Connect with us

World

US backs resumption of China-Philippines talks on South China Sea

Legacy Phuket Gazette

Published

on

US backs resumption of China-Philippines talks on South China Sea | The Thaiger

PHUKET MEDIA WATCH

– World news selected by Gazette editors for Phuket’s international community

US backs resumption of China-Philippines talks on South China Sea
Phuket Gazette / Reuters


VIENTIANE: US Secretary of State John Kerry said on Tuesday he supported the resumption of talks between China and the Philippines over the South China Sea, following an international court ruling against Beijing over the dispute earlier this month.

China did not participate in and has refused to accept the July 12 ruling by the Permanent Court of Arbitration, based in The Hague, in which U.S. ally Manila won an emphatic legal victory.

China’s Foreign Minister Wang Yi had asked Kerry to lend his support for bilateral talks to restart between Manila and Beijing in a meeting between the two in the Laos capital of Vientiane on Monday.

“The foreign minister said the time has come to move away from public tensions and turn the page,” Kerry told a news conference. “And we agree with that … no claimant should be acting in a way that is provocative, no claimant should take steps that wind up raising tensions.”

The court ruling has exacerbated tensions between the 10 members of the Association of Southeast Asian Nations (ASEAN), which are pulled between their desire to assert their sovereignty while fostering ties with an increasingly assertive Beijing.

China scored a diplomatic victory on Monday when ASEAN dropped any reference to the ruling from a joint statement at the end of the bloc’s foreign ministers’ meeting in the face of resolute objections from Cambodia, China’s closest ASEAN ally.

Kerry, who was due to travel to the Philippines later on Tuesday, said he would encourage Philippine President Rodrigo Duterte to engage in dialogue and negotiations with China when the two meet in Manila on Wednesday.

Duterte has already appointed former President Fidel Ramos to visit Beijing and begin informal talks to resolve the dispute, a Philippine Foreign Ministry official said on Tuesday.

Philippines Foreign Minister Perfecto Yasay told reporters in Vientiane that the dispute was not between China and the United States but between China and the Philippines.

“We would like to pursue bilateral relationships in so far as the peaceful resolution of the dispute is concerned that is between the China and the Philippines. The others are not concerned with that dispute,” Yasay told reporters.

PEACE AND STABILITY

Wang, who met Kerry on the sidelines of the ASEAN gathering in Laos, said on Tuesday he would welcome Ramos’ visit.

The Chinese foreign minister also told his US counterpart that China and ASEAN had agreed the dispute should get back on to the “correct” track of being resolved by direct talks with the parties concerned, according to a foreign ministry statement released on Tuesday.

China “hopes the United States side takes actual steps to support the resumption of talks between China and the Philippines, and supports the efforts of China and ASEAN to maintain regional peace and stability”, Wang said.

Beijing claims sovereignty over most of the South China Sea, through which more than $5 trillion of trade moves annually. Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims.

China has repeatedly blamed the United States for stoking tensions in the region through its military patrols, and of taking sides in the dispute, accusations Washington denies.

In an address to foreign ministers, including Kerry, at the gathering in Vientiane, Wang criticized the United States, Japan and Australia for a joint statement on the issue they released late on Monday.

The statement “continued to hype up the South China Sea issue and play up tensions,” he said. “Now is the time we will test whether you are protectors of peace or agitators.”

Speaking to reporters on a conference call, a senior US administration official said at the end of a visit to China by National Security Adviser Susan Rice that she had emphasized all parties should take steps to reduce tensions and use the ruling to reinvigorate regional diplomacy.

Rice also told Chinese officials, including a top military officer, that US military operations were designed to contribute to peace and stability, including in the South China Sea, the US official said.

“Those operations are lawful, they will continue, they’ve been longstanding, and again they’re designed to impart confidence and stability,” he added.

Kerry had said earlier that China’s dismissal of the international court ruling as “illegitimate” presented a challenge when the international community, including the United States, sees it as legally binding and a matter of law.

“So we still have a task ahead of us … which is to try to work going forward to make sure that we are resolving the issues through diplomacy and the rule of law,” he said.

Admiral John Richardson, the head of US naval operations, said at a news conference in Washington that he would be very concerned if China were to declare an air defense zone over the South China Sea or carry out reclamation activity around the Scarborough Shoal after the international court ruling.

Richardson said he raised the issue with Chinese officials during his visit to China last week.

