Philippine military warns on Chinese investment in key islands

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

MANILA: The Philippine military on Tuesday (Aug 6) warned plans by President Rodrigo Duterte's government to allow Chinese investors to develop ...

MANILA: The Philippine military on Tuesday warned plans by President Rodrigo Duterte's government to allow Chinese investors to develop three tiny but strategic islands could"compromise" Manila's security.

Military spokesman Brigadier-General Edgard Arevalo said on Tuesday the government should study the security implications of handing over the islands to foreign entities. "While we approve of our economy getting a boost ... we should also consider the security aspect that may be compromised if we fail to adequately study the implications of leasing these to foreigners," Arevalo added.Duterte has overseen improved economic ties with China since being elected president in mid-2016, when he set aside a sovereignty dispute over islands and waters in the South China Sea that Beijing claims almost in its entirety.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Victims fall prey to fake news sites promoting investmentsThey can look like the real thing, down to the same mastheads and even fonts used by newspapers such as The Straits Times, The New Paper, The Business Times and Lianhe Zaobao.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »