Philippines Plans $442M Buy of 40 Coast Guard Patrol Boats

The Philippines will acquire 40 fast patrol craft for its coast guard to boost its maritime security, the economic planning agency said on Tuesday.

The purchase, to be funded by official development assistance from the French government, was approved by the National Economic and Development Authority Board, chaired by President Ferdinand Marcos Jr.

(Reuters - Reporting by Mikhail Flores and Karen Lema; Editing by Martin Petty)