Share This

Showing posts with label Southeast Asia. Show all posts
Showing posts with label Southeast Asia. Show all posts

Thursday 24 May 2012

Malaysian GDP grew 4.7% in Q1, 2012

Malaysia's economic growth slowed to 4.7 percent in the first quarter, the government said Wednesday, due to weakening exports sparked by a stuttering global economy and debt woes in Europe.

The slower expansion in the export-dependent Southeast Asian country came after the economy grew at a 5.2 percent clip in the fourth quarter of 2011.

Malaysia is one of the fastest growing developing countries

"Domestic demand remained firm, supported by both private and public sector economic activity, while exports moderated amid weaker external demand," Bank Negara, the central bank, said in a statement.

The bank has projected growth to expand four to five percent this year, slower than the 5.1 percent seen in 2011.

Economists said the slower growth indicated that the economy was "moderating at a better pace than expected" in light of the eurozone crisis.

"One of the headwinds hitting not just Malaysia but also regional economies is the very weak growth in Europe with some countries mired in recession," said Yeah Kim Leng, chief economist with financial research firm RAM Holdings.

"The concern here is of course the slowdown is affecting Asian exports including Malaysia, given its sizeable export sector."

But Yeah said he expected the Malaysian economy to grow at 4.6 percent in 2012, backed by strong domestic demand.

In early May, the central bank kept its key interest rate at 3.0 percent for the sixth time in a row to drive domestic demand.

Inflation was 2.3 percent in the first quarter and is expected to moderate to 2.5-3.0 percent for 2012 amid lower global commodity prices and modest growth in domestic demand.

The central bank said that while the challenging external environment would remain a risk to Malaysia's growth prospects, "domestic demand is expected to remain resilient".

Prime Minister Najib Razak, who must call fresh elections by April 2013 and faces a strengthening opposition, has set a goal of Malaysia becoming a "high-income developed nation" by 2020.

He said last year that annual growth of at least 6.0 percent was needed to achieve that.

Under the plan, Najib aims to double per capita income to 48,000 ringgit ($16,000) by 2020.

The government has promised major infrastructure projects and financial market liberalisation to attract foreign investment and boost growth, but critics say the results have been limited.

Thursday 10 May 2012

Manila provocation blasted; Philippine Newspaper: Huangyan Island belongs to China

Manila provocation blasted
Photo taken on May 9, 2012 shows deep-water drilling rig CNOOC 981 in the South China Sea, south China, May 9, 2012. China's first deep-water drilling rig CNOOC 981 started operations in the South China Sea at 9: 38 am on Wednesday, marking "a substantial step" made by the country's deep-sea oil industry. The sixth-generation semi-submersible CNOOC 981 began drilling in a sea area 320 km southeast of Hong Kong at a water depth of 1,500 meters, according to China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer. Photo: Xinhua

China Wednesday accused the Philippines of instigating demonstrations against Beijing, urging Manila not to further damage bilateral relations by provoking public sentiment over the two sides' spat in the South China Sea.

"We have noted that the Philippine side has repeatedly made strongly worded remarks about the Huangyan Island standoff, which have provoked public feelings and severely undermined the atmosphere of bilateral relations," foreign ministry spokesman Hong Lei said.

"The Philippine side also instigated demonstrations, both inside and outside the country, against China, which have aroused strong responses and concern among Chinese people living around the world," Hong added.

The spokesman said there is no change in China's position on resolving the current tensions through diplomatic efforts, urging Manila to seriously respond to Beijing's concerns and return to the right track.

Loida Nicolas-Lewis, a Filipino-American businesswoman, has called on all Filipinos around the world to mount demonstrations in front of Chinese embassies and consulates at 12 pm on Friday.

According to Reuters, civil society and political groups with links to Philippine President Benigno Aquino III's political allies plan to take to the streets on Friday to "protest the Chinese presence" in waters near Huangyan Island.

The Chinese embassy in Manila has issued a safety alert, advising Chinese nationals to enhance safety awareness, avoid going out and stay away from protesters.

Ctrip.com International Ltd, a leading online travel service provider in China, decided to suspend trips to the Philippines Wednesday, citing safety risks of tours as tensions over Huangyan Island escalate.

A Global Times correspondent in Manila said the Chinese communities there are calm despite Friday's looming protest.

"Issues concerning sovereignty are non-negotiable for China. The Philippines took China's restraint for granted and kept staging provocations," a researcher surnamed Ma with the Southeast Asian Institute of the Guangxi Academy of Social Sciences, said.

"The planned global protest against Chinese embassies has shown Manila's intention to internationalize and complicate the issue. Beijing will lose its patience if Manila doesn't back off," Ma said.

