AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

imageJAKARTA/MANILA: Indonesia said on Friday a halt on coal shipments to the Philippines will remain in place until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions.

Philippine authorities could not immediately confirm the hostage-taking but said a Filipino woman held since September was freed on Friday by Abu Sayyaf, an Islamist militant group that has amassed tens of millions of dollars from kidnappings for ransom.

It was unclear whether the sailors were taken by Abu Sayaff, which has beheaded two Canadian nationals in recent weeks after ransom deadlines passed. The group is still holding men from Japan, the Netherlands and Norway.

Indonesia is concerned that piracy in the Sulu Sea area, a major sea traffic corridor for the world's top thermal coal exporter, could reach levels previously seen in Somalia.

"The moratorium on coal exports to the Philippines will be extended until there is a guarantee for security from the Philippines government," Indonesian Foreign Minister Retno Marsudi told reporters.

Indonesia supplies 70 percent of the Philippines' coal import needs, which Indonesian data shows stood at about 15 million tonnes, worth around $800 million, last year. Analysts say $40 billion worth of cargo passes through the Sulu Sea area a year, including supertankers from the Indian Ocean that cannot use the crowded Malacca Strait.

Marsudi said earlier the seven Indonesians were kidnapped by two different armed groups in attacks on a tugboat towing a coal-carrying barge and that the government would "try all options to free the hostages". Fourteen Indonesians were abducted in two separate assaults on tugboats in March and April but were freed in May.

In April, the Indonesian navy instructed all commercial vessels to avoid piracy-prone waters near the southern Philippines.

Filipino captive Marites Flor, abducted from an upscale resort in September along with Canadian Robert Hall, was freed at dawn on Friday on Jolo, an army spokesman said. Hall was beheaded on June 13.

In Davao City, President-elect Rodrigo Duterte said they were "able to negotiate" for the release of two captives, a Norwegian man and Filipino woman.

"The kidnapped Norwegian could not get out yet because he could not cross because of the rough seas," Duterte said, adding "there will be time that I will have to confront the Abu Sayyaf".

Alarmed at the frequency of attacks, port authorities in some areas of Indonesia, particularly Kalimantan on Borneo, have stopped issuing permits to ships taking coal to the southern Philippines.

Copyright Reuters, 2016

Comments

Comments are closed.