Posing a challenge for incoming leader Ferdinand Marcos Jr. if he wishes to restart discussions.
"We got as far as it is constitutionally possible to go,” said Foreign Affairs Secretary Teodoro Locsin, whose term ends with Duterte on June 30."One step forward from where we stood on the edge of the abyss is a drop into constitutional crisis.”
Its parent Philex Mining Corp. also fell 11.5%, the most since February 2017. PXP said in April that it had been ordered by the government to halt activities in the contested waters. Sea tensions between the two nations have also risen in the past weeks, with the Philippines’ protesting Beijing’s presence in the disputed area, as well as accusing China of illegal fishing and shadowing of Filipinos’ boats.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines abandons joint energy exploration talks with ChinaMANILA, June 23 — The Philippines’ outgoing foreign minister said today that talks over joint energy exploration between his country and China in the South China Sea had been...
Read more »
What is causing record floods and heatwaves in China?BEIJING: Record floods in southern China this month displaced more than half a million people, while searing heat buckled roads in other parts of the ...
Read more »
China’s tech giants lost their swagger and may never get it BackOn trading floors in New York and Hong Kong, the brightening mood toward Chinese technology companies is unmistakable: With stocks like Alibaba Group Holding Ltd and Tencent Holdings Ltd surging from multi-year lows, talk of a new bull market is growing louder.
Read more »