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Philippines interested in F-16s

April 12, 1999 (by Lieven Dewitte) - The Philippines announced on Tuesday they have set up an initial fund of six billion pesos ($156 million) to finance the start of their long-delayed military modernization program and were accepting offers from foreign suppliers.
The Philippines' 115, 000-strong military, one of the weakest in Asia, includes an air force with half a dozen Vietnam War-era fighter planes, a navy of 40-year-old ships and a radar facility that covers only one-tenth of the country.

The military has said it is interested in "slightly used'' fighter jets such as the U.S. -made F-16s and F-18s and the Russian-made MIG-29s. Congress has authorized 50 billion pesos ($1.3 billion) to modernize the military over five years but the economic crisis has forced the country to start humbly.