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Ukraine’s Zelensky slaps sanctions on 108 people and 37 Russian groups

UKRAINE’s President Volodymyr Zelensky speaks during a joint news conference with US President Joseph R. Biden (not pictured) in the East Room of the White House in Washington D.C., Dec. 21, 2022. — REUTERS

LVIV, Ukraine — President Volodymyr Zelensky has sanctioned 37 Russian groups and 108 people including a former prime minister and a former education minister and said he aimed to fight wartime abductions of children from Ukraine and other “Russian terror.”

“We are increasing the pressure of our state onto them and each of them must be held responsible for what they have done,” he said in his nightly video address on Saturday, after his office issued corresponding decrees with his signature.

Mr. Zelensky did not associate specific individuals or groups with particular wrongdoings. The decrees showed a range of 10-year penalties against individuals and five-year penalties against non-profit groups including one named in English as the “Russian Children’s Foundation.”

Mr. Zelensky said in his address that the list included “those involved in the abduction and deportation of Ukrainian children from the occupied territory” and individuals who “in various ways help Russian terror against Ukraine.”

Some of the newly-sanctioned people, which included many with Russian citizenship, had previously been punished with separate or similar penalties.

Those included Dmytro Tabachnyk, a former minister of education and science who had his Ukrainian citizenship stripped from him in February, and ex-Prime Minister Mykola Azarov.

With former President Viktor Yanukovich, Mr. Azarov previously had assets and property frozen among other penalties. The two men fled Ukraine for Russia in 2014 after a crackdown on street protests that killed more than 100 demonstrators in Kyiv.

Other individuals penalized on Saturday included Sergei Aksyonov, the Russian-installed head of Crimea, and Leonid Pasechnik, whom Vladimir Putin appointed head of Luhansk, the eastern Ukrainian region Russia annexed in 2022.

The sanctioned Russian groups included several whose names or websites indicate they work with children.

One sanctioned group was named Kvartal Lui, which matches an organization with a website which says its founder is Children’s Rights Commissioner Maria Lvova-Belova, herself sanctioned by Kyiv in October 2022.

The International Criminal Court in The Hague this month issued an arrest warrant against Lvova-Belova, along with President Vladimir Putin, accusing them of the war crime of deporting children from Ukraine.

Mr. Zelensky’s new list also sanctioned the executive director of Kvartal Lui, Sofia Lvova-Belova. Her older sister, Maria Lvova-Belova, has said children were taken to shelter them from violence and denied committing any war crime.

Kyiv says about 20,000 children have been removed to Russia or Russian-held territory without the consent of family or guardians, which it says amounts to a war crime that meets the UN treaty definition of genocide.

Yale University published research on Thursday saying more than 2,400 children aged between six and 17 had also been taken to 13 facilities across Russian-allied Belarus.

The report, from a group that receives US State Department funding, said that the transports across Russian territory to its western neighbor were “ultimately coordinated” between Putin and Belarus leader Alexander Lukashenko.

Mr. Zelensky’s decrees upheld a decision by the National Security and Defense Council to issue sanctions with an array of penalties including blocking assets, trade, transit, leasing, removal of capital, land purchases and other financial and economic activities. — Reuters

Japanese troops drill on island seen as vulnerable to China

CHRIS BARBALIS-UNSPLASH

TOKUNOSHIMA, Japan — Japanese marines in amphibious assault vehicles stormed an island beach at the edge of the East China Sea on Sunday in a simulated attack to dislodge invaders from territory that Tokyo worries is vulnerable to attack from China.

As tensions run high with neighbors China, Russia and North Korea, the drill on the southwest island of Tokunoshima capped an 11-day series of exercises nationwide dubbed 05JX, meant to show the readiness of ground, sea and air forces to defend Japan’s territory and infrastructure, including nuclear power plants.

“The goal of JX is to show that if there is an emergency situation resulting from an attack, that we are able respond in a joint way,” General Yoshihide Yoshida, chief of staff of the Self-Defence Forces’ Joint Staff, said after observing the drill on Tokunoshima.

Ground Self-Defense Force amphibious assault vehicles launched from two Maritime Self-Defense Force landing ships anchored offshore. Other troops arrived in semi-inflatable rubber boats, with heavy equipment carried to shore on military hovercraft.

