Nickel Asia Corp. Reports 312% Profit Surge To PHP6.27 Billion On Strong Nickel Ore Prices

Rising nickel prices helped boost the financial results of Nickel Asia, reflecting stronger demand in global metals markets.

Philippine Government Opens Competitive Auction For Semirara And Other Coal Mining Areas

With Semirara’s contract expiring in 2027, the Philippines is preparing a transparent bidding process to determine the next operator of the country’s largest coal site.

Regent Hong Kong Secures Place In 2025 T+L China Travel Awards Top 100 Hotels

The award reinforces Regent Hong Kong’s reputation for refined hospitality and elevated guest experiences.

ThirdHome Strengthens Global Ambitions With Strategic Hires In Singapore And Product Leadership

ThirdHome strengthens its global footprint by targeting luxury second-home owners across Southeast Asian markets.
SEND TO: pressreleases@pageonemedia.com

PCG Awards Purchase Deal For 40 Patrol Boats To French Firm

A contract has been awarded to French firm OCEA for the provision of 40 patrol boats to the Philippine Coast Guard, strengthening coastal operations.

PCG Awards Purchase Deal For 40 Patrol Boats To French Firm

3582
3582

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Philippine Coast Guard (PCG) has granted the Notice of Award to French firm OCEA for the purchase of 40 units of 35-meter patrol boats.

In November 2024, President Ferdinand R. Marcos Jr. approved the purchase of fast patrol crafts (FPCs) as part of the Bagong Pilipinas initiative to strengthen maritime security by upgrading PCG’s capabilities.

During the meeting between Transportation Secretary Vince Dizon and PCG Commandant Admiral Ronnie Gavan with Minister Delegate for Foreign Trade and French Nationals Abroad Laurent Saint-Martin last Friday, the visiting French minister invited the Philippine officials to visit OCEA shipyard for the ceremonial first cutting of sheet metal, marking the start of construction for PCG’s ordered vessels.

Earlier, Gavan said this is the largest single-purchase in PCG modernization to date, worth PHP25.8 billion, that will be backed by official development assistance (ODA) from the French government.

In his visit here, Saint-Martin reassured the French government’s financing for the naval and air fleet modernization of the PCG.

Negotiations are also rolling for the three new sister ships to the BRP Gabriela Silang, which was also built and delivered by OCEA in 2020.

On top of this deal, PCG and OCEA signed on April 11 two maintenance contracts, with the latter servicing the former’s vessels. (PNA)