The U.S. and the Philippines are negotiating to expand the presence of American warships and service members at Filipino bases, deepening an already close alliance and providing the fleet door-step access to the contested South China Sea.
The talks center on an “access agreement” that would allow the Navy to dispatch ships more often to Subic Bay; to store spare parts, supplies and hardware there that would be useful in a crisis; and to temporarily base sailors and Marines there.
The EPHE from a technical and fundamental point of view has a lot of room to run. Unlike the surrounding countries the Philippines has a stable domestic situation, a solid trade balance and they have extensive business with Japan and the USA. They are in the process of recovering from a devastating hurricane which accounts for the low price and provides a great entry point. The more you read about the country the more you will want to get in now.