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MANILA -- The Philippines and U.S. are set to hold a meeting of their top diplomatic and defense officials in Manila in "late July," Nikkei Asia has learned, in a bid to bolster ties in the face of China's maritime aggression.
“We urge the [People’s Republic of China] to cease harassment of Philippine vessels lawfully operating in the Philippine exclusive economic zone,” the envoy added, stressing Manila’s “sovereign rights” and “freedoms of navigation” in the South China Sea for all ships.
MANILA -- The Philippine central bank's chief said that an interest rate cut in August is "somewhat more likely than before" during a news briefing on Thursday that followed a decision to keep its key rate on hold for now.
Analysts warn that Manila must demonstrate unity between its defence and political leadership in order to effectively counter Beijing’s assertiveness in the South China Sea.
“We have filed over a hundred protests, we have already made a similar number of démarche,” Marcos told reporters. “We have to do more than just that.”
Analysts say strong political will from Manila and Hanoi is required after Vietnamese state media on Friday reported that the country was ready to discuss territorial boundaries for an undersea continental shelf in the disputed waters.
Jeffrey Facundo was giving evidence to a Senate inquiry into the June 17 incident at Second Thomas Shoal, where Manila has accused China’s coastguard of blocking resupply missions to a Philippine military outpost and boarding a Filipino vessel while wielding knives and an axe.
