China Telecom to Supply Equipment to Philippines Military

On September 11, a consortium in which China Telecom is a member signed an agreement to install communications equipment (including relay towers) on Philippine military bases.  The Dito Telecommunity Corporation also comprises Udenna, Chelsea Logistics Holdings, and Mindanao Islamic Telephone.  China Telecom is expected to provide most of the equipment for the project.  The deal was criticized by opposition Sen. Risa ...

Unconfirmed Report: China Planning to Invest $400B in Iran

On September 3, based on a source in Iran’s Petroleum Ministry, Petroleum Economist reported that China has expressed its intention to invest $280 billion to develop Iran’s oil, gas, and petrochemicals sectors and $120 billion to upgrade the country’s transport and manufacturing infrastructure. The investment has been characterized as demonstrating the significant enhancement of China’s and Iran’s “comprehensive strategic partnership.” The ...

Duterte: Xi Offering Gas Majority Stake if Arbitration Case Ignored

On September 10, Philippine President Rodrigo Duterte said that Xi Jinping had offered the country a controlling stake in an energy joint venture in the South China Sea if he was willing to set aside the Permanent Court of Arbitration’s ruling in the Philippines’ favor on its maritime territorial dispute with China. Specifically, Duterte said Xi had offered a 60% stake in the joint venture to develop gas deposits at Reed Bank, ...