Unlike many of the beaches along Japan’s southwest island chain stretching toward Taiwan, the one on Tokunoshima does not have a coral reef that would make military operations more difficult.

The scope and pace of military exercises in Japan are likely to increase over the next few years, including with US forces, after Prime Minister Fumio Kishida in December unveiled the country’s biggest military buildup since World War II, with a pledge to double defense spending over five years.

Mr. Kishida has warned that East Asia could be the next Ukraine, if China, emboldened by Russia’s assault on its neighbor, attacks Taiwan.

The 43.5 trillion yen ($290 billion) in planned spending will go to new weapons such as longer-range missiles as well as to increase stocks of spare parts and munitions to fight a sustained conflict.

But the yen’s sharp decline this year has forced Japan to cut back on some planned purchases, including new models of the U.S.-made Chinook helicopters that Japan’s military used in the Tokunoshima drill. — Reuters

Elon Musk, under fire, threatens to file lawsuit against media watchdog

ELON MUSK — REUTERS

ELON MUSK threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large US companies to halt advertising on the site after being promoted alongside antisemitic content.

Mr. Musk and X have been under a microscope all week for antisemitic and racist content that has proliferated on the site since he purchased it in 2022.

Liberal watchdog group Media Matters for America said earlier this week that it found ads from IBM, Apple and others were placed alongside content promoting Adolf Hitler and the Nazi Party.

Mr. Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people, drawing sharp condemnation, including from the White House.

“The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and all those who colluded in this fraudulent attack on our company,” Mr. Musk wrote in a post on X, without naming any other parties.

Numerous companies suspended ads in the last two days, including IBM, Disney, Warner Bros Discovery and Comcast, Lions Gate Entertainment and Paramount Global. Axios reported that Apple, the world’s largest company by market value, would do the same.

“This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers,” a statement posted by Mr. Musk said. He accused Media Matters of creating an alternative account designed to “misinform advertisers” about their posts.

Media Matters on Saturday said Mr. Musk was a “bully” who threatens “meritless lawsuits.”

“Musk admitted the ads at issue ran alongside the pro-Nazi content we identified,” Media Matters President Angelo Carusone said in a statement.

“If he does sue us, we will win.”

Mr. Musk has threatened legal action against other parties in the past, most specifically the Anti-Defamation League, a nonprofit organization that fights antisemitism, blaming it for X’s loss of ad revenue. He has not yet sued the ADL, however.

Advertisers have fled the site since Mr. Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech, according to civil rights groups.

The White House on Friday condemned Mr. Musk’s endorsement of what it called a “hideous” antisemitic conspiracy theory, and accused Mr. Musk of an “abhorrent promotion of antisemitic and racist hate” that “runs against our core values as Americans.”

Mr. Musk is also CEO of electric carmaker Tesla, which has been hit by several lawsuits that allege rampant racial or sexual harassment of workers.

Antisemitism has been on the rise in recent years in the United States and worldwide. Following the outbreak of war between Israel and Palestinian Islamist group Hamas, which attacked Israel on Oct. 7, antisemitic incidents in the United States rose by nearly 400% from the year-earlier period, the ADL said. — Reuters

Trump vows to kill Asia trade deal being pursued by Biden if elected

Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, Oct. 2, 2023. — REUTERS/BRENDAN MCDERMID

FORT DODGE, Iowa — Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by US President Joseph R. Biden if he were to win the 2024 election and return to the White House.

Speaking to supporters in Iowa, Mr. Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out US manufacturing and trigger job losses.

Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China’s growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.

Mr. Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would “knock out” what he referred to as “TPP Two” immediately upon taking office.

“Under the next administration… the Biden plan for ‘TPP Two’ will be dead on day one,” Trump said at a campaign event in Fort Dodge, about 94 miles (150 km) north of Des Moines.

“It’s worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia.”

The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week’s Asia-Pacific Economic Cooperation (APEC) meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. — Reuters

China’s Xi offers more investment in South China Sea claimant Brunei

REUTERS

BEIJING – China offered to buy more goods from Brunei and to encourage investment in the Islamic sultanate as President Xi Jinping lauded relations with the tiny nation that have centred more on economics than territorial disputes in the South China Sea.

In his meeting with Brunei’s Sultan Hassanal Bolkiah in San Francisco on Thursday, Xi said China would welcome more exports from Brunei, tell more Chinese enterprises to set up shop in the Southeast Asian country, and expand cooperation in areas such as food security, according to Chinese state media.

Brunei has a claim to part of the South China Sea, most of which Beijing says belongs to China. But unlike some of its vociferous neighbors with claims in the region, Brunei has kept silent on its own claim to a relatively small area off northern Borneo, choosing to focus on growing trade ties with China as the oil-reliant nation diversifies its economy.

“Both sides should work together to promote positive progress in joint maritime development and jointly safeguard peace and stability in the South China Sea,” Xi told Brunei’s sultan on the sidelines of the APEC summit in San Francisco.

China is willing to work with Brunei and other ASEAN nations to maintain the “correct” direction of cooperation in East Asia, Xi added.

Brunei has counted China as one of its biggest foreign investors and an important force in its efforts to create a more diversified economy, with its crude oil reserves expected to be totally depleted in a few decades.

The largest Chinese investment so far has been a multi-billion dollar oil refinery.

China’s Zhejiang Hengyi Petrochemical is a 70% shareholder in the Pula Muara Besar refinery, launched in 2019 in a venture with the Bruneian government.

Hengyi initially invested around $3.45 billion. It subsequently invested a further $13.65 billion to expand the plant’s refining capacity and build additional petrochemical facilities.

Brunei’s economy is forecast to contract about 1% this year, the International Monetary Fund has said, due to reduced energy production amid infrastructure maintenance.—Reuters

Joy~Nostalg fosters the joy of giving this holiday season

The five-star serviced residences partners with the Liter of Light project for another meaningful Christmas Tree Lighting event

Five-star serviced residences Joy~Nostalg Hotel & Suites Managed by Accor promotes the true meaning of the holidays, reminding everyone to spread love during the most wonderful time of the year. Joy~Nostalg shares the jubilant message through its annual Christmas Tree Lighting event, titled “The Joy of Giving.”

This year’s celebration gives special meaning to the ceremonial kick-off to the holiday season. Living up to the event’s name, Joy~Nostalg exemplifies the joy of giving and extends hope and happiness to the less fortunate, in partnership with Liter of Light. The movement, led by social entrepreneur Ilac Diaz, turns inexpensive, readily available materials into high-quality solar lighting sources for people with limited or no access to electricity.

“This Christmas, our hearts are full as we illuminate lives, celebrating the gift of bringing light, joy, and hope to those in need,” says Odette Huang, general manager of Joy~Nostalg Hotel & Suites Managed by Accor.

Joy~Nostalg began its collaboration with Liter of Light months ago. The hotel learned that 90 minutes away from its location in Ortigas CBD, there is a community living without access to electricity. Joy~Nostalg reached out to Liter of Light, and worked to bring brightness to families, enabling proper study conditions for children and ensuring safe pathways for everyone.

Joy~Nostalg’s associates, aptly named “Heartists,” generously lent their resources to the project and contributed 100 solar lamps to the community. They personally assembled and delivered the lights, receiving overwhelming joy and gratitude from the community.

To supplement the effort, Joy~Nostalg reached out to customers, stakeholders, and guests for more contributions. The result is another set of 100 light sources, set to be handed out to 100 families during the holiday season.

“We often notice how our city becomes brighter during the festive season, but energy poverty still makes this same spark of Christmas a little harder to see in so many villages,” says Ilac Diaz, whose Liter of Light movement has installed more than 350,000 bottle lights in over 15 countries. “With Joy~Nostalg providing solar lamps hand-built by corporate volunteers, these lights will be sure to brighten so many lives this Christmas.”

Alongside the collaboration with Liter of Light, Joy~Nostalg also teamed up with Nespresso and the Negrense Volunteers for Change Foundation, Inc. (NVC) for this year’s Christmas celebration, featuring recycled capsules as ornaments in the hotel’s holiday decors. A total of 3,700 Nespresso capsules were recycled into handcrafted decorations by the NVC, an organization that provides proper nutrition for poor children, as well as sustainable livelihood opportunities for their parents. Joy~Nostalg also supported the livelihood of a small Barrio in Bohol, Antequera, by purchasing basket hampers for their season’s fine selection of gifting goodies.

