124 0 0 4 min to read

PhilSA receives considerable profits from the satellite project.

The Multispectral Unit for Land Assessment (MULA), a satellite development project for the Philippines with a target launch date of 2025, will cost PHP2.578 billion, according to the Philippine Space Agency (PhilSA).

The government is anticipated to profit from MULA to the tune of PHP5.782 billion, according to PhilSA Director General Joel Joseph Marciano Jr., who also spoke before the Senate.

Marciano stated, “We talk to space agencies in other countries and even the commercial outfits to launch the satellite. Ine-negotiate po natin (We will negotiate) with other countries with rockets and commercial services for launching satellites. Kinakausap po natin ‘yung mga space agency sa ibang bansa or even ‘yung commercial outfits para isakay ‘yung satellite.

PhilSA allocated PHP828 million for 2023 to continue working on the MULA project.

The satellite, which can circle the planet 15 times a day, is anticipated to help the Philippines forge partnerships with other nations and open up data-related business prospects.

Marciano stated that if PhilSA is granted permission to rebuild another operational application-specific satellite like MULA, they will tweak it to create a superior model.

“We will collaborate with local businesses to offer inputs for future satellite versions. That will be our pathway to create our space industry in the country,” he continued. “Gusto natin i-raise ang (We want to enhance the) local content.”

PhilSA is requesting PHP756.325 million to support its operations through 2023.

Additionally, it is negotiating with the Bases Conversion and Development Authority and the Philippine Amusement and Gaming Corporation to receive funding for the construction of satellite testing facilities.

All national concerns and initiatives about space science and technology applications are handled by PhilSA, which falls under the Office of the President.

By the Philippine Space Act, Republic Act No. 11363, which was signed in 2019, the Philippine Space Agency (PhilSA) was established as “the primary policy, planning, coordinating, implementing, and administrative entity of the Executive Branch of the government that will plan, develop, and promote the national space program.”

QR Code

Save/Share this story with QR CODE


Disclaimer


This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?


📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest


0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x