Shen Shishun, a director of the Department for Asia-Pacific Security and Cooperation under the China Institute of International Studies, told the Global Times that stirring public emotions over Huangyan Island is a scheme by Aquino to shift domestic anger away from a gloomy economy.

"The standoff is caused by the Aquino administration. Further development of the matter depends on moves taken by the Philippine government," Shen said.

According to the Philippine Daily Inquirer, the Philippine military reported that the number of Chinese vessels in the waters off Huangyan Island has increased to 33 from 14 last week, while the Philippines has two vessels in the area.

The paper said the Chinese vessels include three big ships, namely fishery law enforcement ship Yuzheng-310 and maritime surveillance ships Haijian-75 and Haijian-81. It said these ships are denying Filipino fishermen access to waters off Huangyan Island.

Also Wednesday, Philippine Defense Secretary Voltaire Gazmin said he had received assurances during talks in Washington last week that the US would protect Manila from attacks in the South China Sea.

Gazmin said US Secretary of State Hillary Clinton and Defense Secretary Leon Panetta stressed they were not taking sides in the dispute, but assured him the US would honor a 1951 mutual defense treaty.

"The Philippines has always wanted Washington to help it in a conflict with China, but the US won't do so due to its own national interests," Shen said, adding that Manila's attempts to bring Washington on board shows its anxiety and fears over the tensions.

Meanwhile, China's quality watchdog Wednesday ordered intensified quarantines on fruit imports from the Philippines.

The General Administration of Quality Supervision, Inspection and Quarantine said harmful insects or bacteria have been found in pineapples, bananas and other fruit imported from Southeast Asia since last year, and Chinese authorities have asked the Philippine side to make improvements.

The Philippine Daily Inquirer quoted Stephen Antig, president of the Pilipino Banana Growers and Exporters Association, as saying that the tighter rules imposed by the biggest buyer of Philippine Cavendish bananas have sent jitters through the local industry.

"The Philippine economy will worsen if China, a major trade partner, reduces the import of agricultural products," Shen said. "Such an import ban will not hurt China because the Philippine products are not irreplaceable."

Xu Tianran and agencies contributed to this story

Related Articles and Posts:

Trust needed for joint oil exploitation 
China is willing to hold talks with the Philippines on joint oil and gas exploitation in the South China Sea if Manila shows due sincerity, the foreign ministry said Wednesday in Beijing.

Peace will be a miracle if provocation lasts
Right now, Manila is keen to stir up the situation with its public opinion showing an overzealous nationalistic tendency, and the current administration is exploiting it to cement its rule. Under the circumstances, the Philippines needs to be taught a lesson for its aggressive nationalism.

Deep-water drilling starts
The nation's first indigenous deep-water drilling rig, the CNOOC 981, will begin operations Wednesday in an area in the South China Sea 320 kilometers southeast of Hong Kong.

Huangyan white paper a needed step
The standoff between China and the Philippines over Huangyan Island is still going on. The Philippines has threatened to internationalize the territorial disputes by bringing international arbitration against China.

South China Sea Conflict

Philippine Newspaper: "Huangyan Island belongs to China"



The Philippine Newspaper "Manila Standard Today" has released an article titled " It belongs to China" written by author Victor N. Arches II.

The Filipino author looks at evidence and international documents, saying that Huangyan Island has been an integral part of China's territory since ancient times. Recounting his motive in writing the article, Arches says he aims to educate the Philippines on the reality of the situation, versus what the Philippines media is promoting. Let’s take a look.

In the article, the author says that Huangyan Island has been a part of China’s territory since ancient times. Chinese fishermen, from both the Mainland and Taiwan, have used the island for many years.
"The Scarborough Shoal, ( Huangyan Island) does belong to China which discovered it and drew it in a map as early as 1279 during the Yuan Dynasty."



The old maps relied upon by the Philippine Department of Foreign Affairs were drawn up only in 1820, 541 years after China's.

'being relied upon by the Philippine Department of Foreign Affairs in its spurious claim on the same territory were drawn up only in 1820, or 541 years after China’s."

Arches said China organized many scientific expeditions around the island in the late 1970s. In 1980, a stone marker marks China’s scientific expedition was installed by China on the South Rock. However, the Philippines removed it without authority in 1997.

" In the late 1970s, China organized many scientific expeditions in the Shoal and around that area. In fact, in 1980, a stone marker reading “South China Sea Scientific Expedition” was installed by China on the South Rock."

"This Chinese marker was removed, without authority, by the Philippines in 1997. "

He adds that all official maps published by the Philippines until the 1990 excluded Huangyan Island from its territorial boundaries. But an act approved by the Philippine government in 1961 stopped the Philippines from the claim.

