Markets

Palace: PHL, China want peaceful resolution of territorial dispute

Palace: PHL, China want peaceful resolution of territorial dispute

He said Xi told him "do not touch it".

The Hague award clarifies Philippine sovereign rights in its 200-mile Exclusive Economic Zone to access offshore oil and gas fields, including the Reed Bank, 85 nautical miles off its coast.

Newly appointed Department of Foreign Affairs Secretary Alan Peter Cayetano made this observation on Friday after the ASEAN and China finished a draft framework for negotiating a code of conduct (COC), despite regional skepticism over Beijing's commitment to rules that can restrain its maritime ambitions.

A Supreme Court judge called on Saturday for Manila to file an worldwide arbitration case and a complaint with the United Nations over what the country's leader said was a threat of war made by Chinese President Xi Jinping.

Chinese dredging vessels are purportedly seen in the waters around Fiery Cross Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy.

The resource-rich South China Sea is claimed by four Asean countries - Brunei, Malaysia, the Philippines and Vietnam - and two non-Asean countries, namely China and Taiwan.

President Duterte bares details of a meeting with Xi Jinping to prove to critics he isn't scared of China.

"I really told [Xi] face-to-face: 'That (South China Sea) is our and we intend to drill the oil there.' I did not hesitate to say that", the Chief Executive said. The BCM will comprise equivalent officials from the respective foreign ministries and relevant maritime affairs agencies, and will meet alternately in China and the Philippines once every six months. "So if we can get something there, with no hassle at all, why not?" the President said last Tuesday.




China was enraged by a ruling a year ago from a Hague tribunal invalidating most of its South China Sea claims in a case brought by the Philippines.

"China also wants the COC, even though it is not legally binding". He added the both countries will be destroyed. "We have a very open attitude to normal exchanges between various countries", she said when asked for China's reaction to the joint naval exercise of India and Singapore.

The next discussion will be held in the Philippines in the second half of the year. China wants a peaceful region to achieve more prosperity.

Duterte said, "Now that he is no longer in office, Del Rosario keeps talking".

It shows the Philippines' agreement on adherence to the China-championed "dual-track" approach, which calls for disputes to be resolved peacefully through negotiation between directly concerned parties, and for China and ASEAN members to work together to maintain peace and stability in the South China Sea, said Wu Shicun, president of the National Institute for South China Sea Studies.

Reports said that ASEAN leaders revised the final statement and removed any reference to the arbitration ruling.

Carpio was a member of the country's legal team that argued the Philippines' case before the Permanent Court of Arbitration.


  • Tornadoes cause damage in Wisconsin, Oklahoma

    The National Weather Service has issued a tornado watch for a wide swath of Iowa, reports CBS affiliate KCCI in Des Moines . He said she is an adult and is in serious condition. "Again, because we're just not used to that kind of thing", he said.
    Rex Tillerson Calls on Iranian President to End Terror Financing

    Rex Tillerson Calls on Iranian President to End Terror Financing

    The two other lesser known candidates, Mostafa Aqa-Mirsalim and Mostafa Hashemi-Taba, got 478,215 and 215,450 votes respectively. Hashemitaba was among the first to predict an outright win for Rouhani as he offered his congratulations Saturday morning.
    Chelsea Manning leaves prison after sentence in leaks case is commuted

    Chelsea Manning leaves prison after sentence in leaks case is commuted

    Obama also noted that, unlike Edward Snowden, Manning had faced trial and expressed contrition for what she had done. Manning was convicted in 2013 of leaking secret military and US Department of State documents and battlefield video.
  • The heartfelt speeches made at Pippa Middleton's wedding by her husband & father

    The heartfelt speeches made at Pippa Middleton's wedding by her husband & father

    She and hedge fund manager James Matthews married Saturday at a church in rural England, west of London. Both wore special outfits when they arrived with their mother, the Duchess of Cambridge, Pippa's sister.
    Chris Cornell funeral to be held May 26 in LA, sources say

    Chris Cornell funeral to be held May 26 in LA, sources say

    A medical examiner determined that Cornell killed himself by hanging in a Detroit hotel room following a concert on Wednesday. Vicky Cornell said she became concerned and had her husband's personal security team go to his MGM Grand Detroit hotel room.
    Ducks F Rakell out for Game 5

    Ducks F Rakell out for Game 5

    During Game 4 against the Nashville Predators, Ducks forward Ryan Getzlaf shouted a sexist and homophobic slur towards a referee. Nashville had tied the score 1-1 on Wilson's power-play goal, his second goal of the playoffs, at 19:19 of the second period.
  • India clears major obstacle to GST introduction on July 1

    The next meeting of the Council is slated for June 3, wherein tax on gold and precious metals will be taken up for discussion. Out of 12,000 commodities, 81 per cent, items attract GST rate of 18 per cent or less and 19 per cent fall in 28 per cent.
    Villagers Lynch 6 People On Suspicion Of 'Child Theft' In Jharkhand

    Villagers Lynch 6 People On Suspicion Of 'Child Theft' In Jharkhand

    Of the 11 people killed in Jamshedpur and Seraikela-Kharswa district four were from the Muslim community and rest were Hindus. Stern action will be taken against those found spreading such rumours", said Additional Director General of Police R.K.
    Blitzbokke dumped by England in London quarters

    Blitzbokke dumped by England in London quarters

    The action resumes at 09.30 (GMT) on Sunday in Twickenham, with the first quarter-final kicking off just before 11.00. It's Rosco Specman who gave South Africa a lead 12-5 after he sliced through to score before Cecil Africa converted.
  • Republicans Suffer Shocking Defeat As Obama Environmental Regulation Repeals Fails In Senate

    Republicans Suffer Shocking Defeat As Obama Environmental Regulation Repeals Fails In Senate

    Methane is a known greenhouse gas with as much as 80 times more potency than carbon dioxide and therefore contributes to climate change.

    GST Council finalises four tax rates for services

    For example, hotels and restaurants would be taxed on the basis of their room tariff and turnover of business. The GST will come into effect across the country from July 1 next. "We are in state of readiness".
    'Troubled' Times Square driver charged with murder

    'Troubled' Times Square driver charged with murder

    She was killed and her 13-year-old sister seriously injured, along with 21 other pedestrians who lay scattered on the sidewalk. Rojas went running through the street before he was subdued by police and bystanders, and taken into custody.