US F-16s lose out as Thai air force seals US$600 million deal for Swedish Gripen jets
During five days of clashes with
Cambodia that left more than 40 people dead, Thailand used its fleet of F-16s to strike military targets across the border.
It was the deadliest border fighting between the two countries in decades.
The purchase of four Swedish-built Gripen jets is part of a long-term plan to modernise Thailand's air force. Photo: Reuters
'The cabinet has approved the purchase of JAS 39 Saab Gripen to strengthen the Royal Thai Air Force and protect Thailand's sovereignty,' the air force said in a
social media post.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
17 hours ago
- South China Morning Post
US F-16s lose out as Thai air force seals US$600 million deal for Swedish Gripen jets
The US$600 million agreement for the Saab JAS 39 Gripens was first announced in June as part of a long-term plan to modernise the air force's combat capabilities. During five days of clashes with Cambodia that left more than 40 people dead, Thailand used its fleet of F-16s to strike military targets across the border. It was the deadliest border fighting between the two countries in decades. The purchase of four Swedish-built Gripen jets is part of a long-term plan to modernise Thailand's air force. Photo: Reuters 'The cabinet has approved the purchase of JAS 39 Saab Gripen to strengthen the Royal Thai Air Force and protect Thailand's sovereignty,' the air force said in a social media post.
South China Morning Post
20 hours ago
- South China Morning Post
Malaysia's US tariff deal comes with US$240 billion price tag
Advertisement Some of Southeast Asia's biggest economies were hit last week with tariffs by the US administration after months of threats by US President Donald Trump and negotiations between Washington and its trade partners in the region. Apart from Malaysia, Indonesia, Thailand and the Philippines also face a 19 per cent tariff while Vietnam is charged a 20 per cent levy. These economies count the US among their top export destinations. The figure was initially welcomed in the region as a reprieve when compared with tariffs of up to 49 per cent imposed on other countries. However, fears are mounting that Southeast Asian economies would have to foot an exorbitant bill for years to come because of their separate tariff deals. Malaysia's Trade Minister Tengku Zafrul Aziz told parliament on Monday that the country's major companies would have to fork out up to US$150 billion over five years to buy US hi-tech products as part of a deal reached between both countries. Advertisement The deal includes an earlier US$19 billion commitment by national carrier Malaysia Airlines to buy as many as 60 Boeing commercial jets and a US$3.4 billion annual purchase of US liquid natural gas by energy giant Petronas.
South China Morning Post
a day ago
- South China Morning Post
Indonesia arrests founder of high-flying fish start-up over fraud scandal
Indonesian police have detained the co-founder and former chief executive officer of eFishery, who has previously admitted faking financial information at the once high-flying aquaculture start-up. Gibran Huzaifah was detained along with two other former executives, Angga Hadrian Raditya and Andri Yadi, according to a text message from the director of special economic crimes at the National Police's Criminal Investigation Agency, Helfi Assegaf. DealStreetAsia earlier reported the detentions. There was no immediate indication that the three former executives have been charged with any wrongdoing or named as suspects. All three have been held since July 31, according to the police. Gibran has admitted that he faked accounts at eFishery, which since the scandal has been administered by FTI Consulting. By the time it collapsed, the scheme had blown up into a multinational web of fake shell companies and padded accounts. EFishery, which deploys feeders to fish and shrimp farmers in Indonesia, was a darling of the nation's start-up scene with a valuation of US$1.4 billion. EFishery supplies smart feeders to fish and shrimp farmers in Indonesia. Photo: eFishery Police have been investigating the case since last year, when a complaint was brought against Gibran and another individual identified only by his initial, C, for misconduct at eFishery. The parties that filed the report to police were identified as victims.