"All official maps published by the Philippines until the 1990s excluded both the Spratlys and Scarborough Shoal (Huangyan Island) from its territorial boundaries."

"Republic Act No. 3046, passed by our Congress and approved in 1961, stopped us from our claim."
China holds three international treaties in support of its claim over the territories in question... all limiting Philippine territorial limits to the 118th degree meridian of longitude east of Greenwich.

"1898 Treaty of Paris between the US and Spain, the 1900 Treaty of Washington between Spain and the US, and the 1930 Treaty between Great Britain and the US, all limiting Philippine territorial limits to the 118th degree meridian of longitude east of Greenwich. "

Arches say the basis of the Philippine claim is restricted to proximity, relying solely on the 1982 United Nations Convention on the Law of the Sea. He said that even if it were considered a "law", it cannot be made to take effect retroactively.

"On the other hand, the basis of the Philippine claim is restricted to proximity, relying solely on the 1982 United Nations Convention on the Law of the Sea."

Arches believed there is no need to internationalize the Huangyan Island issue.

He said ASEAN is remaining neutral on the dispute and the US has also declared it will not take sides.

Related stories/post

Wednesday 18 April 2012

Philippine Group Protests US-Filipino War Games!


Maritime claims in the South China Sea
Maritime claims in the South China Sea (Photo credit: Wikipedia)

U.S. Plays Philippines War Games | ASEAN Beat.

Fresh from a standoff with the Chinese in the South China Sea, the Philippine government is trying to figure out how to incorporate the US in its defensive shield.

Meanwhile, the Philippine left is playing games:
Renato Reyes of the leftist group Bayan summarized the opposition to the entry of U.S. soldiers in the Philippines: “The U.S. wants it known that it is still top dog in this region, to the great dismay of many peace-loving peoples in Southeast Asia. We do not want our country to be used as a U.S. outpost and playground. We are not a laboratory for U.S. drone wars. We do not want the U.S. meddling in our internal conflicts and regional issues. We do not want the Philippines acting like the U.S. troops’ doormat in the region. We do not want U.S. troops using our country as their Rest and Recreation destination of choice.”
We’ll see what tune Mr. Reyes is playing when Luzon becomes the 32nd province of China. Or maybe he’s already cut a deal with his future overlords?

Sources: The Pacific Bull Moose 

Related posts/articles:

Tensions in South China Sea: US and Philippines Naval drills, students attack US embassy

Friday 18 November 2011

U.S., China set to face off at summit over sea dispute

U.S. President Barack Obama (R) meets with China's Premier Wen Jiabao on the sidelines of the East Asia Summit in Nusa Dua, Bali, November 19, 2011.  REUTERS/Jason Reed

NUSA DUA, Indonesia | Fri Nov 18, 2011 9:37pm EST

(Reuters) - The United States and China are set to face off on Saturday at a regional summit over the thorny issue of how to resolve competing claims to sovereignty of the South China Sea, the latest point of friction between the two powerful nations.

Chinese Premier Wen Jiabao insisted on Friday that "outside forces" had no excuse to get involved in the complex maritime dispute, a veiled warning to the United States and other countries to keep out of the sensitive issue.

Vietnam, the Philippines, Taiwan, Malaysia and Brunei all have claims to parts of the South China Sea, a major route for some $5 trillion in trade each year and potentially rich in resources. China claims large parts of the maritime region.

The Southeast Asian countries along with the United States and Japan are pressuring Beijing to try to seek some way forward on the knotty issue of sovereignty, which flared up again this year with often tense maritime stand-offs that an Australian think tank said could lead to conflict.

China wants to hold bilateral talks with other countries that claims parts of the South China Sea as their territory, but the Southeast Asian claimants, the United States and Japan are pushing for a multilateral approach.



"It ought to be resolved through friendly consultations and discussions by countries directly involved. Outside forces should not, under any pretext, get involved," Wen told a meeting with Southeast Asian leaders on Friday, several of whose countries claim sovereignty to parts of the South China Sea.

Wen's comments were carried on the Chinese Foreign Ministry's website (www.mfa.gov.cn).

Obama has been more low key as far as public comments are concerned. He told the leaders of India, the Philippines, Indonesia and Malaysia in bilateral meetings that the East Asia Summit, which draws together Southeast Asian nations and eight dialogue partners, was the right arena to discuss maritime disputes.

U.S. Deputy National Security adviser for strategic communications, Ben Rhodes, said earlier this week that "in the discussion about maritime security, the South China Sea will clearly be a concern."

Obama and Wen plan to meet on the sidelines of the summit before the leaders start their formal meeting.

