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Basilio Sepe/BenarNews The Philippines will push to resolve differences with Beijing peacefully, President Rodrigo Duterte said Tuesday, after Manila’s foreign office threatened to file diplomatic protests for each day that Chinese ships remain moored at a disputed reef in the South China Sea. This was the president’s first direct comment on the issue since Philippine government officials said that Chinese militia ships were spotted moored together at Whitsun Reef in the Spra...

[Handout photo from National Task Force on the West Philippine Sea via AFP] The Philippines on Sunday claimed that the continued presence of Chinese vessels in Manila’s maritime territory in the South China Sea revealed that Beijing plans to occupy more features in the disputed waterway. Philippine Defense Secretary Delfin Lorenzana’s latest statement came after the Chinese Embassy in Manila a day earlier defended the presence of Chinese boats at the Whitsun Reef saying it was...

Assertive moves from China has spurred non-claimant states to increase their own involvement in the South China Sea disputes through a range of diplomatic and military means.

Indian billionaires club likely to grow 43% by 2025 SECTIONS Share Synopsis India’s billionaire count to increase to 162 by 2025 from 113 now; one out of five Indian ultra-high networth individuals planning to buy a new home in 2021. iStock An individual requires assets worth $60,000 to join the wealthiest 1% club in India. Consumption-led Indian economy is churning out more millionaires at a pace faster than the average witnessed among Asian peers and also other global economies. This growt...

Meanwhile, a U.S. warship conducted a freedom of navigation operation in the Spratly islands on Wednesday.

(Bloomberg) -- The reflation trade driving a sell-off in Treasuries will have investors watching to see if this results in a spike in emerging-market yields. The pace of any such yield surge carries far more weight for developing-nation bonds than the levels reached.Bonds from Indonesia, Mexico and Malaysia are the most vulnerable to sudden surges, because they historically have fiscal and/or current-account deficits, or both, according to a Bloomberg study of 15 emerging markets. In contrast, s...

Philippine Foreign Secretary Teodoro Locsin says that Chinese diplomacy has been very effective with most UN members.

Reuters Updated at 7:55 p.m. ET on 2021-02-01 Beijing’s embassy here hit out at the Philippines on Monday for what it called “false accusations” about a new law allowing the Chinese coast guard to use force in South China Sea waters claimed by the Asian superpower. In a statement on its Facebook page, the Chinese Embassy in Manila said its Coast Guard Law had been “misinterpreted” and was “a normal domestic legislative activity.” It also claimed that “forces in the...

Handout from Philippines Air Force The United States is a “stabilizing force” in the disputed South China Sea and the Indo-Pacific region, the Philippine defense chief said Friday, adding that Manila was optimistic about a “new era” of ties with Washington under the Biden presidency. Manila likely will keep pursuing an independent foreign policy, but is also expected to prolong a decades-old friendly relationship with the U.S. through dealings with the new administration i...

Handout Philippine Air Force The United States is a “stabilizing force” in the disputed South China Sea and the Indo-Pacific region, the Philippine defense chief said Friday, adding that Manila was optimistic about a “new era” of ties with Washington under the Biden presidency. Manila likely will keep pursuing an independent foreign policy, but is also expected to prolong a decades-old friendly relationship with the U.S. through dealings with the new administration in Wash...