News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

Philippines' Marcos vows to thwart interference from outside powers

05/26/2022 | 12:58am EDT
Philippine president-elect Marcos Jr. holds news conference in Mandaluyong City

MANILA (Reuters) - Philippines President-elect Ferdinand Marcos on Thursday promised to prevent any foreign interference in the running of his country, and to defend sovereign territory and stand up to any Chinese encroachment in the South China Sea.

In his strongest comments yet on how he will handle ties with China, Marcos, who takes office on June 30, said he would resist challenges from Beijing and stick to the 2016 ruling of an international arbitration court that made clear the Philippines' economic entitlements.

"There is no wiggle room there. Our sovereignty is sacred. We will not compromise it in any way," Marcos said in an interview with his new press secretary, which was shown on his Facebook page.

"We are a sovereign nation with a functioning government. We do not need to be told by anyone how to run our own country," he said.

"There is no room for negotiation there. It is sacred, inviolable."

Marcos, the son of the dictator ousted by a 1986 people's revolt, said he would not allow any of the archipelago nation's vast coastline or its 200 nautical mile exclusive economic zone to be infringed.

"How do we do this? We talk to China consistently with a firm voice," Marcos said.

The 64-year-old, who swept this month's election with 59% of the vote, is expected to lean towards China and last week promised to elevate and expand their ties to a new level during a phone conversation with President Xi Jinping.

However, a pro-China stance could complicate the close relationship with historic ally the United States, a key source of defence and diplomatic support that has long been popular among Filipinos and the military.

China's embassy in Manila did not immediately respond to a request for comment.

Marcos said his administration would have an independent foreign policy and recognised that international partnerships were key to a stable region.

"Not only economically but geopolitically, as we emerge from the pandemic and the crisis it brought, we have to form alliance and partnerships," he said.

"No country can change the geopolitical situation on their own. And those are the partnerships that will keep things stable."

(Reporting by Neil Jerome Morales, Karen Lema and Enrico dela Cruz; Writing by Martin Petty; Editing by Ed Davies)

By Neil Jerome Morales

© Reuters 2022
Latest news "Economy & Forex"
01:29aEuro bruised as inflation fears send safety-seeking investors to dollar
01:21aRussia's economy in May fell 4.3% year on year
01:16aKazakh cenbank may need to tighten policy further -IMF
01:09aPakistan foreign minister calls for easing sanctions on Afghanistan
01:05aChina stocks set for best month in 2 years on recovery hopes, easing COVID curbs
01:04aEU nears compromise deal to defuse standoff with Russia over Kaliningrad
01:03aPhilippines begins new era of Marcos rule, decades after overthrow
01:01aPhilippines begins new era of Marcos rule, decades after overthrow
01:00aGlobal nuclear power capacity needs to double by 2050 -IEA
12:57aPhilippines President Marcos says food sufficiency urgent issue
Latest news "Economy & Forex"