Business tycoon Ang urges Philippines to uphold claims in energy-rich South China Sea

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San Miguel Nyheter

Philippines,Billionaire,Statement

Lee previously described the wait for Chris Wong's final verdict as 'painful' and expressed hopes for a swift resolution to the case, which has been ongoing for over two months.

MANILA : The Philippines should not abandon its claims in the South China Sea given its vast energy potential, the head of the nation’s largest conglomerate by sales has announced in a statement.

Billionaire Ang spoke during a government economic forum attended by top economic managers including Finance Secretary Ralph Recto. "We have a big natural gas field in the West Philippine Sea. We should concentrate in developing that in the future,” Ang told reporters separately. Ang said he’s not keen on investing in PXP despite his growing business ties with Pangilinan, which include plans to merge their tollway businesses.

 

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