UPDATE 1-Cerberus to buy Philippine shipyard at ex U.S. navy base for $300 mln - sources

Reuters va Yahoo ^ | March 8th, 2022 | Neil Jerome Morales

[Mariner]

This is the most strategically important port in the South China Sea.

And throwing the Chinese out is a major win.

Once Dutarte is out later this year, I expect the USN will be invited back to purchase Subic Bay.

Then, on to the most strategically important airfield in the entire pacific...Clark. From Clark fighters can control the entire South China Sea.

[brownsfan]

“Once Dutarte is out later this year, I expect the USN will be invited back to purchase Subic Bay.”

Olongapo city, some very good times there, that I don’t talk about now. :)

[red-dawg]

I thought I saw you at Jolo’s.

[brownsfan]

“I thought I saw you at Jolo’s.”

With a San Miguel and an lbfm.

[reintarnation]

It's not quite up-to-date info, but per Wiki:

---
Beginning in June 2012, the Philippine government said that the United States military could use the old base with prior approval by the Philippine government. This follows expanded military ties between the two nations and an American pivot towards Asia.

This follows a Visiting Forces Agreement made in 1999, that saw annual visits of United States forces to conduct large scale exercises (known as Balikatan) between the two allies.

The Sydney Morning Herald reported on 20 November 2012 that Subic Bay will host US ships, Marines and aircraft on a semi-permanent basis which according to analysts will give the US a strategically important force posture for its shift in emphasis to the Pacific.

The US Navy began using the base in Subic Bay in 2015 to deliver materiel and personnel for annual joint military exercises. Some 6,000 US personnel came to Subic in April, and returned for exercises in 2016 in agreement with Philippine authorities. US ships have used Subic Bay as a resupply port during routine calls.
---
The last info I had was that the US Navy is utilizing Subic Bay quite extensively.

[PGR88]

Just a fun fact - Dan Quayle is the Chairman of Global Investments at Cerberus.

[ferret_airlift]

The important question, though: Did the Big Guy get his cut?

[HighSierra5]

Will the big guy get his 10%?

[1Old Pro]

Just a fun fact - Dan Quayle is the Chairman of Global Investments at Cerberus.

CIA front company. So Dan is part of the Deep state. Not that I may not be opposed to this purchase.

[Sequoyah101]

I read a short book by the last base commander of Clark. What a hoot! The base had a “special” relationship with the neighboring community.

I assume Subic was the same.

[algore]

No, no I didn’t.

Thanks for the tip.

[packagingguy]

Wasn’t the the company that bankrupted Remington? It takes a lot of incompetence to ruin a company with Remington’s long history.

[Bull Snipe]

did you feed the crocodile?

[buwaya]

The guy leading the polls (its a lock at this point) for the May elections is Bongbong Marcos, and he was a political ally of Duterte. The jury is out on what relationship he will have with China.

[brownsfan]

“did you feed the crocodile?”

Not sure what you mean. Throw coins into s*** river?

[Bull Snipe]

If I remember correctly (its been a long time now) there was a small pool in front of Mama Jolos. It had about a 3-foot long crocodile in it. For a couple of P you could throw a chicken in the pool and watch the croc devour it. In those days we sailors were easily amused. Also remember tossing heated slugs to the kids on the boats in S*** river.

[brownsfan]

I missed out on the crocs. If they were there, I didn’t see them. I was there in the late 77-78. One Westpac, and one Med cruise. 4 and out.

[SgtHooper]

“...with fears it could be taken over by state-run firms from China,...”

Well DUH! It will benefit the PRC even for the seller’s enormous asking price. SloBiden could care less. He’s still wandering around the White House.

[Bull Snipe]

several West Pacs between 69 and 79. Saw the croc in the early deployments.

[Broker]

10 Peso coins on d’bottle. Mag Beer San Mig. on ice.