Berliner Boersenzeitung - Marcos Jr says Philippines to uphold South China Sea ruling

EUR -
AED 4.091848
AFN 76.144031
ALL 98.644351
AMD 429.99334
ANG 2.00504
AOA 1047.301802
ARS 1077.57245
AUD 1.618187
AWG 2.008044
AZN 1.898378
BAM 1.950762
BBD 2.246278
BDT 132.946646
BGN 1.95442
BHD 0.419859
BIF 3226.167954
BMD 1.114033
BND 1.429608
BOB 7.687078
BRL 6.058258
BSD 1.112517
BTN 93.121037
BWP 14.552416
BYN 3.640266
BYR 21835.043838
BZD 2.242488
CAD 1.502307
CDF 3191.704083
CHF 0.942038
CLF 0.036575
CLP 1009.212458
CNY 7.814157
CNH 7.78621
COP 4641.629005
CRC 584.096729
CUC 1.114033
CUP 29.52187
CVE 109.981943
CZK 25.158315
DJF 198.106583
DKK 7.457136
DOP 66.907802
DZD 147.711726
EGP 53.879831
ERN 16.710493
ETB 132.924995
FJD 2.437783
FKP 0.848402
GBP 0.833057
GEL 3.035737
GGP 0.848402
GHS 17.55167
GIP 0.848402
GMD 76.312209
GNF 9608.271495
GTQ 8.599867
GYD 232.758867
HKD 8.662218
HNL 27.637869
HRK 7.574322
HTG 146.961769
HUF 396.954968
IDR 16840.221858
ILS 4.131925
IMP 0.848402
INR 93.232908
IQD 1457.403339
IRR 46906.353374
ISK 150.683926
JEP 0.848402
JMD 174.68043
JOD 0.789513
JPY 159.628675
KES 143.431743
KGS 93.797571
KHR 4520.366077
KMF 492.541795
KPW 1002.628932
KRW 1462.80867
KWD 0.339881
KYD 0.927085
KZT 532.841901
LAK 24566.33337
LBP 99625.907387
LKR 333.475757
LRD 215.832581
LSL 19.130122
LTL 3.289449
LVL 0.673867
LYD 5.266352
MAD 10.760509
MDL 19.374788
MGA 5034.04404
MKD 61.59774
MMK 3618.335237
MNT 3785.48357
MOP 8.915375
MRU 44.013723
MUR 51.189529
MVR 17.100531
MWK 1929.135046
MXN 21.761518
MYR 4.590189
MZN 71.183006
NAD 19.129865
NGN 1840.571171
NIO 40.943706
NOK 11.760249
NPR 148.99354
NZD 1.766132
OMR 0.428851
PAB 1.112517
PEN 4.173222
PGK 4.42162
PHP 62.385282
PKR 308.948695
PLN 4.277525
PYG 8689.480159
QAR 4.055163
RON 4.976165
RSD 117.075913
RUB 103.323332
RWF 1503.729898
SAR 4.178694
SBD 9.249499
SCR 15.17315
SDG 670.088162
SEK 11.299011
SGD 1.429989
SHP 0.848402
SLE 25.452646
SLL 23360.706096
SOS 635.863498
SRD 34.026459
STD 23058.230748
SVC 9.73464
SYP 2799.040883
SZL 19.121616
THB 36.106364
TJS 11.831478
TMT 3.910255
TND 3.382195
TOP 2.609175
TRY 38.088673
TTD 7.551565
TWD 35.123242
TZS 3043.38066
UAH 45.803517
UGX 4108.389489
USD 1.114033
UYU 47.028542
UZS 14193.343635
VEF 4035642.520058
VES 41.018401
VND 27416.34841
VUV 132.260218
WST 3.116465
XAF 654.273118
XAG 0.03511
XAU 0.000419
XCD 3.01073
XDR 0.823082
XOF 654.261402
XPF 119.331742
YER 278.897708
ZAR 19.132961
ZMK 10027.635695
ZMW 29.287099
ZWL 358.718123
  • RBGPF

