Investing
Malaysia says it will protect its rights in South China Sea
© Reuters. FILE PHOTO: Malaysian Prime Minister Anwar Ibrahim attends a wreath-laying ceremony at Rizal Park, in Manila, Philippines, March 2, 2023. REUTERS/Lisa Marie David
KUALA LUMPUR (Reuters) – Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims.
Malaysian Prime Minister Anwar Ibrahim said on Tuesday China was worried about activity by the state energy firm Petronas in a part of the South China Sea that Malaysia says is its territory.
Anwar said he was open to negotiations with China, drawing criticism from the opposition, which said Anwar was risking Malaysia’s sovereignty.
The foreign ministry said in a Saturday statement Anwar’s comment meant Malaysia would like all issues related to the South China Sea to be resolved in a peaceful manner and without compromising Malaysia’s position.
“The government of Malaysia is unequivocally and firmly committed to protecting Malaysia’s sovereignty, sovereign rights and interests in its maritime areas in the South China Sea,” the ministry said.
China claims sovereignty over almost the entire South China Sea, through which about $3 trillion worth of ship-borne trade passes annually. Malaysia, Brunei, the Philippines, Taiwan and Vietnam have some overlapping claims.
Petronas operates oil and gas fields within Malaysia’s exclusive economic zone (EEZ) and has in recent years had several encounters with Chinese vessels.
China stakes its claim with a reference to a “nine-dash line” on its maps, which loops as far as 1,500 km south of its mainland, cutting into the EEZs of Vietnam, the Philippines, Malaysia, Brunei and Indonesia.
The Permanent Court of Arbitration, however, ruled in 2016 that the nine-dash line has no legal basis.
Anwar said this week Petronas would continue its activities in the South China Sea.
Read the full article here
-
Investing7 days ago
Moldova breakaway region to face new power cuts on Saturday, officials say By Reuters
-
Investing7 days ago
Reebok Co-Founder Backs Syntilay’s New AI, 3D-Printed Shoe
-
Side Hustles7 days ago
How to Survive High-Demand Seasons Without Losing Customers
-
Side Hustles5 days ago
5 Things That Could Significantly Impact Your Company in 2025
-
Investing5 days ago
NFI Group surge after board reshaped with new appointments, chairperson By Investing.com
-
Side Hustles7 days ago
Shake It Up — Dunkin’ Debuts Star-Backed Winter Menu
-
Side Hustles6 days ago
How Failing 22 Times Paved the Way to My Success
-
Make Money7 days ago
9 Easy Steps to Begin Your Gold Investment Journey