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“There was, before 2022, a wave of funds coming out of mainland China in breach of capital-control regulations and some of that was passing through unlawful gambling activities in Southeast Asia and Macau,” said Steve Vickers, CEO of Steve Vickers and Associates, a regional political and corporate risk consultancy.
A spokesperson at China’s embassy in Manila said on April 18 that the two had agreed early this year to a “new model” in managing tensions at the Second Thomas Shoal, without elaborating.
At the end of the launch event for the Citizens’ Coalition Against War in Manila on Wednesday, the group released a petition calling for signatures supporting an end to the proxy war as well as a manifesto criticising the government’s position on the Second Thomas Shoal, a highly contested maritime landmark in the South China Sea that the Philippine refers to as Ayungin and Beijing calls Ren’ai Jiao.
Chinese President Xi Jinping told visiting U.S. Secretary of State Antony Blinken on Friday that Washington needs to look at China's development "in a positive light" in order for bilateral relations to improve.
The chairman of Vietnam’s parliament Vuong Dinh Hue has resigned over his “violations and shortcomings”, its government said on Friday, in a new sign of political turbulence just weeks after the high-profile dismissal of the country’s president.
HANOI, Vietnam (AP) — The head of Vietnam’s parliament has resigned, according to state media, making him the latest senior member of government to leave office amid an ongoing anti-corruption campaign that’s shaken the country’s political and business elites.
HONG KONG/TOKYO -- China on Friday demanded that the U.S. "stop hyping up" concerns about its industrial capacity as U.S. Secretary of State Antony Blinken met Foreign Minister Wang Yi and, later, President Xi Jinping in Beijing.
Analysts believe Prabowo is likely to form a grand coalition with minimal opposition, an outcome that would accelerate his legislative agenda, but potentially erode the country’s democracy due to a lack of checks on his power.