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Business World Philippines

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July 09, 2025

A renewed vigor in defending the Philippines' territorial integrity

Nearly nine years ago, on July 12, 2016, the Permanent Court of Arbitration (PCA) in The Hague ruled overwhelmingly in the Philippines' favor and invalidated China's claims on the South China Sea. China's nine-dash line had no basis, the PCA said.

This was supposed to be a moment of victory for the Philippines. The legal validation that came from the arbitral court's decision was intended to settle the questions that came with the territorial dispute with China. Grounded on international law, the verdict should have assured Filipinos that the areas comprising what we now know to be the West Philippine Sea are no longer disputed. That they belong to the Philippines is a fact.

Unfortunately, our own government under then-President Rodrigo Duterte downplayed the significance of the ruling. He then spent the next few years appeasing and accommodating China, even at the expense of our own interests. He always claimed that China was too big and so powerful that we cannot ever imagine going to war with it.

But who said anything about war? Our case at the PCA simply protested China's provocations and illegal acts. It showed that we resorted to legal and diplomatic means to settle issues.

Emboldened by Mr. Duterte's stance, China consistently undermined the arbitral award, insisting the PCA never had any jurisdiction over it. And for as long as the former president was in power, we were always very careful in asserting our legal rights, afraid to antagonize our giant neighbor.

MEER VERHALEN VAN Business World Philippines

Business World Philippines

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Nations doing business with Iran face 25% tariff on US trade — Trump

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Farmers yet to feel benefits of improved agricultural trade balance, analysts say

THE Philippines' agricultural trade deficit narrowed to a 21-month low in November, driven by a surge in exports and a pullback in imports, but analysts said the improvements have yet to trickle down to farmers, who continue to grapple with persistently low farmgate prices.

time to read

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Tropang 5G eye early finals slot against embattled Bolts

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2 mins

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Top Australian writers’ festival canceled after Palestinian author barred

One of Australia’s top writers’ festivals was canceled on Tuesday, after 180 authors boycotted the event and its director resigned saying she could not be party to silencing a Palestinian author and warned moves to ban protests and slogans after the Bondi Beach mass shooting threatened free speech.

time to read

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Copper pushes toward record on China optimism, data center boom

Copper prices rose on Monday toward record highs with the mood dominated by optimism about robust demand in top consumer China and from data centers needed for artificial intelligence (AI).

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Alphabet hits $4-trillion mart valuation as AI refocus lifts

ALPHABET briefly hit $4 trillion in market valuation on Monday, as the Google parent’s sharpened artificial intelligence (AI) focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.

time to read

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S&P 500, Dow hit closing record highs; tech rises

The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the US Justice Department’s criminal _investigation of US Federal Reserve Chair Jerome H. Powell.

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2 mins

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