Philippines Defence and Security Report 2015 - Business Monitor International - Industry Reports

Philippines Defence and Security Report 2015

Philippines Defence and Security Report 2015 - Business Monitor International - Industry Reports
Philippines Defence and Security Report 2015
Published Aug 29, 2015
64 pages — Published Aug 29, 2015
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

BMI View: Rising tensions with China have seen the Philippines significantly increase defence spending with the aim of revamping their military assets. Relations with China have further deteriorated following territorial disputes in early ----. ...The lack of a clear strategic defence spending policy, however, and the under-developed domestic defence manufacturing sector, will open up opportunities for international companies but limit them within the country. The Philippines position close to China and the South China Sea, and the recent dispute over conflicting territorial claims in the Sea that has seen the Philippines take China to the UN Arbitral Tribunal, makes the country particularly interesting for a large number of powers in the region and internationally. As such, in the past decade the Philippines has been developing a number of defence cooperation agreements, with different countries, that not only aim at facilitating technology transfer but also provide assistance (whether financial or material) to the Philippines in modernising its military force. ...Similarly, although the government has made attempts at kick-starting the development of its defence sector, through the Defence Acquisition Systems, we also believe that this is not sufficient for the push it needs to improve significantly. The Philippines will therefore continue to rely on imports for the short and medium term at least.

...The continued presence and violence of the Abu Sayyaf Group has prompted the government to prioritise counter terrorism equipment. In addition, the Philippines is seeking to modernise the equipment and platforms of its navy and air force in order to increase its presence in the South China Sea and be able to adequately protect its interests there against China. ...The continued presence and violence of the Abu Sayyaf Group has prompted the government to prioritise counter terrorism equipment. In addition, the Philippines is seeking to modernise the equipment and platforms of its navy and air force in order to increase its presence in the South China Sea and be able to adequately protect its interests there against China. However budget restrictions and competing priorities have resulted in a lack of clear strategic spending policies. ...We forecast the Philippines defence spending to continue decreasing as a share of the GDP in the next five years, going from -.- in ---- to -.- in ---- and dropping to - by ----. The Philippines will maintain, in ----, a defence trade balance that shows higher levels of imports compared to exports: as the domestic defence market struggles to develop, the deficit will be maintain in the next five years.

...President Benigno Aquino III of the Liberal Party has promised to root out the excesses of the preceding administration, which could help to recover resources lost to corruption in past years. Tentative plans to adopt a parliamentary-style constitution, a process referred to locally as charter change, or cha cha , could reduce the concentration of executive power. ...

  
Source:
Document ID
1749-1568
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Philippines Defence and Security Report 2015" Aug 29, 2015. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Defence-and-Security-Report-2015-2026-30>
  
APA:
Business Monitor International - Industry Reports. (2015). Philippines Defence and Security Report 2015 Aug 29, 2015. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Defence-and-Security-Report-2015-2026-30>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.