Spotlighting a bigger cause during its Christmas Tree Lighting event has become a tradition for Joy~Nostalg. Last year, the hotel supported the artisan project of Persons Deprived of Liberty (PDLs) of San Juan City Jail, showcasing their crafty parol products in the lobby. Proceeds from these hand-made parols benefitted the families of PDLs, allowing them to somehow partake in the celebration of Christmas.

For more information on Joy~Nostalg Hotel & Suites Managed by Accor, visit https://www.joynostalgmanila.com/ or contact +632 5318-7888 and HB2D6- RE1@accor.com. Follow the premier lifestyle destination on Facebook (https://www.facebook.com/JoyNostalgManila/), Instagram (@joynostalgmanila), and Twitter (@joynostalgmnl).

 


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A glimpse at IMES’ Premier Summit 2023: Ascending to Greater Heights

The countdown has begun for the much-anticipated Premier Summit 2023: Ascending to Greater Heights, a gathering of industry leaders in the field of Industrial Engineering and student leaders from across the nation. Hosted by the Industrial Management Engineering Society (IMES) at De La Salle University (DLSU), this event promises to bring together different minds in exploring the importance of leadership with collaboration. Mark your calendars for Nov. 18, 2023, as the Premier Summit unfolds from 10:00 a.m. to 3:00 p.m. at The Verdure, Henry Sy Bldg., De La Salle University – Manila. This event will be a culmination of ideas, experiences and talents, with IMES ambassadors from schools nationwide connecting to inspire and learn from each other. Under the banner of “leadership with collaboration,” this year’s Premier Summit takes a look at the essence of leadership in the modern world.

The Premier Summit will feature an impressive lineup of speakers such as Alvanson So, Regional People Lead at Canva Philippines; and Jyone Cruz, External Relations Head of Ateneo CODE, who will take the stage to share their insights and experiences on leadership. The event will also host a dynamic panel discussion featuring student leaders to give them a chance to practice the idea of leadership with collaboration. Premier Summit will also offer engaging activities tailored to foster collaboration and leadership skills. Attendees can look forward to interactive workshops, engaging booths and valuable networking opportunities. It is an opportunity for personal growth, professional development, and expanding one’s horizons.

Check out https://www.facebook.com/IMESsummitPH for more details to register and secure the chance to ascend toward greater heights.

Magnitude 6.9 earthquake strikes Mindanao

An earthquake of 6.9 magnitude struck the Mindanao region of the Philippines on Friday, German Research Center for Geosciences (GFZ) said.

The quake was at a depth of 10 km (6.2 miles) GFZ added.

The Pacific Tsunami Warning Center said no tsunami was expected.

Damage and aftershocks can be expected from the offshore quake, the Philippines’ seismology agency said in a bulletin.

Intensity 8 were felt in the southern Philippines provinces of Sarangani and South Cotabato, it added.—Reuters

AREIT, ACEN boards greenlight P6.8-B property-for-share swap transaction

Ayala-led real estate investment trust company AREIT, Inc. announced on Friday that its board of directors has approved a move to acquire 276 hectares of industrial land in Zambales from Buendia Christiana Holdings Corp. (BCHC), a wholly owned subsidiary of ACEN Corp., through an asset-for-share swap transaction.

“The transaction was approved by the board of directors of AREIT and ACEN on 16 November 2023 and is subject to the approval of AREIT shareholders and relevant regulatory bodies thereafter,” AREIT said in a disclosure to the stock exchange.

ACEN made a separate disclosure announcing its board’s approval of the proposed property-for-share swap between BCHC and AREIT.

AREIT said it will issue 199,109,438 primary common shares to BCHC in exchange for the land valued at P6.77 billion.

“This acquisition solidifies AREIT’s footing as the Philippines’ largest and most diversified Real Estate Investment Trust, now at 861 thousand sqm of building gross leasable area,” the company noted.

“After the acquisition, AREIT will own 286 hectares of industrial land, which includes 9.8 hectares currently owned in Laguna Technopark. This will increase AREIT’s Assets Under Management from P87 billion to P94 billion,” it added.

