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.