Marcos meets Chinese FM as Beijing seeks ‘new era’ in ties with Manila

Philippine President Ferdinand Marcos Jr., right, greets Chinese Foreign Minister Wang Yi at the Malacanang Presidential Palace in Manila on Wednesday. (AFP)
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Updated 06 July 2022
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Marcos meets Chinese FM as Beijing seeks ‘new era’ in ties with Manila

  • Wang Yi first top foreign official to visit Manila since new president took office

MANILA: New Philippine President Ferdinand Marcos Jr. on Wednesday met China’s foreign minister who arrived in Manila to seek a “new golden era” in bilateral ties at a time when Beijing’s rival, the US, was also trying to boost its influence in the region.

Marcos Jr., the son and namesake of the late Philippine dictator, scored a landslide victory in May’s presidential election and was sworn in on June 30, vowing to open a new chapter in the country’s history and stating that his administration would pursue an independent foreign policy.

Wang Yi is the first top foreign official to make a working trip to Manila since the new president took office.

The meeting was held behind closed doors and Marcos only commented on Twitter that Wang had delivered to him a message of support from Chinese President Xi Jinping.

“We also discussed agriculture, infrastructure, energy, and our commitment to maintaining the strong relationship between our peoples in the coming years,” he said.

Prior to the meeting with Marcos, Wang told his Philippine counterpart, Foreign Affairs Secretary Enrique Manalo, that Beijing was ready to work with Manila to “open up a new golden era for the bilateral relationship.”

“With President Marcos being elected, the China-Philippine relationship has turned a new page. We highly appreciate President Marcos’ recent commitment to pursuing a friendly policy toward China,” he said, as quoted by the Philippine Department of Foreign Affairs.

Despite an ongoing dispute over the South China Sea — a strategic waterway claimed by China almost in its entirety, with overlapping claims by other regional countries, including the Philippines — Marcos’ immediate predecessor, Rodrigo Duterte, embraced a Beijing-friendly direction, partly in attempts to distance the Philippines from the US, its key defense ally and former colonial master.

During his presidential campaign, Marcos committed to continuing the warm relations ushered in by Duterte, but not at the expense of sovereignty. He also said he would seek to tighten ties with Washington.

US President Joe Biden was one of the first world leaders to call Marcos and congratulate him on the victory in last month’s poll, even before the results were officially announced.

During the call on May 12, Marcos invited Biden to attend his inauguration to “further fortify the relationship of the two countries.” But when Marcos was sworn in, the highest US dignitary in attendance was Vice President Kamala Harris’ husband, Doug Emhoff. At the same time, China sent its Vice President Wang Qishan.

As the Philippine economy is in post-pandemic recovery mode, Marcos has a tricky balancing act in boosting business ties with China while maintaining the US alliance anchored on a decades-old defense treaty that is seen as a bulwark against China’s growing influence in the region.

Victor Andres Manhit, president of Stratbase ADR Institute, a research consultancy firm in Manila, told Arab News there was “nothing wrong” in pursuing a friendly policy toward China, “as long as it serves the Philippine national interest for greater trade and investment that will generate or contribute to an investment and job-generating growth trajectory for the Philippines.”

China’s envoy to Manila, Huang Xillan, said in a statement after Marcos’ meeting with Wang that it was a “new era of China-Philippine friendship.”

“I hope the visit deepens China-Philippines relations and fortifies our practical cooperation in many avenues, such as the Belt and Road Initiative and the Comprehensive Infrastructure Plan,” he said. “I look forward to more in-depth exchanges on bilateral relations, new avenues of cooperation, and more productive results with the visit.”


More records found linking Credit Suisse, Nazi accounts: US panel

Updated 8 sec ago
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More records found linking Credit Suisse, Nazi accounts: US panel

  • US Senate Budget Committee says Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during World War II
  • Credit Suisse, now a subsidiary of investment bank UBS, agreed in 1998 to take part in a $1.25 billion settlement of lawsuits brought by Holocaust survivors