Following the issuance of the shares, Giga Ace 8, Inc., a wholly owned subsidiary of ACEN involved in solar plant development and operation, will enter into a 25-year lease agreement with AREIT, the listed company said.

AREIT also said that the land addition will complement its sustainability objectives, with 18 properties already having shifted from coal to clean renewable energy.

AREIT and Ayala Land, Inc. signed an agreement with the International Finance Corp. in September to certify 150 hectares of office buildings for EDGE Zero Carbon. It aims to establish the largest EDGE Zero Carbon portfolio in the country.

AREIT also secured a green light from the Securities and Exchange Commission in September for the property-for-share swap with Ayala Land, Ayalaland Malls, Inc., and Northbeacon Commercial Corp.

On Friday, AREIT shares closed 0.31% higher at P32 apiece, while ACEN shares closed 1.80% lower at P4.90 apiece. — Miguel Hanz L. Antivola

UnionDigital Bank plans to introduce high-frequency lending in 2024

UnionDigital Bank, the digital lender of UnionBank of the Philippines, Inc., plans to launch its high-frequency lending product next year, allowing consumers to avail themselves of short-term loans, its president said on Thursday.

“We’re moving to more frequent lending in shorter tenors,” UnionDigital President and Chief Executive Henry Aguda said during a media roundtable at the Singapore Fintech Festival.

“We want to make it configurable. Soon, we’ll come out with the lending on our app where you can configure the tenor. The underwriting is there instantaneously when you download your app,” he added.

Mike Singh, UnionDigital’s Chief Commercial and Revenue Officer, said that the product will be targeted towards the mass market that lives “day-to-day.”

“A lot of the gig economy is not fixed-pay. Maybe (their) expenses this month exceeded (their) income. So, (they) need a short-term loan. We want to give them the choice: you can take a loan in the morning and you can pay it off maybe in the evening if you get paid through commission,” he said.

“The faster we can collect and the shorter the tenor loan, the faster the turnaround. We have to mimic how it is (in the informal lending market). If not, they will not adapt to the structure of normal banking lending operations,” Mr. Aguda said.

The product will likely be launched in the second quarter or second half of next year.

“The first version of that maybe is a 30-day minimum but no prepayment penalty,” Mr. Singh said.

“Right now it’s monthly. We’ll move to two weeks, then we’ll do weekly, then the aspiration is on a daily basis. One month is too long for somebody in that segment,” Mr. Aguda added.

The loans will also be priced for risk and are slightly above credit card rates. “What’s good is the interest rate is not fixed to a specific cohort or product. It changes based on how risky you are,” Mr. Aguda said.

“Obviously, the cards segment has money so its lower risk. Our segment has very high risk. So, we have to price for it. But if you pay your loan, the Artificial Intelligence (AI) will read that and your score will go up so your next loan, the interest rate will be lower,” Mr. Singh added.

UnionDigital is also planning to infuse additional capital to accommodate this new lending feature. “We’re in the process now of writing up our capital requirements for the next 24 months, we haven’t placed the figure,” Mr. Singh added.

Meanwhile, UnionDigital said it is also launching a product geared towards making processing more efficient for micro-, small and medium-sized Enterprises (MSMEs).

“MSMEs, as you know, are the driver of our economy. Our vision for MSMEs is what we call straight-through processing. Automated. faceless, paperless, same-day approval. That’s another product in the pipeline,” Mr. Singh added.

With these new products in the pipeline, Mr. Singh said he expects UnionDigital’s loan portfolio to double or even triple.

UnionDigital said its outstanding loan balance has reached at least P12 billion.

The lender was granted a digital banking license by the Bangko Sentral ng Pilipinas in July 2021 and began operations in July 2022. — Luisa Maria Jacinta C. Jocson

Marcos, China’s Xi to discuss tensions, way forward in South China Sea

PRESIDENT Ferdinand R. Marcos, Jr. at the New York Stock Exchange. — OFFICE OF THE PRESS SECRETARY

Philippines President Ferdinand R. Marcos, Jr. said on Friday he will meet with his Chinese counterpart Xi Jinping at the sidelines of the APEC Summit in San Francisco to discuss tensions and formulate ways forward in the South China Sea.

