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Sunday, June 30, 2013

Philippines Central Bank: Liquidity widens 16.3% to ₱5.3Trillion in May 2013

Liquidity or money circulating in the financial system expanded by 16.3 percent to ₱5.3 trillion in May from ₱4.6 trillion, fueled largely by domestic lending activities by banks, Bangko Sentral ng Pilipinas reported Friday. "This growth was faster relative to the 13.3-percent expansion recorded in the previous month,"...

Fil-Am Judge Schofield had no Filipino consciousness, “I am not Filipino, I was an American baby”

Lorna Gail Schofield, the first Filipino-American in the history of the United States to serve as an Article III federal judge. "I am not Filipino, I was an American baby". Photo: Filipino Reporter Fil-Am judge Lorna Schofield: 'I had no Filipino consciousness growing up' "I was an American...

Philippines Slams China's Threatening of War as "Uncivilized Provocative Language" instead of PEACE

New recruits of the Chinese Navy march with their guns during the parade marking the end of their first training session in Qingdao, Shandong province. Reuters/Stringer

PH slams China for retaliation threat

Philippines scored China's "provocative" threat of retaliation in the West Philippine Sea (South China Sea) on Saturday, urging Beijing to defer instead to peaceful means of resolving maritime disputes under the United Nations Convention on the Law of the Sea.

In a statement, the Department of Foreign Affairs reminded China of its obligation under international law to settle disputes without the use of threat or force.

"China has an obligation under international law, especially the UN Charter, to pursue a peaceful resolution of disputes, meaning without the use of force, the threat to use force such as this recent provocative statement of a counterstrike," said DFA spokesperson Raul Hernandez.

"There is no place in the relations of civilized nations to use such provocative language," he added.

Hernandez made the statement in response to the Chinese People's Daily's scathing commentary on the Philippines on Saturday, which warned of a "counterstrike" as it accused Manila of "seven sins" in the disputed West Philippine Sea, which is how the Philippine government calls part of the South China Sea that is within in exclusive economic zone.

Among other things, the paper, a mouthpiece of the Chinese Communist Party, accused the Philippines of "illegal occupation" of the Spratly Islands, part of which Manila contends to be within its exclusive economic zone.

The commentary also blasted the Philippines for advocating the "internationalization" of the waters, a critical international sea lane that has been under the close watch of Philippine allies, the United States in particular.

Navy trainees show their capability during a log-handling exercise in Sangley Point in Cavite City on Tuesday. Danny Pata - Manila Standard Today

China issued its criticism amid war games between the Philippines and the US Navy off the Panatag (Scarborough) Shoal, a territory in the West Philippine Sea that saw a tense standoff between Philippine and Chinese ships last year. At least three Chinese patrol vessels are known to still be in the area.

The commentary also came out as leaders of the Association of Southeast Asian Nations met in Brunei in hopes of drafting a legally binding Code of Conduct that is aimed at ensuring peace in the disputed waters.

Despite Beijing's sharp statements, the DFA called for sobriety and invoked peace in hopes of averting further escalation of tensions.

"We call on China to be a responsible member in the community of nations. The way towards a peaceful resolution of disputes is through the dispute resolution mechanism under the UN Charter, which is rules-based, transparent, binding and non-provocative," said Hernandez.

"A peaceful and rules-based resolution to the disputes in the West Philippine Sea is durable and beneficial to all and will ensure peace and stability in the region," he added.

The Philippines haled China to arbitral proceedings in the United Nations in January in a bid to peacefully settle the maritime dispute. The move has gained the support of the United States, the European Parliament and Japan, which also has a dispute  with China in the East China Sea.

Now pending before a five-member arbitral tribunal, the legal action seeks to prevent further Chinese incursions into established Philippine maritime boundaries in the West Philippine Sea and to invalidate Beijing's "excessive" nine-dash line claim encompassing almost all of the South China Sea.

China has rejected the proceedings, asserting "indisputable sovereignty" over the West Philippine Sea. It has been calling for a bilateral solution to its territorial disputes with the Philippines, Vietnam, Brunei, Malaysia, and Taiwan. The Philippines has meanwhile been pushing for a multilateral approach.

With report from Inquirer

Thursday, June 27, 2013

After invading Panatag and Panganiban reef; China ask the Philippines to trust them for peace

Why Should Philippines trust China? China asked the Philippines to have access for Panganiban reef as their fishermen's shelter in Palawan province during stormy days. Since China and the Philippines maintain mutual trusts, the Philippine government allowed them to fish in the Philippine waters and used the Panganiban...

Wednesday, June 26, 2013

Armed Forces of the Philippines plans to build 30 Hectare Air, Naval bases ASAP in Subic for American Forces

An aerial view of Cubi Point, and in the background, Naval Station Subic Bay. Photo: Wikipedia Manila plans air, naval bases at Subic with access for U.S., officials say MANILA (Reuters) - The Philippine military has revived plans to build new air and naval bases at Subic Bay,...

Tuesday, June 25, 2013

United Nations Sea Tribunal picks new judge for Philippines-China Sea disputes after Sri-Lanka resigned

UN picks new judge for Philippines-China dispute The International Tribunal on the Law of the Sea has named a judge from Ghana to replace the recently resigned Sri Lankan member of a United Nations five-man arbitral tribunal set up to hear the Philippines' complaint over China's territorial claims...

Monday, June 24, 2013

$1.4 Billion USD (₱60 Billion PHP) LRT 1 Extension Push through in spite of China-Railway linked protest

Ecorail Transport Services Inc. - businessman Reghis Romero II tied up with China Railway Construction Corporation disqualified the bidding for late submission filed a case in the Supreme Court to stop the bidding. DOTC to proceed with LRT 1 Ext bidding The Department of Transportation and Communications (DOTC)...

Government will spend ₱2 Billion for new Philippine Airforce runway in Cagayan de oro

The government will set aside about ₱1 billion to redevelop Lumbia Airport in Cagayan de Oro City into an air force base. Gov't sets aside ₱2B for dev't of airports The government has earmarked about ₱2 billion over the next two years to redevelop and redesignate airports in Cavite and Cagayan...

Saturday, June 22, 2013

Chinese Ship entered and anchored Cebu Malapascua for more than 1 month undetected by the Philippine Authorities

Chinese cargo ship seized in Cebu Authorities took custody yesterday of 24 Chinese crewmen after their cargo ship was seized while anchored near a marine sanctuary in Cebu for the past 33 days, allegedly without informing the government of their arrival in the country. Commodore William Melad, Philippine...

Friday, June 21, 2013

Shell to build 2nd Philippines' LNG facility in 2 to 3 years, then BG Group and Korea Western Power

Royal Dutch Shell aims to build the Philippines' first liquefied natural gas (LNG) import terminal in the next two to three years, as Asia's fastest-growing economy seeks to diversify its energy sources to meet robust demand. The terminal will be a floating facility near Shell's Tabangao refinery in...

Thursday, June 20, 2013

President Aquino wants clogged drainage systems by “street-vendors” probed

President Aquino wants to get to the bottom of the recent massive flooding in Metro Manila. The President has ordered the Department of the Interior and Local Government (DILG) and the PNP to look into allegations that vandals deliberately clog Metro Manila's drainage systems to make money out...

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