A CODE of conduct (CoC) in the South China Sea is unlikely be completed this year, analysts said, as Manila prepares for a “bare-bones” Association of SoutheastA CODE of conduct (CoC) in the South China Sea is unlikely be completed this year, analysts said, as Manila prepares for a “bare-bones” Association of Southeast

Sea code completion may be delayed

2026/03/29 20:12
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

A CODE of conduct (CoC) in the South China Sea is unlikely be completed this year, analysts said, as Manila prepares for a “bare-bones” Association of Southeast Asian Nations (ASEAN) summit focused on the fallout from the Iran war.

Chester B. Cabalza, founding president of Manila-based International Development and Security Cooperation, said that the completion of the code this year may remain “far-fetched.”

“With Manila’s early announcement of its vulnerability to energy security amid the Iran war and its planned bilateral reset with China, most likely the elusive CoC will be set aside in the agenda,” he said in a Facebook Messenger chat.

Mr. Cabalza said that the upcoming summits of the ASEAN must focus on the Middle East energy crisis, cybersecurity in the region, and peace and justice in the Cambodia-Thailand conflict.

He noted that the bloc must also reach a regional consensus to halt gray zone activities in the disputed sea.

The ASEAN and China agreed to craft a binding code of conduct in 2002, however, progress toward a binding framework has been repeatedly delayed by legal, political and strategic differences. Manila said earlier that it plans to complete the binding code by the end of the year.

Last week, President Ferdinand R. Marcos, Jr. said that ASEAN leaders came to a consensus to proceed with the meetings rather than delay them, with the summit mainly focused on urgent concerns of the regional bloc.

The President said that scheduled leadership meetings will now prioritize coordination on urgent issues such as energy, food security, and migrant workers amid the ongoing conflict in the Middle East.

Hansley A. Juliano, who teaches political science at the Ateneo de Manila University, said the Philippines, as this year’s chair, should emphasize independence on the Middle East conflict.

The US and Israel on Feb. 28 launched a coordinated strike at Iran aimed at crippling its nuclear weapons program. One month since, the war has further intensified placing a strain on global oil supply and prices with the closure of the Strait of Hormuz, a vital chokepoint that carries about 20 million barrels of oil per day.

“For the Philippines it is in fact an opportunity to argue for greater ASEAN interdependence and middle power independence,” he said in a Messenger chat.

However, Josue Raphael J. Cortez, a diplomacy lecturer at De La Salle-College of St. Benilde, said that the downsized summit may not delay completion of the CoC, but allow the bloc to pivot negotiations between Beijing and the ASEAN.

“Given how we are jointly devising strategies on how we can navigate these pressing times effectively — and the fact that China is among our key partners through ASEAN+3 — then this may lead to attitudinal dynamics which in a way or another may also positively affect how the continuous negotiations may unfold,” he said in a Messenger chat.

Mr. Cortez added that energy security and the welfare of migrant workers are still aligned with the Philippines’ chairship priorities.

“Regional security may also be understood from the lens of energy security, and on the other hand, migrant workers’ welfare is also mirrored in how we now try to explore ways on how we can ensure the safety of our migrant communities,” he said.

The South China Sea remains one of the region’s most volatile flashpoints. China has expanded its presence despite a 2016 ruling by a United Nations-backed arbitral tribunal that voided its sweeping claims over the waters, putting it at odds with claimants such as the Philippines, Vietnam, Malaysia, Brunei, Indonesia and Taiwan. — Adrian H. Halili

Market Opportunity
B Logo
B Price(B)
$0.19762
$0.19762$0.19762
-0.23%
USD
B (B) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump’s Critical Warning: US Engages Iran’s New Regime in High-Stakes Talks, Threatens Strikes if Diplomacy Fails

Trump’s Critical Warning: US Engages Iran’s New Regime in High-Stakes Talks, Threatens Strikes if Diplomacy Fails

BitcoinWorld Trump’s Critical Warning: US Engages Iran’s New Regime in High-Stakes Talks, Threatens Strikes if Diplomacy Fails WASHINGTON, D.C. — March 15, 2025
Share
bitcoinworld2026/03/30 23:05
CME to launch Solana and XRP futures options on October 13, 2025

CME to launch Solana and XRP futures options on October 13, 2025

The post CME to launch Solana and XRP futures options on October 13, 2025 appeared on BitcoinEthereumNews.com. Key Takeaways CME Group will launch futures options for Solana (SOL) and XRP. The launch date is set for October 13, 2025. CME Group will launch futures options for Solana and XRP on October 13, 2025. The Chicago-based derivatives exchange will add the new crypto derivatives products to its existing digital asset offerings. The launch will provide institutional and retail traders with additional tools to hedge positions and speculate on price movements for both digital assets. The futures options will be based on CME’s existing Solana and XRP futures contracts. Trading will be conducted through CME Globex, the exchange’s electronic trading platform. Source: https://cryptobriefing.com/cme-solana-xrp-futures-options-launch-2025/
Share
BitcoinEthereumNews2025/09/18 01:07
If you put $1,000 in Intel at the start of 2025, here’s your return now

If you put $1,000 in Intel at the start of 2025, here’s your return now

The post If you put $1,000 in Intel at the start of 2025, here’s your return now appeared on BitcoinEthereumNews.com. Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) announced a new partnership on Thursday, September 18, working on several generations of custom data center and computing chips designed to boost performance in hyperscale, enterprise, and consumer applications. As part of the collaboration, Nvidia, the undisputed leader of the semiconductor sector, will also invest $5 billion in Intel by purchasing its common stock at a price of $23.28 per share. Following the news, Intel stock jumped more than 30% in pre-market trading, while Nvidia saw a 3% uptick, a welcome change following weeks of shaky performance and controversies regarding its Chinese sales. Trading at $31.34 at the time of writing, INTC shares are up 54.99% year-to-date (YTD). INTC YTD stock price. Source: Google Accordingly, a $1,000 investment in the tech company at the start of the year would now be worth $1,549.90, giving you a return of $549.90. ‘The next era of computing’ The move follows a wave of fresh backing for the struggling Intel, including a nearly $9 billion U.S. government purchase of a 10% stake just weeks ago and a $2 billion investment from Japan’s SoftBank. As such, the deal has the potential to put Intel back into the game after years of trying to catch up not just with Nvidia but also AMD (NASDAQ: AMD) and Broadcom (NASDAQ: AVGO). “This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing,” wrote Nvidia founder and chief executive officer (CEO), Jensen Huang.  However, the U.S. government’s direct involvement suggests that more is at stake than simply propping up Intel, as it likely reflects a broader concern about keeping America competitive…
Share
BitcoinEthereumNews2025/09/18 22:47