Taiwan yesterday ended an almost three-month standoff with the Philippines over the killing of a Taiwanese fisherman in disputed waters, dropping 11 economic measures it had taken against the Southeast Asian nation.
The Philippines recommended homicide charges be laid against eight of its coast guard members over the killing of a Taiwanese fisherman in disputed seas, as Taiwan officials indicated economic ties would soon be restored.
Emerging Southeast Asian nations need to pour $300 billion into transport links to help ease freight bottlenecks. That just got harder as the prospect of reduced Federal Reserve monetary stimulus pushes up borrowing costs.
Philippine President Benigno Aquino asked lawmakers to pass measures that will improve governance and bring lasting peace to the nation’s south, while touting economic growth that’s become the fastest in Asia in the first half of his six-year rule.