Philippines to get investments, Abe says
MANILA, Philippines — Japanese Prime Minister Shinzo Abe on Thursday pledged $8.7 billion worth of business opportunities and private investments to the Philippines, whose president has boosted ties with China.
After talks with President Rodrigo Duterte in Manila, Abe welcomed the Philippine leader’s efforts to improve Manila’s ties with Beijing “in light of the arbitral award,” referring to the Philippines’ victory in an arbitration ruling declaring China’s claims to the South China Sea invalid.
China has refused to recognize the July 12 arbitration decision and has warned the United States and other countries not involved in the territorial row not to meddle in the disputes.
Abe, however, said “the issue of the South China Sea is linked directly to regional peace and stability and is a concern to the entire international community.”
Japanese Prime Minister Shinzo Abe (left) and Philippine President Rodrigo Duterte toast during a state banquet Thursday after Abe arrived in Manila for a two-day visit.