WASHINGTON: An investigation by a US Senate panel has found that troubled investment bank Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during World War II.
Tens of thousands of documents discovered during an ongoing examination have provided new proof of the existence of account holders linked to the Nazis, the Senate Budget Committee said in a statement released Saturday.
The bank did not reveal the existence of these accounts during previous investigations, notably in the 1990s, the committee said.
Credit Suisse, now a subsidiary of investment bank UBS, agreed in 1998 to take part in a $1.25 billion settlement of lawsuits brought by Holocaust survivors, but it has been accused of not being completely open about its past dealings with Nazis.
The Senate committee said Saturday that one set of newly discovered files, including 3,600 physical documents and 40,000 microfilms, was found to have a “high relevance rate” of Nazi connections.
It said the revelations stem from an interim report by former prosecutor Neil Barofsky, who was fired as an “independent ombudsperson” by the bank in 2022 after being pressed to limit his investigative work.
Barofsky was reinstated in the role in 2023 “as a result of the Committee’s investigation,” and after UBS’s takeover of Credit Suisse.
In a letter to the panel released Saturday, Barofsky noted the “extraordinary level of cooperation that Credit Suisse, under the leadership of UBS, has provided” since he rejoined the company.
But he said Credit Suisse had yet to share all the information it held.
The Barofsky team has discovered, among other things, accounts controlled by high-ranking SS officers, the Wall Street Journal reported.
In his letter, Barofsky highlighted “especially noteworthy” discoveries from a Credit Suisse research department.
“Numerous client files in the sample are marked with a stamp stating ‘Amerikanische schwarze Liste’ — meaning ‘American Black List’ — a list maintained by the Allies of individuals and companies that were directly financed by, or were known to regularly trade with, Axis powers,” he wrote.
“One file bearing this stamp relates to an entity that was involved in selling looted Jewish assets.”
Contacted by AFP, UBS said it was committed to providing a complete record of the former Nazi-linked accounts in Credit Suisse’s predecessor banks.
It said it would provide Barofsky with all necessary assistance in his work to shed light “on this tragic period.”
The Senate panel’s investigation is continuing.
 


End of Ukraine gas transit deal plunges Moldova’s pro-Russian region into crisis

Updated 35 min 36 sec ago
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End of Ukraine gas transit deal plunges Moldova’s pro-Russian region into crisis

  • Kyiv refuses to renew the deal, leaving the breakaway region of Transdniestria without gas
  • With longer rolling blackouts, residents are left without heating, hot water

KYIV: The pro-Russian breakaway Moldovan region of Transdniestria, left without Russian gas supplies no longer transiting through neighboring Ukraine, faced longer periods of rolling power cuts on Saturday, local authorities said.
Flows of Russian gas via Ukraine to central and eastern Europe stopped on New Year’s Day after a transit deal expired between the warring countries and Kyiv refused to extend it.
Transdniestria, a mainly Russian-speaking enclave which has lived side-by-side with Moldova since breaking away from it in the last days of Soviet rule, received gas from Russian giant Gazprom through the pipeline crossing Ukraine.
The gas was used to operate a thermal plant which provided electricity locally and for much of Moldova under the control of the pro-European central government.
The region’s self-styled president, Vadim Krasnoselsky, writing on the Telegram messaging app, said rolling power cuts in various districts would be extended to four hours on Sunday.
Hour-long cuts were first imposed on Friday evening after heating and hot water supplies were curtailed. The cuts were then extended to three hours on Saturday.
“Yesterday’s introduction of rolling cuts was a test. And it confirmed that an hour-long break to keep the electrical supply system operating was insufficient,” Krasnoselsky wrote. “The power generated is not covering sharply rising demand.”
All industries except those producing food have been shut down. The official Telegram news channel of the region’s separatist authorities announced the official closure on Saturday of a steel mill and bakery in the town of Rybnitsa.
Regional officials announced new measures to help residents, especially the elderly, and warned that overnight temperatures would fall to -10 Celsius (+14 Fahrenheit). Residents were told not to put strain on the region’s mobile phone network.

Using firewood
The news channel warned against using heaters in disrepair after two residents died of carbon monoxide poisoning from a stove. Online pictures showed servicemen loading up trucks with firewood for distribution.
“Don’t put off gathering in firewood,” Krasnoselsky told residents. “It is better to ensure your supply in advance, especially since the weather is favorable so far.”
Moldova’s government blames Russia for the crisis and has called on Gazprom to ship gas through the Turkstream pipeline and then through Bulgaria and Romania.
Russia denies using gas as a weapon to coerce Moldova, and blames Kyiv for refusing to renew the gas transit deal.
The Transdniestria power cuts are a problem for Moldova particularly because the enclave is home to a power plant which provides most of the power for government-controlled areas of Moldova at a fixed and low price.
Prime Minister Dorin Recean said on Friday his country faced a security crisis after Transdniestria imposed the rolling blackouts, but he also said the Chisinau government had prepared alternative arrangements, with a mixture of domestic production and electricity imports from Romania.
Even before the halt of supplies via Ukraine, Gazprom had said it would suspend exports to Moldova on Jan. 1 because of what Russia says are unpaid Moldovan debts of $709 million. Moldova disputes that and put the figure at $8.6 million.


