What really happened to the proceeds for the sale of Fort Bonifacio?

spooferspoofer Member PEx Rookie ⭐
Pinangako ni Ramos pang modernize daw sana ng AFP yung pera na kinita mula sa pag privatize ng fort bonifacio 7.2 billion pesos ang kinita dito pero bigla na lang nawala. Mababa pa rin equipment quality ng AFP although lately ay improving naman nakabili na ng mga fighter jet pero kung di lang nawala yung pinagbentahan ng fort bonifacio mas malakas pa ang AFP dami sana nabiling vessel at air craft na kailangang kailangan pa naman natin ngayon lalo na't may conflict against China.

Ano na ba talaga latest news dito? may nakakaalam ba dito ng info about this issue?

Comments

  • xctrekkerxctrekker Member PEx Rookie ⭐
    The proceeds were really intended for AFP modernization. Sa fighter jets nga, IIRC they even went as far as shortlisting five choices (F-16, Gripen, Mirage 2000 & Kfir na lang natatandaan ko). But overnight the purchasing power of that money was severely eroded when the 1997 Asian financial crisis happened. That and the fact that Ramos' term ended in '98 took the wind out of the sails of the modernization program (as designed back then). Nawalan nang bwelo.

    But today... baka yang pera na rin na yan ang pinambibili natin ngayon nung mga FA-50, Agusta & Sokol helos, Bushmaster rifles, etc.
  • TheEndofDaysTheEndofDays Member PEx Influencer ⭐⭐⭐
    Saan na ang pera sa BCDA ba or baka nasama na sa AFP Gen. Garcia issue nawaldas na :lol::lol::lol:

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