire.'' Still, the Philippines will review the proposal, Teodoro guaranteed. In its report dated June 16, the US House Committee on Appropriations directed the US Department of Defense to assess the feasibility of establishing a joint ammunition manufacturing and storage facility in the said area. The facility will enable the forward staging of ammunition stockpiles and related materials such as nitrocellulose, nitroglycerin, and acid. — RSJ, GMA Integrated News
Filipino Times
22-07-2025
- Business
- Filipino Times
PH eyes local ammunition production as part of stronger defense strategy with US
The Philippines is considering the establishment of an ammunition production facility in partnership with the United States. Philippine Ambassador to the US Jose Manuel 'Babe' Romualdez said the government is open to hosting such a facility, describing it as a strategic move that aligns both with national security goals and economic development. 'Obviously, we're open to that one, because it's a good way of being able to help a combination of both defense and economic cooperation between the Philippines and the United States,' Romualdez told members of the Philippine media delegation. 'So, setting up a production facility in the Philippines, would obviously be beneficial for us economically also because it will create a job, and it will obviously be a good hub for them to be able to produce what it requires for our defense,' he added. He added that several Filipino companies are already showing interest in joining a potential consortium should the plan move forward. The idea gained traction after the US House Committee on Appropriations, in a June 16 report, tasked the US Department of Defense to assess the viability of setting up a joint ammunition manufacturing and storage facility in Subic Bay. The facility would allow for forward deployment of munitions and critical materials like nitrocellulose and nitroglycerin.
GMA Network
21-07-2025
- Business
- GMA Network
Envoy says PH open to having ammunition manufacturing site in Subic
The Philippines is open to the production of ammunition in the country as it will enhance the defense ties between Manila and Washington, according to an envoy. Speaking to the Philippine media delegation, Philippine Ambassador to the United States Jose Manuel ''Babe'' Romualdez has said an ammunition production facility would also generate employment in the country. ''Obviously, we're open to that one, because it's a good way of being able to help a combination of both defense and economic cooperation between the Philippines and the United States,'' Romualdez said. ''So, setting up a production facility in the Philippines, would obviously be beneficial for us economically also because it will create a job, and it will obviously be a good hub for them to be able to produce what it requires for our defense,'' he added. Romualdez said a number of companies in the Philippines are interested in joining the potential consortium for the said ammunition production facility. Earlier, it was reported that US lawmakers were exploring the possibility of establishing a joint ammunition manufacturing facility in Subic Bay. In its report dated June 16, the US House Committee on Appropriations directed the US Department of Defense to assess the feasibility of establishing a joint ammunition manufacturing and storage facility in the said area. The facility will enable the forward staging of ammunition stockpiles and related materials such as nitrocellulose, nitroglycerin, and acid. —VAL, GMA Integrated News
GMA Network
27-06-2025
- Business
- GMA Network
US House panel orders study of possible ammunition manufacturing in Subic
"The Committee is concerned with the lack of a forward-staged ammunition manufacturing facility in the Indo-Pacific," the US House committee said in its report. US lawmakers are exploring the possibility of establishing a joint ammunition manufacturing facility in Subic Bay, amid concerns about the lack of a forward-staged similar installation in the Indo-Pacific. In its report dated June 16, the US House Committee on Appropriations directed the US Department of Defense to assess the feasibility of establishing a joint ammunition manufacturing and storage facility in Subic Bay. "The Committee is concerned with the lack of a forward-staged ammunition manufacturing facility in the Indo-Pacific," the US House committee said in its report. "Therefore, the Committee directs the Department of Defense to assess, in coordination with the Department of State and the International Development Finance Corporation, the feasibility of establishing a joint ammunition manufacturing and storage facility at United States Naval Base Subic Bay," it added. "The facility would enable the forward staging of ammunition stockpiles and related materials such as nitrocellulose, nitroglycerin, and acid. The Committee directs the Secretary of Defense to provide an update on the progress of this feasibility study within 60 days of the enactment of this Act," it added. The US maintained a naval base in Subic Bay until 1991, after the Senate voted against a new bases treaty between the two countries. It is now under the jurisdiction of the Subic Bay Metropolitan Authority, the operating and implementing arm of the Philippine government for the development of the Subic Bay Freeport. –NB, GMA Integrated News
Hindustan Times
11-06-2025
- Business
- Hindustan Times
Amid LA riots, Trump's HUD chief stuns Democrats with major anti-migrant moves
The US House Committee on Appropriations held budget hearings on June 10, as part of the Fiscal Year 2026 appropriations process. During the Department of Housing and Urban Development's hearing, priorities like affordable housing, homelessness programs, H.U.D.'s response to housing market challenges were addressed. Scott Turner, US Secretary for Housing and Urban Development answered questions posed by members of the committee. Watch the full hearing here.