— Phuket Gazette Editors



Find more SE Asian News courtesy of The Thaiger.

Broke? Find employment in Southeast Asia with JobCute Thailand and SmartJob Indonesia. Rich? Invest in real estate across Asia with FazWaz Property Group or get out on a yacht anywhere with Boatcrowd. Even book medical procedures worldwide with MyMediTravel, all powered by DB Ventures.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tourism

Which flight route makes the most money in the world?

The Thaiger

Published

on

Which flight route makes the most money in the world? | The Thaiger

The world of aviation now has its first billion dollar route. That’s a flight route that makes more money for an airline than any other. And for the first time that route has breached the one billion dollar ceiling – British Airways’ service between London Heathrow and New York’s JFK.

OAG has come up with a list of the routes and airlines that generate the highest revenue around the world.

The Heathrow to JFK route pockets British Airways more than $1.15 billion in the 12 months up to April 2019. With 600+ flights per month, that equates to an hourly revenue of $27,159, a 10% increase on last year’s revenue. British Airways operates the venerable Boeing 747 and Boeing 777-200s on its Heathrow to JFK services.

So where is the second most profitable flight route in the world? QANTAS Airways’ domestic service between the southern cities of Melbourne and Sydney generates more than $861 million a year for Australia’s national airline.

Number 3 and 4 were also flights out of London’s Heathrow – Emirates’ service to Dubai and Singapore Airlines’ route to Singapore Changi. The Heathrow flights to Doha with Qatar Airways was number 7 and Cathay Pacific’s flights to Hong Kong were Number 8.

North American domestic routes also figured in the top 10. United Airlines’ San Francisco to Newark route delivered annual revenue of $689 million dollars and Air Canada’s Vancouver to Toronto route was Number 9 with annual revenue of $541 million dollars.

Highest-revenue flight routes: April 2018 – March 2019

1. British Airways: New York JFK – London Heathrow

(Total revenue: $1,159,126,794 / revenue per hour: $27,159)

2. Qantas Airways: Melbourne – Sydney

(Total revenue: $861,260,322 / revenue per hour: $23,773)

3. Emirates: London Heathrow – Dubai International

(Total revenue: $796,201,645 / revenue per hour: $24,926)

4. Singapore Airlines: London Heathrow – Singapore Changi

(Total revenue: $735,597,614 / revenue per hour: $18,771)

5. United Airlines: San Francisco International – Newark

(Total revenue: $689,371,368 / revenue per hour: $12,882)

6. American Airlines: Los Angeles LAX – New York JFK

(Total revenue: $661,739,788 / Revenue per hour: $13,099)

7. Qatar Airways: London Heathrow – Hamad International

(Total revenue: $639,122,609 / revenue per hour: $20,415)

8. Cathay Pacific Airways: Hong Kong International – London Heathrow

(Total revenue: $604,595,063 / revenue per hour: $13,887)

9. Singapore Airlines: Sydney – Singapore Changi

(Total revenue: $549,711,946 / revenue per hour: $20,821)

10. Air Canada: Vancouver YVR – Toronto Pearson International

(Total revenue: $541,122,509 / revenue per hour: $11,936)

SOURCE: CNN Travel

 

Continue Reading

Business

Asian stock markets follow Wall Street’s lead downward this morning

The Thaiger

Published

on

Asian stock markets follow Wall Street’s lead downward this morning | The Thaiger

Asian stock markets have followed Wall Street’s lead this morning falling sharply as investors made their concerns apparent about economic recessions in some of the larger economies. They also reacted to more threats of instability from the trade war between the US and China.

The Stock Exchange of Thailand (SET) Index dropped 1.6% during this morning’s trading.

US markets led the march downward yesterday, with the Dow Jones closing just over 3% down with the Nasdaq and S&P 500 posting similar falls.

In other markets the Nikkei 225 dropped nearly 2%. In China, the Shenzhen Composite and Shanghai Composite dropped more than 1%, as did the Hang Seng shedding .5%. The reverse was the case in South Korea with the Kospi rising .5%. China’s industrial output grew by only 4.8% year-on-year in July. This growth rate was the lowest in 17 years. (Many other nations would have been delighted to have had a 4.8% growth rate!)

