Duterte told to seize China assets for reef damage in waterway
Excerpt
The Philippines should seize China-owned assets in the country as payment for reef damage caused by its island-building activities in the South China Sea, a former top diplomat said on Monday. “Philippine authorities have the right to seize assets and properties owned by the Chinese state here in the Philippines to satisfy Chinese debt to the Filipino people,” former Foreign Affairs Secretary Albert F. del Rosario said at an online forum. Among these assets are China’s shares in the National Grid Corp. of the Philippines (NGCP) and DITO Telecommunity Corp.
Citation
Tadalan, C. A. (2020, June 9). Duterte told to seize China assets for reef damage in waterway. BusinessWorld, p. S1/10.
Associated content
Online versionSubject
Disputes; Reefs; Territorial waters; Exclusive economic zone; National Grid Corp. of the Philippines (NGCP); DITO Telecommunity Corp.; China Telecommunications Corp.; State Grid Corp.; Udenna Corp.; Chelsea Logistics and Infrastructure Holdings Corp.; Duterte, Rodrigo; del Rosario, Albert; Hontiveros, Risa N.
Collections
- BusinessWorld [652]