Trading Century
  • Trading News
  • Economy
  • Editor’s Pick
  • Finance
  • Investing
  • Politics
  • Stock
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting
  • Contact
Subscribe
Trading Century
Trading Century
  • Trading News
  • Economy
  • Editor’s Pick
  • Finance
  • Investing
  • Politics
  • Stock
  • Politics
  • Stock
  • Trading News

Country to discuss China sea row with firm voice — Marcos

  • May 26, 2022
PHILIPPINE COAST GUARD

PRESIDENT-elect Ferdinand R. Marcos, Jr. on Thursday vowed to protect Philippine-claimed areas in the South China Sea by engaging China on the dispute.

At a briefing with selected media, Mr. Marcos he said the Philippines under his term would consistently talk to China “with a firm voice.”

“We cannot go to war with them,” he said. “That’s the last thing we need right now so we have to continue to discuss with them the conflicting claims.”

Mr. Marcos said Southeast Asian nations, including those that have claims in the disputed water way, should also be part of the discussion. “I think ASEAN (Association of Southeast Asian Nations) will still be a very critical part of that discussion.”

Policy experts have criticized the late dictator’s son for allegedly parroting China’s mantra in its sea dispute with the Philippines. They expect Mr. Marcos to continue Mr. Duterte’s pivot to China, which had been made in exchange of investment pledges.

Mr. Marcos said he mentioned during his call with Chinese President Xi Jinping that he would “continue to pursue bilateral contact and communications with China.”

“He called me to congratulate me on winning the election,” he said. “I immediately said we have to continue to talk about this, this cannot be allowed to fester and to become more severe in terms of a problem between our two countries.”

Mr. Marcos, just like Mr. Duterte, vowed to implement an independent foreign policy in the next six years.

“We are a small player amongst very large giants in terms of geopolitics so we have to fly on our own wings,” he said. “I think that we have to be just fine with an independent foreign policy where we are friends with everyone.”

Mr. Marcos said the US has been increasing its presence in the Indo-Pacific region because it sees the South China Sea as a critical shipping route.

“The Americans now have a very strong global interest, strategic interest in the region with the rise of China and their view that the [South China Sea] is a critical part of the trade routes.”

Mr. Marcos vowed to honor a United Nations-backed arbitral ruling that invalidated China’s claim to more than 80% of the waterway.

“We have a very important ruling in our favor and we will use it to continue to assert our territorial rights,” he said. “It is not a claim. It is already our territorial right.”

Mr. Xi during his phone call with Mr. Marcos on May 18 called him “a builder, supporter and promoter” of friendship between the two neighbors, according to the Chinese Embassy in Manila.

China has said it would continue bilateral relations with the Philippines as the country transitions to a new government.

Foreign Ministry spokesman Zhao Lijian said his country would stay committed to the friendship of both nations, focus on post-pandemic growth, expand cooperation and bring more tangible benefits to both parties.

The South China Sea, a key global shipping route, is subject to overlapping territorial claims involving China, Brunei, Malaysia, the Philippines, Taiwan and Vietnam. Each year, trillions of dollars of trade flow through the sea, which is also rich in fish and gas.

The Philippine Department of Energy (DoE) last month suspended oil exploration activities in the South China Sea, a month after Mr. Duterte said he had received a warning from China after word spread that some companies had plans in the Reed Bank, locally known as Recto Bank.

Service Contracts (SC) 72 and 75 were put on hold. The Sampaguita gas field is within SC 72 or the Recto Bank basin concession.

The Security, Justice and Peace Coordinating Cluster has taken into account the political, diplomatic and national security implications of any activity in the South China Sea, DoE said.

Mr. Duterte earlier said he was reminded by someone from China to honor their joint exploration agreement if the Philippines did not want to suffer the consequences. — Kyle Aristophere T. Atienza

Previous Article
  • Politics
  • Stock
  • Trading News

55 party-list groups proclaimed led by Tulfo-supported ACT-CIS 

  • May 26, 2022
View Post
Next Article
  • Politics
  • Stock
  • Trading News

Marcos may consider Duterte as his anti-drug czar

  • May 26, 2022
View Post
You May Also Like
View Post
  • Trading News

Waller Offers Common Sense View on Financial Risks of Climate Change

  • May 29, 2023
View Post
  • Trading News

Ga. Reps Slice Possible Lifeline for Kids in Failing Schools

  • April 5, 2023
View Post
  • Trading News

Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation

  • April 3, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



    If you want to delve into the USA business updates and investors daily routine,
    go to our partner project Daily Business Investor.

    TradingCentury.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.

    Copyright © 2023 Trading Century. All Rights Reserved.

    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting
    • Contact
    Trading Century
    Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

    Input your search keywords and press Enter.