AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Philippine President Rodrigo Duterte said Friday China's leaders told him they were prepared to go to war over competing claims in the South China Sea. Duterte, who met with Chinese President Xi Jinping and Premier Li Keqiang in Beijing this week, said he was making the threat public in response to domestic criticism he was being too weak with China over the dispute.
"I really said it to their face. That is ours and we intend to drill oil there," Duterte said, revealing his previously unreported plans to explore for natural resources in disputed areas. "And they told me: 'Well, we're friends. We do not want to quarrel with you. We want to maintain the present warm relationship. But if you force the issue we'll go to war.'"
The competing claims to the sea, which is believed to sit atop vast oil and gas deposits, have for decades made it one of Asia's potential military flashpoints. China claims most of the sea, a key waterway for global shipping, and has reclaimed disputed reefs and installed military facilities on them. Malaysia, Brunei, Vietnam and Taiwan also have overlapping claims.
An international tribunal ruled in July last year that China's claims to most of the sea were without legal basis, in a case filed by the Philippines under Duterte's predecessor, Benigno Aquino. But China vowed to ignore the ruling and warned the Philippines against trying to use the verdict as leverage. Duterte, who began his six-year term in June last year, agreed to take a soft stance with China, claiming that if he did it might lead to war. Duterte has also sought closer ties with China to win billions of dollars of Chinese investments and loans, while loosening the Philippines' long-standing alliance with the United States.
That change of tack earned Duterte a state visit to China in October last year, when he met with Xi. Duterte returned to China this week to take part in a summit on a Chinese plan to expand its trade and infrastructure links around the world.

Comments

Comments are closed.