Home Blog Page 12309

DPWH says finalizing approval of CTBEx

By Denise A. Valdez
THE Department of Public Works and Highways (DPWH) is looking to grant “very soon” the original proponent status (OPS) to the Metro Pacific group for its proposal to build a Cavite-Tagaytay-Batangas Expressway (CTBEx).
Public Works Secretary Mark A. Villar told reporters last week the department is “finalizing” the project’s approval.
“I don’t want to preempt but soon…. Nakita ko naman, napag-aralan ko naman [I’ve seen it, I’ve studied it],” he said.
The proposal to construct a 49-kilometer toll road linking the Cavite-Laguna Expressway (CALAX) at Silang East Interchange to Tagaytay City and Nasugbu, Batangas was submitted by MPCALA Holdings, Inc. to the DPWH in July 2017.
MPCALA Holdings President Luigi L. Bautista told BusinessWorld in a text message on Tuesday that fund-raising for the P22.43-billion CTBEx project will begin when they receive the OPS.
“No fund-raising has yet been started until we secure the project and are ready to execute. At the moment, we are still waiting for the OPS,” he said.
Mr. Bautista said in late April they were expecting the approval by June, but up until last week he said they have yet to receive an update from the DPWH.
The DPWH earlier set a November 2017 deadline for its release of the project evaluation results.
The construction of CTBEx was originally set to begin on mid-2019 and completed by mid-2020.
Once MPCALA Holdings is granted OPS from the DPWH, the proposal would then be forwarded to the National Economic and Development Authority (NEDA) for approval. When approved by the NEDA Board, it will then be subjected to a Swiss challenge.
Under the Swiss challenge, other companies may submit counter-proposals which MPCALA Holdings may match.
MPCALA Holdings, which is part of Metro Pacific Investments Corp. (MPIC), bagged the contract for the P35.43 billion CALAX under the public-private partnership program in 2015.
MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls.

BPI eyes increased use of electronic channels

BANK of the Philippine Islands (BPI) wants to double the number of clients using electronic channels in the next five years as it ramps up its digitalization push.
In a statement Tuesday, the Ayala-led bank said it aims to raise the number of clients who access the lender through digital means to 72% of its customers in the next five years from the current 36%.
“Electronic banking is fast becoming a standard in the Philippines, as it is globally. We want our clients to experience the same level of service through our electronic channels,” Joseph Albert L. Gotuaco, BPI retail client segment group head, was quoted as saying in the statement.
The lender’s electronic platforms include its Web site, mobile application as well as over 3,000 electronic teller machines and cash accept machines.
“They are just as safe and reliable as our traditional branches,” Mr. Gotuaco said.
BPI added that many of its banking transactions can now be done through electronic means.
“While our branches are still very much accessible, electronic channels are 24/7 in nature and are key drivers in helping people bank from the comfort of their homes, offices, or cars,” Mr. Gotuaco added.
Amid its push to digitize banking, BPI previously said it is still keen on growing its branch network, particularly in provincial areas, to provide financial products to the grassroots level and spur growth.
The lender said it will open 10 BPI branches and one BPI Family Savings Bank branch in the second half of the year. It will also open 70 BPI Direct BanKo offices.
BPI, the third-largest bank in the country in asset terms, booked a net income of P6.25 billion in the first quarter, flat from the profit posted in the same period last year, due to lower trading gains.
On Tuesday, BPI shares rose by 2.25% or P2 to P91 apiece. — K.A.N. Vidal

