MANILA -Philippine President Ferdinand Marcos Jr said on Sunday his country is not in the business of instigating wars and will always aim to settle disputes peacefully, amid escalating maritime confrontations with China.
Philippine navy personnel and the Chinese coast guard had their latest clash last week in the disputed waterway, where the Philippine military said a Filipino sailor was severely injured and its vessels damaged. China's foreign ministry disputed the Philippine account, with a spokesperson saying on Thursday that the necessary measures taken were lawful, professional and beyond reproach.
In 2016, the Permanent Court of Arbitration in The Hague said China's claims had no legal basis, a decision Beijing has rejected.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.