    63.3000

    63.3

    +100%

  • CMSD

    0.0450

    25.11

    +0.18%

  • CMSC

    0.0200

    25.11

    +0.08%

  • RYCEF

    0.0300

    7.1

    +0.42%

  • SCS

    0.3300

    13.21

    +2.5%

  • NGG

    -0.0400

    70.06

    -0.06%

  • RIO

    3.0800

    70.75

    +4.35%

  • VOD

    -0.0200

    10.04

    -0.2%

  • RELX

    -0.2800

    48.09

    -0.58%

  • GSK

    0.3400

    40.9

    +0.83%

  • AZN

    0.6400

    78.18

    +0.82%

  • BCC

    2.2400

    140.31

    +1.6%

  • JRI

    0.0700

    13.46

    +0.52%

  • BCE

    -0.0700

    34.83

    -0.2%

  • BTI

    -0.1400

    37.82

    -0.37%

  • BP

    -0.8900

    30.79

    -2.89%

Marcos Jr says Philippines to uphold South China Sea ruling
Marcos Jr says Philippines to uphold South China Sea ruling / Photo: TED ALJIBE - AFP

Marcos Jr says Philippines to uphold South China Sea ruling

Philippine president-elect Ferdinand Marcos Jr said Thursday he would uphold an international ruling against Beijing over the disputed South China Sea, insisting he would not let China trample on Manila's maritime rights.

Text size:

China claims almost all of the resource-rich waterway, through which trillions of dollars in trade passes annually, with competing claims from the Philippines, Brunei, Malaysia, Taiwan and Vietnam.

Beijing has ignored a 2016 decision by The Hague-based Permanent Court of Arbitration that declared its historical claim to be without basis.

Outgoing President Rodrigo Duterte fostered warmer ties with his more powerful neighbour by setting aside the ruling in exchange for promises of trade and investment, which critics say have not materialised.

In his strongest comments yet on the longstanding source of tensions between the two nations, Marcos Jr said he would not "allow a single millimetre of our maritime coastal rights to be trampled upon".

"We have a very important ruling in our favour and we will use it to continue to assert our territorial rights. It is not a claim. It is already our territorial right," he told selected local media.

"We're talking about China. We talk to China consistently with a firm voice."

But he added: "We cannot go to war with them. That's the last thing we need right now."

Chinese foreign ministry spokesman Wang Wenbin said Beijing's position on the international ruling had not changed.

"China is willing to continue communication and dialogue with the Philippines to appropriately handle differences, and together uphold the peace and stability of the South China Sea region," Wang said.

- 'Friends with everyone' -

Marcos Jr, popularly known as Bongbong, secured more than half of the votes in the May 9 election to win the presidency by a wide margin and cap a remarkable comeback for his family.

His father and namesake ruled the Philippines for 20 years, presiding over widespread corruption and human rights abuses before he was ousted in 1986.

Marcos Jr formally takes office on June 30.

He and his running mate Sara Duterte, who also won the vice presidential race in a landslide, have embraced key policies of the elder Duterte.

But Marcos Jr signalled that on foreign policy he would not adopt the "slightly unorthodox approach" of Duterte, who rattled diplomats with his firebrand rhetoric and mercurial nature.

The president-elect indicated he would seek to strike a balance between China and the United States, which are vying to have the closest ties with his administration.

"We are a small player amongst very large giants in geopolitics. We have to ply our own way," said Marcos Jr.

"I do not subscribe to the old thinking of the Cold War where we had this spheres of influence where you're under the Soviet Union or you're under the United States," he said.

"I think that we have to find an independent foreign policy where we are friends with everyone. It's the only way."

The United States has a complex relationship with the Philippines -- and the Marcos family.

After ruling the former US colony for two decades with the support of Washington, which saw him as a Cold War ally, Marcos senior went into exile in Hawaii in the face of mass protests and with the nudging of the United States in 1986.

As regional tensions remain high, Washington is keen to preserve its security alliance with Manila that includes a mutual defence treaty and permission for the US military to store defence equipment and supplies on several Philippine bases.

The South China Sea was a key obstacle in Manila's ties with Beijing and needed to be resolved, said Chester Cabalza of the Manila-based think tank International Development and Security Cooperation.

If Marcos Jr and Chinese President Xi Jinping do not engage on the issue, "Beijing will have an upper hand in terms of our strategic relations with China", he said.

(Y.Berger--BBZ)