NEA, DICT work to expand broadband access to rural areas

AFP

THE National Electrification Administration (NEA) and the Department of Information and Communications Technology (DICT) have started exploring arrangements to bring broadband connectivity into the countryside by tapping the existing infrastructure of the electric cooperatives.
In a statement, NEA Administrator Edgardo R. Masongsong said he had met with officials of DICT headed by Acting Secretary Eliseo M. Rio, Jr. and Undersecretary Denis F. Villorente to discuss the expansion of broadband access to households in rural areas.
Mr. Rio was quoted as saying that the discussion “is very important because NEA has already access to 95% of households, especially in rural areas.”
He added that the electric cooperatives (ECs) supervised by the NEA could be Internet service providers (ISPs) in their respective coverage areas.
“We’ll give you the Internet access and you can bring it to your client. Then, they can now enjoy their electricity and they have Internet access. This is also an added income,” Mr. Rio said.
Mr. Masongsong said some electric cooperatives, particularly those in Mindanao, already have fiber-optic infrastructure in place.
During their meeting, NEA and DICT agreed to form a technical working group that will draft the framework agreement, which will include the financial arrangement with the ECs with existing fiber-optic cables in their distribution lines and possible funding for power utilities that do not have fiber on their grid.
The meeting follows the signing on June 8, 2018 of a tripartite agreement among the DICT, power grid system operator National Grid Corp. of the Philippines (NGCP) and power transmission owner National Transmission Corp. (TransCo) for the use of spare optical fiber to accelerate the implementation of the government’s broadband plan.
Under the agreement, the DICT is given the right to use or access certain spare fiber-optic cores, vacant lots, tower spaces and related facilities of the NGCP, the concessionaire of TransCo-owned transmission assets.

Arts & Culture (07/11/18)

National exhibit

BEATRICE CADIZ holds her work called Dream Weaver.

NOW ON its 50th year, the Philippine Art Educators’ Association (PAEA), a non-government organization created to promote education through the arts and the culture in schools and other institutions, in collaboration with the Cultural Center of the Philippines (CCP), launched the National Students’ Traveling Art Exhibition themed “Buhay Katutubo,” featuring the winners of the competition, which highlighted the beauty of the country’s indigenous races. From over 300 artworks from different national academic institutions, the Top 50 entries are on view in various galleries, museums, and partner schools across the country. Notable submissions were from Regino Abiño, Jr. from Statesfields School, Cavite; Vren Protacio from St. Mary’s Academy, Sta. Ana, Manila; Rudy Cuecaco Jr. II from Lyceum of Aparri, Cagayan; Vivien Premistra from Antipolo Lady of Lourdes School; Kamila Piansay from St. Mary’s Academy, Pasay City; and Pontillas Ussiah, Hannah Iguas, and Jeffry Cabilogan from Marsman National High School Davao del Norte. Nine out of the Top 50 short-listed works were from the De La Salle-College of Saint Benilde (DLS-CSB), namely Malakas at Maganda by Pamela Madlangbayan, Kasiyahan by Mark Cedrix Lopez, Kulay ng Kultura by Justine Torregoza, Habi ng Tela by Bea Canete, Weaving Together Ideas by Louis Miguel Moldez, Tahanan by Isabelle Louis Garcia, Dream Weaver by Beatrice Cadiz, Kagalakan at Kasiyahan by Bart Mocorro, and Tandang Pananong by Mitzi Comia.

Rock the orchestra

THE MANILA Symphony Orchestra will rock you with Rockestra 2018 Concert 2.

THE Manila Symphony Orchestra will present Rockestra 2018 Concert #2 on July 29, 6 p.m., at The Theatre at Soliere. The MSO will travese genres with a rock symphony concert featuring rock and OPM music. The concert will also feature guitarist Noli Aurillo, OPM band Silent Sanctuary, and conductor Arturo Molina. Tickets are available at TicketWorld (891-9999, www.ticketworld.com.ph).

Side Show

WENCY CORNEJO joins the cast of Side Show.

MULTI-AWARDED singer/songwriter Wency Cornejo will make his musical theater debut in Atlantis Theatrical’s staging of the Tony-nominated Broadway musical Side Show. The musical is based on the real-life story of conjoined twins Daisy and Violet Hilton, who try to overcome their impediment and make a name for themselves as stage and film stars. It features a book by Bill Russell and music by Henry Krieger, who also composed the iconic hit musical Dreamgirls. Side Show was nominated for four Tony Awards including Best Musical. Cornejo will be playing the menacing ringmaster of the side show, known as Sir. He joins Kayla Rivera as Violet Hilton, Gab Pangilinan as Daisy Hilton, Markki Stroem as Terry Connor, David Ezra as Buddy Foster, and Arman Ferrer as Jake. Side Show is directed by Steven Conde. Side Show makes its Manila debut on Aug. 31 at the Carlos P. Romulo Auditorium, RCBC Plaza, Makati City. For tickets, contact Ticketworld at 891-9999 or visit www.ticketworld.com.ph.

How PSEi member stocks performed — July 10, 2018

Here’s a quick glance at how PSEi stocks fared on Tuesday, July 10, 2018.

Nickel miners pinning hopes on greater adoption of e-vehicles

NICKEL miners said their confident outlook is based on the rise of electric vehicles, despite depressed global prices for the metal.
Philippine Nickel Industry Association (PNIA) President Dante R. Bravo said that e-vehicles are the basis for the industry’s positive views even as steelmakers, the main customers for nickel, are roiled by trade wars. Nickel is a component of stainless steel.
“We are very bullish on nickel because of the emergence of the electric vehicle where nickel is used for making batteries,” he said during the Pandesal Forum in Quezon City on Tuesday.
The Philippines, the world’s second-largest supplier, exports 90% of its nickel ore to China.
Mr. Bravo, who also serves as president of Golden Ferronickel Holdings, Inc., added that he expects nickel prices to “increase by 8%” due to supply concerns.
However, due to a decline in ore yields, nickel miners also expect exports to drop to 30-35 million metric tons this year from 36 million MT in 2017.
“If you can’t ship your low-grade ore, you will have either have to stockpile it, put it aside or let it stay there so your development is delayed a bit,” he added.
More than 50% of the country’s mineral shipments are medium-grade ores, higher than previous records,while low-grade ores account for around 40% of total exports, Mr. Bravo said.
“Of course we will know by the end of the year. There’s still July to September in Mindanao where they can mine. But at the moment, that’s my view,” he added.
In a chance interview, Mr. Bravo said that he does not think the country will miss out on mining investment despite the ongoing moratorium on mining permits and delays in the audit of miners by the government.
“For now, the investors aren’t that excited because there are a lot of things that are yet to be clarified. So we have to finish the [Mining Interagency Coordinating Council] review, and have a continued dialogue between the industry and the government so that everyone would understand. Once we fix it, I think that’s when the investors will start coming in again,” he added. — Anna Gabriela A. Mogato

E-vehicle sales seen benefiting from excise tax exemption under TRAIN

ELECTRIC VEHICLE (EV) sales this year are expected to maintain their momentum, benefiting from the segment’s exemption from excise taxes, which have dampened the sales of conventionally powered vehicles.
“Things are moving at a faster rate now in our domestic EV industry. One of the biggest developments was when the Tax Reform for Acceleration and Inclusion Law, or TRAIN Law, was passed. Partly due to our representation, electric vehicles were exempted from excise tax,” Rommel T. Juan, president of the Electric Vehicle Association of the Philippines (EVAP), told participants of the 6th Philippine Electric Vehicle Summit in Pasay City.
“Are EVs finally taking off? Without a doubt,” he said.
Mr. Juan said based on a study conducted by consulting firm Frost & Sullivan, global electric car sales in 2017 exceeded the one-million mark, ending the year with 1.2 million units sold. Battery electric vehicles made up the majority of sales.
In 2018, global sales are expected to reach 1.6 million units, with the number of public charging stations forecast at 100,000, he said, citing the study’s estimates.
“There are now 3.3 million electric cars in use around the world. China and Europe together make up about 75% of the global EV market,” he added.
Mr. Juan said he is optimistic that the TRAIN law will pave the way for more affordable EV models and increased investment in support infrastructure that will help sustain the momentum for electric mobility.
He said the Department of Transportation’s Public Utility Vehicle (PUV) Modernization Program that seeks to upgrade about 200,000 jeepneys in the next six years, will have a 10% allocation for electric vehicles.
He said in support of the modernization program, the Department of Trade and Industry and the Board of Investments are putting in place an Eco-PUV program to provide incentives to both EV platform suppliers and body builders. Several banks have also made available financing for the modern PUV.
He also said that the Technical Education and Skills Development Authority (TESDA) is working on a technical regulation that will allow it to offer EV maintenance, servicing and repairs in all its learning centers. He said the move will help facilitate EV sales outside Metro Manila.
“Even our membership bench has deepened as we now have 57 active members, a majority of whom are involved in local production, assembly, supply and distribution of electric vehicles and parts,” Mr. Juan said.
Mr. Juan said the two-day event at the SMX Convention Center, Mall of Asia Complex is intended to solidify partnerships, align objectives, and take collective action to facilitate further adoption of electric vehicles in the Philippines. — Victor V. Saulon

