

| The BRP Gregorio del Pilar arrives at Pier 13, South Harbor, Manila, on Tuesday. A Philippine Navy officer tours President Benigno Aquino 3rd and other officials during an inspection of the facilities of the Hamilton-class cutter. MALACAÑANG PHOTO |
PRESIDENT Benigno Aquino on Tuesday vowed a stronger military defense of the country’s West Philippine Sea claims as the Philippine Navy’s newest warship sailed into Manila Bay from the United States.
“This ship symbolizes our newly acquired ability to guard, protect, and, if necessary, fight for the interests of our country,” President Aquino said as the refurbished Hamilton-class cutter Gregorio del Pilar dropped anchor.
“This is just the beginning. Expect more good news because we will not stop at one ship,” the President added.
He revealed during a chance interview that among the modern military equipment to be acquired include surface attack craft, air defense radars, long-range patrol aircraft and close-air support aircraft for the Philippine Air Force; strategic sealift vessels, offshore patrol vessels and naval helicopters for the Philippine Navy; and assault rifles, helmets, bullet-proof vests and night-fighting equipment for the Philippine Army.
Mr. Aquino said that the former US Coast Guard cutter, which the Navy said was turned into a “patrol frigate,” would protect the Philippine archipelago’s exclusive economic zone and its oil and gas activities in the West Philippine Sea (South China Sea).
“This will upgrade our capability to guard our exclusive economic zone as well as the (oil and gas) service contract areas,” the President noted in a welcoming speech.
Many of those areas are claimed by China, which insists that it has sovereign rights to almost all of the South China Sea, even waters approaching the coasts of Southeast Asian countries.
Other parts of the sea, which are reputedly rich in mineral resources and straddle vital sea lanes, are also claimed in whole or in part by Brunei Darussalam, Malaysia, Taiwan and Vietnam.
The competing claims have for decades made the sea one of Asia’s most dangerous potential military flashpoints, and tensions flared this year after the Philippines and Vietnam accused China of becoming increasingly aggressive.
The Philippines said that the Chinese Navy had fired warning volleys at Filipino fishermen in the West Philippine Sea, harassed an oil exploration vessel and put up markers on Philippine islets.
As the row escalated, it appealed to long-time ally the United States for help in beefing up its poorly-equipped military, with Mr. Aquino saying that his country could not contain China on its own.
The Philippine Navy has a tiny, old and poorly equipped fleet, with its flagship vessel a World War II-era destroyer that it acquired from the United States decades ago.
The Gregorio del Pilar is a 115-meter (378-foot) vessel with a helicopter flight deck and a retractable hangar.
The Philippines acquired it early this year—before the tensions with China flared—under the 1951 Mutual Defense Treaty between Manila and Washington that gives Filipino access to American defense equipment no longer used by the world’s top superpower.
The United States has since promised to help upgrade the Philippine military further.
The Gregorio del Pilar will be deployed by the Naval Forces West to also carry out drug and migrant interdictions, law enforcement and search-and-rescue operations
Present during ceremonies welcoming the Gregorio del Pilar were US Ambassador to the Philippines Harry Thomas Jr., Executive Secretary Paquito Ochoa Jr., Defense Secretary Voltaire Gazmin, Energy Secretary Rene Almendras, Manila Mayor Alfredo Lim and Communications Operations Secretary Herminio Coloma Jr.
Manned by 13 officers and 82 enlisted personnel, the cutter entered the country last week after a month-long voyage from the United States.
It dropped anchor on Monday morning to undergo Customs, immigration and quarantine inspections.
Published : Saturday February 11, 2012 | Category : Top Business News | Views : 397
By : MAYVELIN U. CARABALLO REPORTER
PHILIPPINE merchandise export earnings in 2011 went down by 6.9 percent to $47.967 billion compared from the previous year’s $51.498 earnings, the National Statistics Office (NSO) said on Friday. Read more
Published : Saturday February 11, 2012 | Category : Top Business News | Views : 371
By : MAYVELIN U. CARABALLO
THE National Economic Development Authority (NEDA) said on Friday that the government’s 3-percent to 5-percent growth target for 2012 inflation is seen to settle. However, abrupt shocks such as weather-related disturbances as well as wage and oil price increases could affect the growth target. Read more
Published : Saturday February 11, 2012 | Category : Top Business News | Views : 333
By : KRISTA ANGELA M. MONTEALEGRE REPORTER
PHILIPPINE share prices on Friday posted modest gains after reports showed that Greece may reach a deal to obtain an emergency bailout necessary to avoid a disastrous default. Read more
Published : Saturday February 11, 2012 | Category : Top Business News | Views : 293
By : Lailany P. Gomez Reporter
COMMERCIAL, thrift and rural banks have availed of higher rediscounting loans in January as they refinance the loans they extended to their clients, the Bangko Sentral ng Pilipinas (BSP) said on Friday. Read more
Published : Saturday February 11, 2012 | Category : Top Business News | Views : 301
By : Euan Paulo C. Añonuevo
STATE-OWNED Philippine National Oil Co.-Exploration Corp. (PNOC-EC) has created three separate bids and awards committees (BAC) to enhance the company’s bidding process. Read more