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Philippines Eyes U.S. Long-Term Loan to Fund $5.58 Billion F-16 Fighter Jet Deal

The Philippines is actively pursuing a long-term financing agreement with the United States to fund a landmark acquisition of 20 brand-new F-16 fighter aircraft and related advanced weapon systems, an arms package valued at approximately US$5.58 billion (RM26.4 billion), as Manila sharpens its focus on military modernisation amid intensifying strategic competition in the Indo-Pacific.