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Search resuls for: "Philippine Finance"


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The Chinese military will maintain high vigilance, resolutely defend sovereignty and maritime rights and interests, and resolutely safeguard peace and stability in the South China Sea, China's military said. "The Philippines enlisted forces out of the region to patrol ... stirred up trouble and engaged in hype, undermining regional peace and stability," the southern theatre command of the Chinese military said. Relations have soured between China and the Philippines over the South China Sea under Philippine President Ferdinand Marcos Jr as he pivots towards closer ties with the U.S., which supports the Southeast Asian nation in its maritime disputes with China. A Chinese foreign ministry spokesperson said on Wednesday China had warned the U.S. and the Philippines in connection with their patrols. A Chinese navy ship shadowed three U.S. and Philippine warships conducting joint patrols on Thursday, the Philippine armed forces chief, Romeo Brawner, told reporters.
Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Ferdinand Marcos Jr, Mao Ning, Romeo Brawner, Brawner, Ella Cao, Bernard Orr, Liz Lee, Neil Jerome Morales, Edmund Klamann, Robert Birsel Organizations: Philippine, China's, REUTERS, U.S, Philippines, U.S ., Relations, South China, China, Philippine -, Thomson Locations: Beijing, China, Philippines, BEIJING, MANILA, Philippine, U.S, South China, Taiwan, South, Palawan, United States, Manila
REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsMANILA/BEIJING, Nov 10 (Reuters) - The Philippines on Friday condemned China's coast guard for "unprovoked acts of coercion and dangerous manoeuvres," including its use of a water cannon against one of its boats in an attempt to disrupt a resupply mission in the South China Sea. China's coast guard said two small Philippine transport ships and three coast guard ships entered the waters without the permission of the Chinese government and urged the Philippines to stop infringing on Beijing's sovereignty. Japanese Prime Minister Fumio Kishida said during his visit to Manila on Saturday that his country, the Philippines and the United States were cooperating to protect the freedom of the South China Sea. China's use of water cannons followed a series of incidents in the South China Sea, including the collisions between China's vessels and two Manila ships on Oct. 22. The Philippines accused China coastguard of "intentionally" colliding with its vessels.
Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Thomas, Thomas Shoal, Wang Wenbin, Fumio Kishida, Neil Jerome Morales, Bernard Orr, Christopher Cushing, Gerry Doyle, Christina Fincher Organizations: Philippine, China's, REUTERS, South China, Official Development, China coastguard, Beijing, Thomson Locations: Beijing, China, MANILA, BEIJING, Philippines, China's, South China, South, Manila, Ayungin, Philippine, Thomas Shoal, United States, Japan, Japanese, Washington, Hague
Philippine police hunt for six kidnapped Chinese nationals
  + stars: | 2023-11-02 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Damir Sagolj Acquire Licensing RightsMANILA, Nov 2 (Reuters) - Philippine authorities were trying to track the whereabouts of six Chinese nationals who were abducted in the capital region this week, police said on Thursday. Police anti-kidnapping chief Cosme Abrenica said authorities were investigating the abduction of nine people on Monday in an upscale neighbourhood in southern Metro Manila. Six of the victims were Chinese, who remain missing, and three were Filipino who were released shortly after they were abducted. Abrenica did not disclose the identities of the victims or give any details on their status in the Philippines. The Chinese embassy in Manila said it had noted a request from Reuters for comment.
Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Cosme Abrenica, it's, Abrenica, Philip Aguilar, Mikhail Flores, Robert Birsel Organizations: Philippine, China's, REUTERS, Rights, Police, Reuters, Thomson Locations: Beijing, China, Rights MANILA, Metro Manila, Philippines, Calauan, Manila
Philippines accuses China of intruding into its waters
  + stars: | 2023-11-02 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Damir Sagolj Acquire Licensing RightsMANILA, Nov 2 (Reuters) - The Philippine foreign ministry on Thursday accused China of intruding into its waters after an incident involving the two countries' military vessels at a disputed shoal in the South China Sea earlier this week. "It is China that is intruding into Philippine waters," the foreign ministry said in a statement. "The Philippines has consistently demanded that Chinese vessels in Bajo de Masinloc leave the area immediately," the foreign ministry said. The shoal, located 200km (124 miles) off the Philippines, was part of an arbitration claim filed by Manila at an international tribunal. The court ruled in 2016 that Beijing's claim to 90% of the South China Sea had no basis under international law, but China has refused to recognise the ruling.
Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Masinloc, Mikhail Flores, Kanupriya Kapoor Organizations: Philippine, China's, REUTERS, Rights, South China, of Foreign Affairs, Thomson Locations: Beijing, China, Rights MANILA, Philippine, South, Scarborough, Philippines, Manila, Bajo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur monetary policy tools may be 'inappropriate' at this time, says Philippine finance secretaryPhilippine Finance Secretary Benjamin Diokno says the monetary board will meet again this month to weigh monetary and fiscal measures.
Persons: Benjamin Diokno Organizations: Philippine Locations: Philippine
China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials. China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas. China Coast Guard spokesman Gan Yu responded that China has "indisputable" sovereignty over the Spratly Islands and their adjacent waters, including the Second Thomas Shoal. The Philippine Coast Guard said the Chinese actions violated laws including two international conventions and a ruling from a global tribunal. The Permanent Court of Arbitration in The Hague concluded in 2016 that Beijing's expansive claim to the South China Sea was groundless.
Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, China's, Thomas, Gan Yu, Gan, Jay Tarriela, Enrico Dela Cruz, Ryan Woo, William Mallard Organizations: Philippine, China's, REUTERS, Armed Forces, China Coast Guard, Central Military Commission, Philippine Coast Guard, U.S . State Department, Washington, Coast Guard, Philippines Mutual Defense, Thomson Locations: Beijing, China, Philippine, MANILA, Philippines, South China, Malaysia, Vietnam, Brunei, Taiwan, Manila, Ayungin, Spratly, The Hague, South, United States
Philippine finance secretary sees 'long pause' in rate hikes
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
MANILA, June 25 (Reuters) - Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a "long pause" in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. I don't see any cut until we really have that strong evidence of a decline" in inflation, Diokno said. He is one of the seven members of the policy-making Monetary Board, which next meets on Aug. 17 to review policy under the leadership of a new central bank governor. Since May last year, the central bank raised rates 425 basis points to combat inflation.
Persons: Benjamin Diokno, Diokno, Ferdinand Marcos Jr, Eli Remolona, Felipe Medalla, Neil Jerome Morales, WIlliam Mallard Organizations: Philippine Finance, Bangko Sentral ng Pilipinas, Thomson Locations: MANILA, Bangko
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