Trends - South China Sea - Business Recorder

South China Sea

Indonesia approves $3bn development plan for South China Sea gas block

JAKARTA: Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated...

Published 09 Jan, 2023 07:34am

Markets

China ready to resume oil and gas talks with the Philippines, says Xi

BEIJING/MANILA: China is ready to resume oil and gas talks and manage maritime issues “cordially” with the...

Published 05 Jan, 2023 05:58am

Business & Finance

US and China trade barbs over South China Sea

MANILA: China’s embassy in Manila accused the United States on Tuesday of driving a wedge between the Philippines...

Published 21 Dec, 2022 06:59am

World

ASEAN summit begins with Myanmar likely to dominate agenda; ‘little progress expected’

PHNOM PENH: Leaders of Southeast Asian nations began an annual summit on Friday that is likely to be dominated by...

Published 11 Nov, 2022 09:58am

World

Germany says it will expand military presence in Indo-Pacific

BERLIN: Germany will expand its military presence in the Indo-Pacific by sending more warships and joining drills...

Published 01 Sep, 2022 05:50am

World

Blinken commits US to defending Philippines against armed attacks

MANILA: Secretary of State Antony Blinken assured the Philippines on Saturday that the United States would come to...

Updated 06 Aug, 2022 10:54pm

US Navy pilot ejects, 7 hurt in F-35 South China Sea

WASHINGTON: Seven US military personnel were hurt on Monday when an F-35C warplane had a “landing mishap” on the...

Updated 26 Jan, 2022 09:50am

World

Nine dead in Philippines storm

MANILA: At least nine people were killed and 11 others were missing after heavy rain across the Philippines flooded...

Updated 12 Oct, 2021 09:44am

World

Japan PM Kishida vows to devote himself to ending COVID-19 crisis

TOKYO: Prime Minister Fumio Kishida said on Friday he would do his utmost to lead Japan out of the COVID-19 crisis,...

Published 08 Oct, 2021 10:48am

World

Biden, Xi plan US-China virtual summit before year's end

ZURICH/WASHINGTON: The United States and China have agreed in principle for their presidents to hold a virtual...

Published 08 Oct, 2021 04:30am

World

Drones and jets: China shows off new air power

ZHUHAI: China on Tuesday showed off its increasingly sophisticated air power including surveillance drones and jets...

Published 28 Sep, 2021 09:22am

World

Malaysia warns new Indo-Pacific pact may trigger nuclear arms race

"It will provoke other powers to also act more aggressively in the region, especially in the South China Sea," PMO says

Updated 18 Sep, 2021 05:22pm

World

Beijing continues to coerce, intimidate in South China Sea: Harris

Beijing's actions continue to undermine the rules-based order and threaten the sovereignty of nations

Published 24 Aug, 2021 09:35am

India deploys warships in South China Sea

NEW DELHI: India is sending a naval task force to the South China Sea this month to expand security ties with...

Published 05 Aug, 2021 03:59am

World

German frigate deploys on Indo-Pacific mission

BERLIN: Germany dispatched a frigate to the Indo-Pacific region Monday for the first time in almost 20 years, a move...

Published 03 Aug, 2021 04:35am

World

Indonesia, US break ground on joint strategic maritime centre

JAKARTA: Indonesia and the United States have broken ground on a new $3.5 million maritime training centre in the...

Published 27 Jun, 2021 03:56am

World

Philippines’ top diplomat swears at China online, tells nation to leave disputed waters

MANILA: The Philippines’ top diplomat unambiguously told Beijing where to go on Monday, as the government insisted...

Updated 04 May, 2021 09:54am

World

Japan proposes joint naval drill with Germany

Japanese Foreign Minister Toshimitsu Motegi and Defence Minister Nobuo Kishi held the talks with German Foreign Minister Heiko Maas and Defence Minister Annegret Kramp-Karrenbauer via video conferencing.
In the East China Sea, Beijing claims a group of uninhabited Japanese-administered islets, and the dispute has long troubled bilateral relations.

Published 13 Apr, 2021 05:41pm

World

Philippines keeping 'options open' on South China Sea: govt

"We share the concerns of our Philippine allies regarding the continued reported massing of PRC maritime militia near the Whitsun Reef," Price said.

Published 08 Apr, 2021 05:12pm

World

Philippine presidential aide warns of 'unwanted hostilities' in South China Sea

Duterte has expressed concern to the Chinese ambassador over the ships, according to his spokesman.

Published 05 Apr, 2021 05:18pm

World

Philippines deploys air force jet over Chinese ships

MANILA: A Philippine air force jet is conducting daily patrols over Chinese fishing vessels parked near a disputed...

Updated 29 Mar, 2021 07:33am

World

Chinese says vessels in disputed sea are 'fishing boats' after Manila protest

Manila called on China to "immediately recall these boats violating our maritime rights and encroaching into our sovereign territory".

Published 22 Mar, 2021 05:32pm

World

Two U.S. carrier groups conduct exercises in South China Sea

Two U.S. carrier groups conducted joint exercises in the South China Sea on Tuesday, days after a U.S. warship sailed near Chinese-controlled islands in the disputed waters, as China denounced the United States for damaging peace and stability.
In Beijing, Chinese Foreign Ministry spokesman Wang Wenbin said the frequent moves by U.S. warships and aircraft into the South China Sea in a “show of force” was not conducive to regional peace and stability.

Updated 09 Feb, 2021 03:43pm

World

US navy says two carrier groups conduct joint operations in South China Sea

The busy waterway is one of several flashpoints in testy Sino-US relations, with the United States continuing to challenge Beijing's territorial claims in the contested waters.

Published 09 Feb, 2021 10:45am

World

US stands with SE Asian countries against China pressure

US relations with China deteriorated under former US President Donald Trump over a variety of issues including the pandemic, Chinese policies in Hong Kong, Beijing's treatment of its Muslim minority and trade.

Published 28 Jan, 2021 10:33am

World

US warships conduct exercises in South China Sea

The South China Sea is a strategic waterway and also believed to have valuable oil and gas deposits.

Published 25 Jan, 2021 05:42pm

World

South China Sea tension flares again as Biden takes charge

A U.S. aircraft carrier group led by the USS Theodore Roosevelt entered the South China Sea over the weekend to promote “freedom of the seas” at a time of U.S. concern about China-Taiwan tensions and Beijing asserting its maritime agenda.
Taiwan, meanwhile, reported an incursion of Chinese bombers and fighter jets into its air defence identification zone.

Published 25 Jan, 2021 12:46pm

World

Buildings shake as deep quake hits Taiwan, but no damage reported

The quake's epicentre was just off the coast of Yilan county, at a depth of 72.2 km (44.9 miles), according to the island's Central Weather Bureau.
Taiwan lies near the junction of two tectonic plates in the South China Sea and is prone to earthquakes.

Published 09 Jan, 2021 05:40pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 4 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 4 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 4 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 4 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 4 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 4 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 4 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 4 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 4 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 4 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

South China Sea

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