Meanwhile, the German GDP shrank by 0.1% in Q2 2019, raising fears that Europe’s largest economy is heading for recession. On Twitter, US President Donald Trump blamed the Federal Reserve, calling it “clueless” and noting he has repeatedly called for larger interest rate cuts.

Prominent economist and Noble prize laureate Paul Krugman downplayed threats of recession saying that “objectively, the economic problems are nowhere near as serious as 2008, or even 2001.”

“But we’re being led by the gang that couldn’t think straight.”

Krugman blamed Trump and his aides for poor economic policies and said that Fed is unlikely to come and rescue the markets, according to The Nation.

Continue Reading

Business

Don’t mention the ‘R’ word – world’s biggest economies at risk of recession

Tim Newton

Published

on

Don’t mention the ‘R’ word – world’s biggest economies at risk of recession | The Thaiger

CARTOON: Financial Times

Five big economies are at risk of recession – Germany, Italy, Mexico, Brazil and the UK. A recession is usually defined as two consecutive quarters of contraction in an economy. Locally Singapore and Hong Kong are teetering on technical recessions, both vital regional business hubs.

The UK economy shrunk in the second quarter, and growth has flat lined in Italy. Germany’s economy, the world’s fourth largest, contracted in the second quarter.

The causes? A lot of economists say there’s a war of confidence in the markets with background noises of the US-China trade war, the Brexit farce, and a perfect storm of a global manufacturing slump and wounded business sentiment.

A global economic shakiness bordering on mild panic.

China’s towering economy is growing at the slowest pace in nearly three decades as the protracted trade war with the US intensifies sending even more shockwaves around the globe.

Now it’s been announced that the US will impose new taxes on Chinese exports in September and December. With the trade imbalance as it is, the US has more weapons to throw at the trade spat. But China’s resolve and deep commitment to spreading it’s economic wings over the last decade – principally its Belt and Road program – will allow it to absorb a lot of the short-term pain.

Chinese businesses are already well into the process of finding other export options (finalisation of RCEP, the largest trade bloc in the world will be wrapped up by the end of the year) and alternatives to US suppliers for specific parts for local manufacturing.

The International Monetary Fund cut its forecast for global growth this year to 3.2% last month, the weakest rate of expansion in a decade. It also downgraded its expectations for 2020 to 3.5%.

More than a third of asset managers surveyed by Bank of America expect a global recession in the next 12 months and the sentiment in bond markets is for contraction in most economies.

With fears of a chaotic Brexit helping to drag down the German and some European economies, the most pain is being felt in the UK, where the economy is shrinking for the first time since 2012. If the UK PM Boris Johnson does what he says – a ‘no deal’ Brexit on October 31 – a recession would be unavoidable.

In Italy, it’s a very local problem of weak productivity, high youth unemployment, huge debt and political turmoil contributing to its sluggish economy. Mexico and the country’s services sector are under pressure causing a loss of investment, and further south in Brazil, the largest economy in Latin America, weak industrial production, rancorous politics and high unemployment are killing off potential for growth.

Locally, the central banks of India and Thailand have slashed interest rates – in Thailand the effort is to curb its strong currency – and more cuts are expected.

The good news, if there is any, is for local expats and Thai importing anything into the country or travelling overseas. The Thai baht one of the few shining lights in the world economy at the moment.

Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required
วินาทีฮือฮาทั้งประชุมสภา รัฐบาลเสียงปริ่มน้ำ แพ้โหวตฝ่ายค้านครั้งแรก [คลิป] | The Thaiger
ข่าวการเมือง1 week ago

วินาทีฮือฮาทั้งประชุมสภา รัฐบาลเสียงปริ่มน้ำ แพ้โหวตฝ่ายค้านครั้งแรก [คลิป]

4 โมงเย็น ถ่ายทอดสดวอลเลย์บอล U23 ชายแชมป์เอเชีย ไทยพบซาอุฯ | The Thaiger
วอลเลย์บอล2 weeks ago

4 โมงเย็น ถ่ายทอดสดวอลเลย์บอล U23 ชายแชมป์เอเชีย ไทยพบซาอุฯ

18 ก.ค. 5โมงเย็น ถ่ายทอดสดวอลเลย์บอลไทย-ฮ่องกง ชิงแชมป์เอเชียรุ่น U23 | The Thaiger
วอลเลย์บอล1 month ago