INFLUENCE

Their exchanges are the latest barbs between the two countries in recent weeks as Obama has sought to reassert U.S. presence in the Asia-Pacific to counter the growing clout of the world's second-largest economy, China.

Obama said in Australia on Thursday, on his last stop before jetting to the Asia meetings in neighboring Indonesia, that the U.S. military would expand its Asia-Pacific role, declaring America was "here to stay" as a Pacific power.

Days earlier, as host of the Asia Pacific Economic Co-Operation forum in Hawaii, Obama had voiced growing frustration at China's trade practices and he pushed for a new Asia-Pacific trade deal with some of Beijing's neighbors.

The moves are seen as an attempt to reassert U.S. leadership in the face of China's rising influence around the Pacific Rim and reassure allies such as South Korea and Japan that it would remain a strong counterweight.

Obama also announced on Friday that he would send Secretary of States Hillary Clinton next month to Myanmar, which has drawn closer to China in reaction to Western sanctions, the first such trip to the isolated country in half a century.

That will add to some fears in Beijing of encirclement in the Asia Pacific as the United States increases its footprint in the region.

CLAIMS

China's claims over the South China Sea is by far the largest, forming a U-shape over most of the sea's 648,000 square miles (1.7 million square kms), including the Spratly and Paracel archipelagos.

The United States has irked China by declaring a national interest at stake in the South China Sea by ensuring the freedom of navigation and trade.

Estimates of proven and undiscovered oil reserves in the South China Sea range from 28 billion barrels of oil to as high as 213 billion barrels, U.S. figures showed in 2008. Gas deposits could be as high as 3.8 trillion cubic meters.

Both could supply China with energy for decades.

The Philippines has called for greater unity among Southeast Asian nations with claims in their stand against China. A strong position from the United States in support of open talks could embolden such unity.

(Writing by Neil Fullick) 
Newscribe : get free news in real time

China cautions 'outside forces' on sea issue



Wen Jiabao sounds warning against interference in dispute with neighbours over potentially oil-rich South China Sea.

 Wen wants any dispute over the South China Sea to be resolved by the countries that are affected [EPA]

Wen Jiabao, the Chinese premier, has said "outside forces" had no excuse to get involved in a complex dispute over the South China Sea.

Wen, who spoke on Friday at the Association of Southeast Asian Nations (ASEAN) summit on the Indonesian resort island of Bali, gave a veiled warning to the US and others not to interfere in the sensitive issue.

But he also struck a softer line during the ASEAN summit by offering loans and saying China only wanted to be friends.

China already claim a large swathe of the South China Sea, which straddles key shipping lanes and is potentially rich in energy resources.

Vietnam, the Philippines, Taiwan, Malaysia and Brunei are the other claimants to parts of the sea, and along with the US and Japan, are pressuring China to try and seek some way forward on the knotty issue of sovereignty, which has flared up again this year with often tense maritime confrontations.



The Chinese news agency reported Wen as saying "the dispute which exists among relevant countries in this region over the South China Sea is an issue which has built up for several years".

"It ought to be resolved through friendly consultations and discussions by countries directly involved. Outside forces should not, under any pretext, get involved," he said.

Concerns expressed

Japan has also expressed concern over the dispute, and India has become involved via an oil-exploration deal with Vietnam in the South China Sea.

Marty Natalegawa, the Indonesian foreign minister, said that China had sent positive signals about further discussing  the code of conduct for the waters.

"I think this is an important development," Natalegawa said.

China has offered loans of id=mce_marker0bn on top of a pledge of  id=mce_marker5bn in loans made two years ago [AFP]
In July, China and Southeast Asian countries agreed on a preliminary set of guidelines in the South China Sea, a rare sign of co-operation in a row that has plagued relations in the region for years.

The White House has said President Barack Obama, who is also in Bali, will bring up the issue at the summit.
China has said it does not want it discussed, preferring to deal with the problem bilaterally amongst the states directly involved.

Beijing accuses the US of trying to consolidate its own position in Southeast Asia.

Obama has agreed to to deploy up to 2,500 troops and boost air force co-operation with Australia.

China sees US action as a deliberate ploy to counterbalance the rise of China as an economic and military in the region.

Despite the disagreements over the South China Sea, China has been keen to deepen trade and economic ties with Southeast Asia, and has a free trade agreement with the bloc.

"The China-ASEAN relationship is solidly based and has great potential and a promising future," Wen said in his speech.

To this end, Wen said China would offer $10bn in loans, on top of a pledge $15bn of loans made  two years ago.

China will also set up a $473 million fund to expand practical maritime co-operation by promoting cooperation in environmental protection, navigational safety and combating transnational crimes.

Source:
Agencies

  Newscribe : get free news in real time