Rice inventories decline — PSA

RICE inventories as of June 1 were estimated at 2.36 million metric tons (MT), down on a year-on-year and month-on-month basis, the Philippine Statistics Authority (PSA) said.
In PSA’s “Rice and Corn Stocks Inventory” released Tuesday, rice stocks fell 8.24% from a year earlier and were down 18.85% from a month earlier.
Some 46.39% of the total was held by households, while 53.56% was held by commercial rice dealers. The remaining 0.09% consisted of inventory held by the National Food Authority (NFA).
The overall rice inventory is considered sufficient for nearly 74 days’ demand.
NFA stock is good for less than a day. The NFA is mandated to maintain at least 15 days’ worth of buffer stock at any given time and at least 30 days’ worth of buffer stock for lean months, which start on July.
Household stocks rose 1.47% year on year while commercial and NFA inventories fell 1.92% and 98.99%, respectively.
Month on month, commercial stocks fell 16.65%, household inventories were down 21.20% and NFA inventory fell 40.29%.
Rice stocks are expected to pick up with the arrival of 250,000 MT of imported rice to replenish the NFA’s holdings, with other imports also en route via private deals.
Corn stocks as of June 1 amounted to 592,010 MT, up 74.99% month on month and down 39.50% year on year.
Commercial entities held 92.13% of the inventory while 7.87% was held by households.
On a year-on-year basis commercial holdings fell 38.07% while those of households declined 49.22%. — Anna Gabriela A. Mogato

DA claims stable prices after issuing SRP list on farm goods

THE Department of Agriculture (DA) said prices have begun to stabilize two weeks after it imposed suggested retail price (SRP) system on selected farm goods in Metro Manila wet markets.
Agriculture Secretary Emmanuel F. Piñol told reporters: “So far we are happy (with the SRP rollout). We haven’t received any complaints. Somehow, it actually calmed down the noisy voices of consumers complaining (about) the high prices of commodities,” he added.
“We actually received a favorable response from consumers and even the independent observers,” he added, without providing details.
The SRP regime covers regular-milled rice, milkfish, tilapia, galunggong (round scad), red and white onions, and local and imported garlic.
Mr. Piñol said the DA is studying other commodities to include in the SRP scheme, including pork products.
“I’m cautioning the livestock industry, especially the ham industry, not to price their products above the acceptable level to consumers,” Mr. Piñol said.
Poultry products are also to be included in the SRP regime, particularly broiler chicken, he added. — Anna Gabriela A. Mogato

AIM to pitch capacity-management plan to DoT

A THINK tank attached to the Asian Institute of Management (AIM) hopes to propose to the Department of Tourism (DoT) a recommendation to help local government units (LGUs) come up with capacity-management plans for major tourist attractions.
Fernando Martin Y. Roxas, the Executive Director of AIM’s Dr. Andrew L. Tan Center for Tourism, said the center hopes to present its plan to Tourism Secretary Bernadette Romulo-Puyat.
“Capacity management here does not just talk about numbers but also the nature of activities you allow tourists to engage in,” Mr. Roxas said in a roundtable with reporters on Tuesday.
Capacity management involves balancing tourist arrivals and the volume of visitors an area can hold.
“There’s no formula for capacity management. Each particular site is unique. And therefore, the capacity management system should be tailor-fit to that particular area,” Mr. Roxas added.
The generation of local jobs and revenue, Mr. Roxas said, should be the end-goal of any capacity management program.
As such, the center hopes to work with LGUs on the potential for climbing the tourism value chain, in industries such as hotels and tour services, among others.
“Most of the problem when we talk to LGUs is that many of them do not have this concept of a value chain,” Mr. Roxas said.
He cited the case of Mt. Pinatubo which is currently the center of a dispute among three barangays over which one is entitled to collect entrance fees.
“In the meantime, it’s the Koreans who established all the other services around Mt. Pinatubo. There is a spa, Korean-owned. There are tours, Korean-owned. There are hotels, Korean-owned. And we were fighting about who will issue the receipt,” Mr. Roxas said.
“So the concept of value chain is missing and we’re trying to bring that level of understanding to the grassroots.”
Citing data from market research firm Millward Brown, Mr. Roxas said 29% of total global tourism expenditure in 2015 was spent on shopping. Some 23% went to dining; 20%, to activities; 10% accommodation; and 7% to airfare.
Although he noted that political interference and the effectivity of community leadership can hinder the process of arriving at sustainable solutions, Mr. Roxas said capacity management systems should be agreed upon by all sectors and stakeholders.
“So [it should] not [be] one sector imposing its views on the others,” he added.
He added that the center is studying some areas to apply this approach. If simulations yield positive results, AIM will include the developed sustainability model to its list of proposals to the DoT.
AIM is also looking to develop a project linking small- and medium-sized entrepreneurs with the financial institutions that can offer them credit.
Last year, tourism’s contribution to the economy was at its highest level in 18 years at P1.929 trillion in terms of gross value added, up from the P1.554 trillion a year earlier. — Janina C. Lim

