MANILA, Philippines — Senior Associate Justice Antonio Carpio on Thursday warned about the security implications of a possible Chinese takeover of Hanjin Heavy Industries and Construction Corp. Philippines in Subic. Hanjin Philippines, a subsidiary of South Korean shipbuilder Hanjin Heavy Industries and Construction Co. Ltd., recently declared bankruptcy. “China claims our West Philippine Sea. If […]
THE government is looking into having other foreign white knights to acquire Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), with an initial eight-year rehabilitation plan on the table. An Olongapo City court granted HHIC-Phil’s petition to enter into corporate rehabilitation on Monday. Citing initial data, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo […]
A formation of Chinese naval ships consisting of four advanced warships under the People’s Liberation Army (PLA) Southern Theater Command’s South China Sea Fleet set sail Wednesday for deepwater exercises with the PLA’s Air Force, Rocket Force and Strategic Support Force. The PLA forces will conduct joint exercises focusing on anti-terrorism, anti-piracy and joint search […]
The country’s foreign minister Pham Bình Minh made the comments after China and Vietnam wrapped up their latest talks on their land and maritime borders on Monday with a pledge to maintain maritime stability. He told local media that Hanoi was trying to maintain a balance between the United States and China at a time […]
MANILA — The Philippine government should take control of the country’s largest shipyard, the defense secretary said on Thursday, after officials raised concerns that Chinese companies seeking to take it over would act as agents of Beijing, projecting China’s power deeper into the region. Among the foreign companies expressing interest in the sprawling shipyard on […]
Manila should review its defence agreement with Washington to clarify when the United States will come to its aid, as tensions in the South China Sea are the Philippines’ “most difficult” security challenge, its Defence Secretary Delfin Lorenzana said on Thursday. A former defence attaché to Washington, Lorenzana was speaking at the Foreign Correspondents Association […]
Students in China have been taught of a “false narrative” as regards the country’s territorial claims in the South China Sea, Supreme Court Associate Justice Antonio Carpio said on Thursday. “China said Chinese activities in the South China Sea started 2,000 years ago… China said it is the first country to discover, name and explore […]
China’s richest man, who has been named a special adviser to the island of Hainan, also said the resort area should aim to become a hub for the digital economy by taking the lead in making the yuan an international currency and promoting mobile payments technology. Alibaba owns the South China Morning Post. Hainan must […]
Earlier this month, new evidence surfaced regarding China’s efforts to strike a deal with the former Malaysian government back in 2016 to bail out the struggling 1 Malaysia Development Berhad (1MDB) state fund at the center of a billion-dollar scandal allegedly implicating former premier Najib Razak in exchange for deals tied to the Belt and […]
The U.S. military reportedly is set to conduct its first missile test around the Japanese island of Okinawa later this year amid increasing Chinese aggression in the South China Sea. It is not clear when the test will occur, but Stars and Stripes, citing Japan’s Sankei newspaper, said it will feature the Army’s High-Mobility Artillery […]