Supreme Court Associate Justice Antonio Carpio said the Philippines is at a disadvantage over the Chico River deal with China.
Carpio said that looking closely at the contract’s provision, China can seize Reed bank’s oil and natural gas if the country is unable to pay its loans.
In addition to this, China’s policies will be followed and China’s International Economic and Trade Arbitration Commission will also resolve any conflict about the contract.
Based on the document, the conditions on the contract will remain confidential unless it is needed to be put in public.
With this, Carpio reiterated that the Philippines will have the short end of the deal.
However, according to former presidential spokesperson and international law expert Atty. Harry Roque, Reed bank cannot be used as a collateral especially when the Philippines still hasn’t benefited from it.
“Inaasahan natin na mayroon nang natural gas at langis pero habang wala pa tayong nakukuhang kahit ano diyan, walang kahit sinong tatanggap diyan bilang collateral. So sa akin may pagkakaiba iyong propaganda para manira doon sa mabuting samahan ng Pilipinas at Tsina at iyong katotohanan (We expect that there is natural gas and oil but until we have not gotten anything from it no one will accept it as a collateral. So for me, there is a difference in the propaganda to tarnish the relation of the Philippines and China and the truth),” Roque said.
Meanwhile, constitutional law expert Prof. Tony La Viña said President Rodrigo Duterte can be impeached if he will allow the country’s natural resources as collateral in Chinese loans.
“Of course, it’s a culpable violation of the Constitution and it’s also a betrayal of public trust. But you have to have the numbers. So impeachment is a political thing. It’s a political instrument,” he said.
In Carpio’s presentation, China can also take the patrimonial assets of the Philippines like fuel and oil as loan payments.
Meanwhile, several communities to be affected by the Chico River deal worry that the deal will affect their ancestral domains.
“They did not even consult the community or the majority of the natives of Kalinga, especially the affected communities,” Rogyn Beyao said of Cordillera People’s Alliance.—Aileen Cerrudo (with reports from Mai Bermudez)
President Donald Trump, hardening his stance on China as he struggles to contain the coronavirus, said on Tuesday (July 14) that he signed a legislation and an executive order to hold China accountable for the “oppressive” national security law it imposed on Hong Kong.
Acting on a Tuesday deadline, Trump signed a bill approved by the U.S. Congress to penalize banks doing business with Chinese officials who implement Beijing’s new national security law in Hong Kong.
He said he also signed an executive order aimed at further punishing China for what he called its “oppressive actions” against Hong Kong.
It will end the preferential economic treatment Hong Kong has received for years – “no special privileges, no special economic treatment and no export of sensitive technologies,” Trump told a news conference.
“Hong Kong will now be treated the same as mainland China,” he said.
Taken together, the actions represented a further plunging of U.S. relations with China already strained over the global pandemic, China’s military buildup in the South China Sea, its treatment of Uighur Muslims and massive trade surpluses.
According to a White House fact sheet, the executive order includes revoking special treatment for Hong Kong passport holders.
The former British colony was returned to Chinese rule in 1997 with a law protecting freedoms of speech, assembly and the press until 2047.
The legislation Trump signed calls for sanctions on Chinese officials and others who help violate Hong Kong’s autonomy, and financial institutions that do business with those found to have participated in any crackdown on the city. (Reuters)
China firmly opposes and strongly condemns the U.S. move of signing the so-called “Hong Kong Autonomy Act” into law, said a statement released on the foreign ministry’s website Wednesday.
The U.S. vicious move of slandering the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (HKSAR) and imposing sanctions has violated the international law and the basic norms governing international relations and is a gross interference in Hong Kong affairs and China’s internal affairs.
China firmly opposes and strongly condemns it, said the statement.
The enactment and implementation of the Law is completely in compliance with China’s Constitution and the Basic Law, ensuring sustained and steady progress of the principle of “one country, two systems” as an institutional and legal guarantee. It can safeguard China’s national sovereignty, safety and interests, as well as long-term prosperity and stability of Hong Kong, therefore the law has been endorsed and supported by all Chinese people including our compatriots from Hong Kong, said the statement.
Hong Kong is China’s special administrative region and its affairs are entirely China’s internal affairs. No foreign country has the right to interfere.
China will make necessary responses to protect its legitimate interests, and impose sanctions on relevant personnel and entities of the United States, said the statement.
The U.S. vicious move of signing the so-called “Hong Kong Autonomy Act” into law will lead nowhere, said the statement.
To safeguard China’s legitimate interests, the Chinese side has made necessary response and sanctioned relevant U.S. personnel and entities.
The statement pointed out that China urged the U.S. side to correct its mistake as soon as possible, stop its move of signing the so-called act into law and interfering in China’s internal affairs, including Hong Kong affairs.
China will definitely give a firm response if the United States clings obstinately to the wrong course, said the statement. (Reuters)
Japan’s annual defense review accuses China of pushing its territorial claims amid the coronavirus pandemic and suspects Beijing of spreading propaganda and disinformation as it provides medical aid to nations fighting COVID-19.
“We’ve written some details about China’s persistent moves to attempt to alter the status quo surrounding the Senkaku Islands which is our territory,” said Japanese Defence Minister Taro Kono on Tuesday (July 14).
The white paper approved by Prime Minister Shinzo Abe’s government on Tuesday described “relentless” intrusions in waters around a group of islets claimed by both nations in the East China Sea, known as the Senkaku in Japan and the Diaoyu in China.
In the South China Sea, it said Beijing was asserting territorial claims by establishing administrative districts around disputed islands, that forced countries distracted by the coronavirus outbreak to respond.
Japan sees China as a longer-term and more serious threat than nuclear-armed North Korea. Beijing now spends four times as much as Tokyo on defence as it builds a large modern military. (Reuters)
UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.