18 ก.ค. 5โมงเย็น ถ่ายทอดสดวอลเลย์บอลไทย-ฮ่องกง ชิงแชมป์เอเชียรุ่น U23

“แอน ทองประสม” เล่นทายาก ในวัยเข้าเลข 4 [คลิป] | The Thaiger
ดาราไทย1 month ago

“แอน ทองประสม” เล่นทายาก ในวัยเข้าเลข 4 [คลิป]

18 ก.ค. 5โมงเย็น ถ่ายทอดสดวอลเลย์บอลไทย-ฮ่องกง ชิงแชมป์เอเชียรุ่น U23 | The Thaiger
วอลเลย์บอล1 month ago

18 ก.ค. 5โมงเย็น ถ่ายทอดสดวอลเลย์บอลไทย-ฮ่องกง ชิงแชมป์เอเชียรุ่น U23

คลิปนาทีพลเอกประยุทธ์ให้สัมภาษณ์นักข่าวภาษาอังกฤษ ตอบคล่องปร๋อเรื่องกฎหมาย | The Thaiger
ข่าวการเมือง1 month ago

คลิปนาทีพลเอกประยุทธ์ให้สัมภาษณ์นักข่าวภาษาอังกฤษ ตอบคล่องปร๋อเรื่องกฎหมาย

ฺBlink กรี๊ดคอแตก ลิซ่า Solo คอนเสิร์ตวันแรก BLACKPINK world tour in your area : encore | The Thaiger
BLACKPINK1 month ago

ฺBlink กรี๊ดคอแตก ลิซ่า Solo คอนเสิร์ตวันแรก BLACKPINK world tour in your area : encore

ไฮไลท์ บราซิล-โปแลนด์ วอลเลย์บอล เนชั่นส์ ลีก 2019 รอบสุดท้าย | The Thaiger
วอลเลย์บอล1 month ago

ไฮไลท์ บราซิล-โปแลนด์ วอลเลย์บอล เนชั่นส์ ลีก 2019 รอบสุดท้าย

คลิปย้อนหลัง Miss Grand Thailand 2019 รอบชุดประจำชาติ | The Thaiger
บันเทิง1 month ago

คลิปย้อนหลัง Miss Grand Thailand 2019 รอบชุดประจำชาติ

ถ่ายทอดสดMiss Grand Thailand 2019 รอบชุดประจำชาติ 10 ก.ค. | The Thaiger
บันเทิง1 month ago

ถ่ายทอดสดMiss Grand Thailand 2019 รอบชุดประจำชาติ 10 ก.ค.

ชมไฮไลต์ ‘นุสรา ต้อมคำ’ เซตมือ 1 เนชั่นส์ ลีก 2019 รอบแรก | The Thaiger
วอลเลย์บอล1 month ago

ชมไฮไลต์ ‘นุสรา ต้อมคำ’ เซตมือ 1 เนชั่นส์ ลีก 2019 รอบแรก

6 ก.ค. บ่ายสอง ถ่ายทอดสดตุรกี-บราซิล วอลเลย์บอลเนชั่นส์ ลีกรอบตัดเชือก | The Thaiger
วอลเลย์บอล1 month ago

6 ก.ค. บ่ายสอง ถ่ายทอดสดตุรกี-บราซิล วอลเลย์บอลเนชั่นส์ ลีกรอบตัดเชือก

สูสี! ไฮไลต์บอลโลกหญิงรอบรองฯ คู่ 2 เนเธอร์แลนด์ 1-0 สวีเดน | The Thaiger
ฟุตบอล1 month ago

สูสี! ไฮไลต์บอลโลกหญิงรอบรองฯ คู่ 2 เนเธอร์แลนด์ 1-0 สวีเดน

“คิมซูฮยอน” ปลดประจำการทหารแล้ว ภาพแรกหลังออกจากกองทัพ [คลิป] | The Thaiger
K-Pop2 months ago

“คิมซูฮยอน” ปลดประจำการทหารแล้ว ภาพแรกหลังออกจากกองทัพ [คลิป]

รังสิมันต์ โรมเปิดคลิปนาทีคนร้าย จอดรถมอเตอร์ไซค์ไล่ตีจ่านิว [คลิป] | The Thaiger
ข่าวการเมือง2 months ago

รังสิมันต์ โรมเปิดคลิปนาทีคนร้าย จอดรถมอเตอร์ไซค์ไล่ตีจ่านิว [คลิป]

Trending