Mali’s army claims arrest of Daesh group leader

Updated 05 January 2025
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Mali’s army claims arrest of Daesh group leader

BAMAKO: Mali’s army said Saturday its forces had arrested two men, one of them a leading figure in the Sahel branch of the Daesh group.
The army announced they had also killed several of the group’s fighters during an operation in the north of the country.
A statement from the army said they had arrested “Mahamad Ould Erkehile alias Abu Rakia,” as well as “Abu Hash,” who they said was a leading figure in the group.
They blamed him for coordinating atrocities against people in the Menaka and Gao regions in the northeast of the country, as well as attacks against the army.
Mali has faced profound unrest since 2012 linked both to militants associated with Al-Qaeda and the Daesh group, and to local criminal gangs.
The country’s military rulers have broken ties with former colonial power France and turned, militarily and politically, to Russia.
 


Iran protests Afghan dam project in new water dispute

Updated 04 January 2025
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Iran protests Afghan dam project in new water dispute

  • The dam in Herat province will store approximately 54 million cubic meters of water, irrigate 13,000 hectares of agricultural land and generate two megawatts of electricity

TEHRAN: Iran’s foreign ministry said on Friday that an upstream dam being built by neighboring Afghanistan on the Harirud River restricts water flow and could be in violation of bilateral treaties.
Water rights have long been a source of friction in ties between the two countries, which share a more than 900-kilometer (560-mile) border.
Esmaeil Baqaei, spokesman for Tehran’s foreign ministry, voiced on Friday “strong protest and concern over the disproportionate restriction of water entering Iran” due to the Pashdan Dam project.
He said in a statement that the Iranian concerns had been communicated “in contact with relevant Afghan authorities.”
“Exploitation of water resources and basins cannot be carried out without respecting Iran’s rights in accordance with bilateral treaties or applicable customary principles and rules, as well as the important principle of good neighborliness and environmental considerations,” Baqaei added.
Abdul Ghani Baradar, Afghanistan’s deputy prime minister for economic affairs, said in a video statement last month that the Pashdan project was “nearing completion and water storage has commenced.”
According to the video, the dam in Herat province will store approximately 54 million cubic meters of water, irrigate 13,000 hectares of agricultural land and generate two megawatts of electricity.
In April, Baradar said the dam was a “vital and strategic project” for Herat province.
The foreign ministry statement on Friday follows remarks by an Iranian water official, similarly criticizing the dam construction.
“The situation has led to social and environmental issues, particularly affecting the drinking water supply for the holy city of Mashhad,” Iran’s second-largest and home to a revered Shiite Muslim shrine near the Afghan border, national water industry spokesman Issa Bozorgzadeh was quoted as saying on Monday by official news agency IRNA.
Harirud River, also known as Hari and Tejen, flows from the mountains of central Afghanistan to Turkmenistan, passing along Iran’s borders with both countries.
In his statement, Baqaei said Iran expects “Afghanistan... to cooperate in continuing the flow of water from border rivers” and to “remove the obstacles created” along their path.
In May 2023, Iran issued a stern warning to Afghan officials over another dam project, on the Helmand River, saying that it violates the water rights of residents of Sistan-Baluchistan, a drought-hit province in southeastern Iran.


Series of Ethiopia earthquakes trigger evacuations

Updated 04 January 2025
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Series of Ethiopia earthquakes trigger evacuations

  • The earthquakes have damaged houses and threatened to trigger a volcanic eruption of the previously dormant Mount Dofan, near Segento in the northeast Afar region

ADDIS ABABA: Evacuations were underway in Ethiopia Saturday after a series of earthquakes, the strongest of which, a 5.8-magnitude jolt, rocked the remote north of the Horn of Africa nation.
The quakes were centered on the largely rural Afar, Oromia and Amhara regions after months of intense seismic activity.
No casualties have been reported so far.
Ethiopia’s government Communication Service said around 80,000 people were living in the affected regions and the most vulnerable were being moved to temporary shelters.
“The earthquakes are increasing in terms of magnitude and recurrences,” it said in a statement, adding that experts had been dispatched to assess the damage.
The Ethiopian Disaster Risk Management Commission said 20,573 people had been evacuated to safer areas in Afar and Oromia, from a tally of over 51,000 “vulnerable” people.
Plans were underway to move more than 8,000 people in Oromia “in the coming days,” the agency said in a statement.
The latest shallow 4.7 magnitude quake hit just before 12:40 p.m. (0940 GMT) about 33 kilometers north of Metehara town in Oromia, according to the European-Mediterranean Seismological Center.
The earthquakes have damaged houses and threatened to trigger a volcanic eruption of the previously dormant Mount Dofan, near Segento in the northeast Afar region.
The crater has stopped releasing plumes of smoke, but nearby residents have left their homes in panic.
Earthquakes are common in Ethiopia due to its location along the Great Rift Valley, one of the world’s most seismically active areas.
Experts have said the tremors and eruptions are being caused by the expansion of tectonic plates under the Great Rift Valley.