ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Australia shipbuilder closes in on $600m Philippine defense deal

Manila resumes financial aid talks with countries that backed UN drug war probe

 Austal's proposed vessel for the Philippine Navy (Illustration courtesy of Austal)

MANILA -- Australian shipbuilder Austal's proposed $600 million sale of patrol vessels to the Philippine Navy has cleared a major hurdle after Manila agreed to resume loan negotiations with countries that backed a United Nations probe of President Rodrigo Duterte's drug war.

Executive Secretary Salvador Medialdea lifted the suspension of negotiations for loans and grants from 18 countries that endorsed a resolution in July calling for an investigation of Duterte's anti-narcotics crackdown, which has killed thousands of suspects and alarmed human rights activists. The suspension was lifted in a memo to government agencies on Feb. 27 and made public on Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more