“We will get the view of the Chinese president on what we can do to bring down the temperature, to not escalate the situation in the West Philippine Sea,” Mr. Marcos said in a video message.

Manila refers to the part of the South China Sea that it claims as the West Philippine Sea.

“We will put together the ways forward because we are continuously trying to maintain the peace,” Mr. Marcos said ahead of a meeting with Mr. Xi at the sidelines of the APEC Summit in San Francisco.

Mr. Marcos said he also discussed South China Sea issues with US Vice President Kamala Harris.

China’s embassy in Manila did not immediately respond to a request for comment.

China claims sovereignty over nearly the entire South China Sea, pointing to a line on its maps that cuts into the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei and Indonesia. Taiwan, which China also claims as part of its territory, has said it does not accept Beijing’s maps.

The Permanent Court of Arbitration in 2016 said the line on China’s maps had no legal basis, which Beijing rejects.

The Philippines’ foreign ministry on Thursday committed to continue resupply missions and an “upkeep” of a grounded navy ship in a disputed South China Sea atoll, saying it does not have to give prior notice to China.

The Department of Foreign Affairs also called on China to remove all “illegal structures” it built within the Philippines’ exclusive economic zone, cease reclamation in those areas and be accountable for the damage the activities caused. — Reuters

China tells Japan to reaffirm strategic relations in rare leader talks

CHINESE PRESIDENT XI JINPING — HTTP://KREMLIN.RU/EVENTS/PRESIDENT/NEWS/49899/PHOTOS

Chinese President Xi Jinping told Japanese Prime Minister Fumio Kishida that Asia’s two largest economies should reaffirm their strategic relationship in their first face-to-face talks in a year that look to put a floor under strained ties.

The remarks, reported by Chinese state media, came at the start of talks on the sidelines of the APEC summit in San Francisco on Thursday evening.

The two leaders are also expected to discuss the creation of a new dialogue framework on export control issues and fostering a safe business environment, Japanese media reported.

The countries should “focus on common interests and properly handle differences,” Mr. Xi told Mr. Kishida as they sat across from one another at a table flanked by their delegations.

China and Japan should reaffirm their “strategic relationship of mutual benefit and give it new meaning”, he added.

In a joint statement in 2008, Japan and China agreed to pursue a “mutually beneficial relationship based on common strategic interests” designed to ensure frequent leadership exchanges on issues such as security.

But the phrasing has been used less frequently in recent years as the historic rivals have clashed over a series of issues such as territorial disputes, trade tensions and Taiwan, the democratic island near Japan that Beijing claims as its own.

Most recently, ties have been tested by China‘s ban on Japanese seafood following Tokyo’s decision to release treated water from its crippled Fukushima nuclear plant into the sea in August.

Mr. Kishida plans to call for the reversal of China‘s ban and will also insist on the early release of Japanese nationals arrested by Chinese authorities, while global issues like the conflict in Gaza are also expected to be on the agenda, Japanese media reported.

In brief remarks at the start of the meeting, Mr. Kishida told Mr. Xi: “Japan and China coexist and prosper as neighbors and have a responsibility to contribute to world peace and prosperity.”

Their meeting followed a highly-anticipated summit between US President Joe Biden and Mr. Xi in which the two superpowers agreed to open a presidential hotline and resume military-to-military communications, among other matters.

Mr. Kishida also met Mr. Biden at the summit where they discussed issues including “common challenges” that they share with China.

China‘s push to reaffirm relations with Japan could be partly driven by Tokyo’s close ties with its arch-rival Washington, said Rumi Aoyama, an expert on JapanChina relations.

“I think there is a desire to drive a wedge between Japan and the United States by establishing a so-called strategic relationship with Japan amid the US-China confrontation,” said Aoyama, director of Waseda Institute of Contemporary Chinese Studies.

On the sidelines of the APEC summit, Mr. Kishida has also met South Korean President Yoon Suk Yeol in their seventh meeting this year. The pair promised to push for deeper cooperation and discussed shared concerns like North Korea’s missile tests.

Mr. Yoon, Mr. Kishida and Mr. Biden also held a brief trilateral meeting on Thursday.

Leaders from the 21-member Asia-Pacific Economic Cooperation forum are in San Francisco for the 30th summit from Nov. 15-17. – Reuters