ERC seeks comment on bill deposit rules from power co-ops

THE Energy Regulatory Commission (ERC) has asked electric cooperatives to submit their comments within 10 days on the draft rules governing the monitoring and reporting process of electricity bill deposits.
“For purposes of transparency, the proposed Rules shall enjoin distribution utilities to maintain and develop in their official websites, consumer information disclosing all important terms and conditions, systems and procedures on bill deposits in clear and comprehensible language for the consumers,” Agnes T. Devanadera, ERC chairperson and chief executive officer, said in a statement on Tuesday.
The ERC has issued notices for the holding of focus group discussions on the draft rules this week, in its head office in Ortigas Center, Pasig City and in Baguio City.
The draft rules will apply to the provisions of Articles 7 and 28 of the Magna Carta for Residential Electricity Consumers (MREC), the Guidelines to Implement Articles 7 and 28 of the MREC and the relevant provisions of Distribution Service and Open Access Rules (DSOAR).
The ERC on Oct. 27, 2004 issued the Guidelines to Implement Articles 7, 8, 14 and 28 of Chapter III of the MREC that govern, among others, the guidelines and procedures to implement the bill deposits collected from residential and non-residential consumers.
“Bill deposits collected from residential and non-residential consumers are intended to guarantee the payment of electricity bills for new and/or additional service and from disconnected consumers who were previously not subject to bill deposit. The bill deposit shall be equivalent to the estimated billing for one month based on the load schedule of the consumer to guarantee payment of his bills” the ERC said.
The draft rules include a provision on the preparation and submission of a periodic report, under oath, on or before Dec. 31 of every year, covering the details of the total amount of bill deposit collected plus interest earned and the amount credited or refunded to consumers.
Discussions on the draft rules come as two of the ERC commissioners — Alfredo J. Non and Gloria Victoria Yap-Taruc — bow out of the agency after completing their seven-year term. They are retiring from government service effective July 10, 2018.
Ms. Devanadera said she was saddened by the retirement of two of her “colleagues and mentors” in the commission.
“I have gained invaluable wisdom and insights from Commissioners Freddie and Amvic when I was just starting at ERC,” she said, referring to the officials in their pet names. “My transition period could not have been manageable without their help.”
“They have served the ERC well and their dedication and diligence is without question. Their contribution to ERC in terms of pro-consumer policies and decisions will make its mark and should be emulated and carried on,” she added. — Victor V. Saulon

What territory are you referring to President Xi?

