MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Joint Naval Drills w/US, Japan & Aus In South China Sea On 7 Apr

PHILIPPINES
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskBank of Japan (BOJ) Market NewsPolitical Risk BulletBulletEmerging Market News

(MNI) London - Japan's Kyodo News reporting that according to its sources, the navies of the US, Australia, Japan and the Philippines are set to engage in the first full-scale maritime exercises involving all four countries, including joint anti-submarine drills, in the South China Sea on 7 April. The drills, taking place off of the Philippine coast, are intended to come as a show of solidarity with Manila.

  • Philippine President Ferdinand 'Bongbong' Marcos Jr. recently signed an orderinstructing the gov't to bolster the country's military in an effort to deal with "a range of serious challenges". The order does not mention an country in particular, but the Philippines' ongoing rivalry with China over demarcation of borders in the South China Sea has escalated in recent weeks. Reuters: "The latest flare-up occurred last weekend, when China used water cannon to disrupt a Philippine resupply mission to the Second Thomas Shoal for soldiers guarding a warship intentionally grounded on a reef 25 years ago."
  • The holding of joint naval drills comes as the US is attempting to bolster its relations with friendly nations in the region. While Australia and Japan are longtime close allies of Washington, holding joint drills with the Philippines indicates if not a full shift in Manila's stance then at least an indication of intent.
  • Under previous President Rodrigo Duterte, the US-Philippine relations were not as close, especially on the military front.
233 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) London - Japan's Kyodo News reporting that according to its sources, the navies of the US, Australia, Japan and the Philippines are set to engage in the first full-scale maritime exercises involving all four countries, including joint anti-submarine drills, in the South China Sea on 7 April. The drills, taking place off of the Philippine coast, are intended to come as a show of solidarity with Manila.

  • Philippine President Ferdinand 'Bongbong' Marcos Jr. recently signed an orderinstructing the gov't to bolster the country's military in an effort to deal with "a range of serious challenges". The order does not mention an country in particular, but the Philippines' ongoing rivalry with China over demarcation of borders in the South China Sea has escalated in recent weeks. Reuters: "The latest flare-up occurred last weekend, when China used water cannon to disrupt a Philippine resupply mission to the Second Thomas Shoal for soldiers guarding a warship intentionally grounded on a reef 25 years ago."
  • The holding of joint naval drills comes as the US is attempting to bolster its relations with friendly nations in the region. While Australia and Japan are longtime close allies of Washington, holding joint drills with the Philippines indicates if not a full shift in Manila's stance then at least an indication of intent.
  • Under previous President Rodrigo Duterte, the US-Philippine relations were not as close, especially on the military front.