During US Secretary of Defense James Mattis’s three-day visit to China, President Xi Jinping bluntly told the visiting American defense official:
“Our stance is steadfast and clear-cut when it comes to China’s sovereignty and territorial integrity, we can’t lose even an inch of territory inherited from our ancestors, and China won`t take anything that belongs to others. Beijing has no colonial ambition but will never shy away from defending every each of its territory.”
President Xi’s straight-talking statement to Secretary Mattis was printed by influential and nationalist Chinese newspapers to emphasize that China under President Xi will not extend any concession with it comes to Taiwan and the islands in occupies in the South China Sea.
His assertion that China inherited the South China Sea from its ancestors is based on the belief that the Chinese people has always considered this maritime area as their “historic waters.” This is based on the national narrative that the South China Sea had been known to Chinese fishermen and seafarers from time immemorial. It tells various accounts of Chinese use of the South China Sea and its islands that included accounts of tributes made to Imperial Courts of ancient Chinese dynasties before the third century A.D. by the so-called barbarians from the southern seas. Accordingly, during this period, Chinese ships loaded with silk, porcelain, and other commodities sailed through the South China Sea and navigated the coasts of the Philippines, Vietnam, Malaysia, and Thailand, and through Malacca to India and as far as the Mediterranean Sea.
It will be naïve for the international society to accept China`s national narrative as a gospel truth. It is only fair to examine this national narrative on the bases of geography, history, and relevant international law.
HISTORY AND THE NATIONAL NARRATIVE?
Based on the 1951 International Court of Justice (ICJ) case between Norway and the United Kingdom, a country can only claim historic title to administer waters and territory if the three conditions are present: a) close geographical dependence of the territorial sea upon the land domain; b) the presence or absence of links between the land formations and the sea space sufficiently close to make the region susceptible to a fully sovereign regime of governance; c) and unique economic interest belonging to the coastal state as clearly evidenced by long (and exclusive) usage.
google disputed area map
China cannot claim the South China Sea as its historic waters since it is a semi-enclosed sea surrounded not by one but by six littoral states. It has provided a fertile fishing ground for local fishermen not only from China but from other littoral states. It has also been a smooth and safe navigation route for all the states in the region and even the rest of the international community. Historically, the South China Sea forms parts of the vital route of maritime trade and transportation not only for China but for all East Asian and Southeast Asian states and their trading partners in Asia, Africa, and beyond. Historical records provide accounts of both Chinese and barbarian activities in the South China Sea. What history tells us is that the South China Sea evolved as regional commons as people used it as a common fishing ground and a trade route.
It is also interesting to note that Chinese records are candid about anti-maritime policies adopted by the late Ming Dynasty that limited the activities of its subjects in the South China Sea. This was because Chinese officials lost interests in the seas and even issued a ban on overseas trade from 1474 to 1551. As a result, construction of new ocean-going ships was banned, shipyards were closed, and ocean-going trade was discouraged. The imperial dynasties’ periodic interest on the maritime domain stemmed from the fact, that for most of its history, China was a continental power focused on land-based threats and opportunities. Furthermore, Imperial China never depended upon the sea for its economic livelihood. The consequences of China’s neglect of the sea led to its defeats during the First and Second Opium Wars and during the First Sino-Japanese War in the 19th century.
INTERNATIONAL LAW AND THE NATIONAL NARRATIVE?
In January 2013, the Philippines challenged China’s expansive claim in the South China Sea when it filed an arbitration case in the Permanent Court of Arbitration in the Hague, in the Netherlands. The 12 July 2016 United Nations Conventional on the Law of the Seas (UNCLOS) ruling on the South China Sea arbitration states that China`s claim to historic rights to the resources and waters to the South China sea ended when it joined the UNCLOS. This is because the notion of historic rights is incompatible with the exclusive economic zones (EEZ) as provided by the convention. This ruling was based on the assumption that the Convention was designed to be comprehensive in nature regarding rights within maritime zones means that rights of the other South China Sea coastal states within their EEZs and continental shelf areas leaves no space for an assertion of historic rights.
The tribunal also ruled that although Chinese navigators and fishermen had historically made use of the islands in the South China Sea, there was no evidence that China has historically exercised exclusive control over the waters and resources. Rather, historical records in all the littoral states (including China) point that people from the Philippines, Malaysia, and Indonesia have also fished and navigated the waters of the South China Sea and have also maintained contact with the rocks, shoals, and islets in support of traditional fishing and local trade.
Finally, the tribunal states, there was no way that any ancient community could have settled and survived in the South China Sea as none of the rocks, shoals, or islets can sustain human habitation or an economic life of their own. The tribunal observed that some of the Spratly Islands were used by small groups of fishermen, but such transient use does not constitute inhabitation by a stable community.
On the basis of these three findings, the tribunal concluded that there was no legal basis for China to claim historic rights to the waters and resources of the South China Sea.
REGIONAL COMMONS
On the bases of geography and history, China has not been able to exercise exclusive economic or navigational use of the South China Sea. Rather, it has always been regional commons. The July 2016 UNLCOS ruling affirmed what history and geography have uncovered. It is only fair to raise this question “What territory are you referring to President Xi?”
 
Renato Cruz De Castro is a Trustee and Convenor of National Security and East Asian Affairs Program of the Stratbase ADR Institute.