The Philippine Coast Guard said four Chinese vessels were conducting illegal marine scientific research in its waters and threatened to deploy aircraft and boats to repel them. “PCG has determined that they are conducting illegal marine scientific research without the legal authority or prior consent of the Philippine government, in clear violation of the United Nations Convention on the Law of th...
The Philippine Coast Guard said four Chinese vessels were conducting illegal marine scientific research in its waters and threatened to deploy aircraft and boats to repel them. “PCG has determined that they are conducting illegal marine scientific research without the legal authority or prior consent of the Philippine government, in clear violation of the United Nations Convention on the Law of the Sea,” according to a statement posted on Facebook by Coast Guard spokesman Rear Admiral Jay Tarriela . The Philippines will deploy aircraft and vessels to drive away the Chinese ships, he said. The Chinese foreign ministry didn’t immediately respond to a request for comment. Two of the Chinese vessels were spotted west and northeast of Itbayat, Batanes, while one was northwest off Rizal, Palawan, within the vicinity of the disputed Jackson Atoll, and the other northwest of Scarborough Shoal, according to the statement. One of the ships is an advanced oceanographic survey vessel equipped for deep-sea research, seafloor mapping, geophysical exploration and support of submersibles, Tarriela said. Another is the world’s first intelligent drone mothership, built to deploy and control more than 50 unmanned aerial, surface and underwater vehicles simultaneously for comprehensive three-dimensional ocean surveys, according to the statement. “We will not tolerate any illegal marine scientific research conducted without our government’s consent,” Coast Guard Chief Ronnie Gil Gavan said in a statement. The Philippines and China have overlapping claims in the South China Sea, a strategic waterway believed to be rich in natural resources. The Southeast Asian nation has bolstered military ties with the US to help safeguard its claims in the disputed sea, leading to repeated clashes between Chinese and Philippine ships. Read more: China Boosts Intelligence Reach in South China Sea, Report Says
TJX stock has surged on consistent earnings beats and strong demand, but with growth expected to moderate, investors are weighing how much upside remains.
TJX stock has surged on consistent earnings beats and strong demand, but with growth expected to moderate, investors are weighing how much upside remains.
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued the amber rainstorm warning on Sunday afternoon, saying that violent gusts might affect the city. The signal was issued at 2.20pm, indicating heavy rain exceeding 30mm per hour had fallen or was expected to persist across the ci...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued the amber rainstorm warning on Sunday afternoon, saying that violent gusts might affect the city. The signal was issued at 2.20pm, indicating heavy rain exceeding 30mm per hour had fallen or was expected to persist across the city. It also warned that violent gusts might affect Hong Kong, urging the public to seek safe shelter...
I’ve recently noticed several signs of adulthood in my behaviour. At first I was horrified, but I have come to accept, even enjoy, the natural ageing process I nearly drove into a wall the other day, because I couldn’t take my eyes off some spectacular wisteria. Ten years ago I doubt I would have even noticed it, or known what it was, never mind been so transfixed that I unwittingly endangered my ...
I’ve recently noticed several signs of adulthood in my behaviour. At first I was horrified, but I have come to accept, even enjoy, the natural ageing process I nearly drove into a wall the other day, because I couldn’t take my eyes off some spectacular wisteria. Ten years ago I doubt I would have even noticed it, or known what it was, never mind been so transfixed that I unwittingly endangered my life. It’s pretty much invisible in your youth, and then suddenly, at a certain age, or stage, you see it, appreciate it and become mesmerised by its impressive display. My botanical brush with death was the moment that I knew for certain: no matter how I feel inside, I am now unquestionably a grownup. This wisteria hysteria isn’t an isolated incident, of course. There have been several other definitely adult signifiers: Continue reading...
Hong Kong is set for its strongest quarterly growth in almost five years, the city’s finance chief has said, citing a 17 per cent rise in visitor numbers and a 5.2 per cent increase in retail and catering activity. Financial Secretary Paul Chan Mo-po said in his Sunday blog that 602,000 visitors entered Hong Kong in the first two days of mainland China’s Labour Day “golden week”, up 6 per cent yea...
Hong Kong is set for its strongest quarterly growth in almost five years, the city’s finance chief has said, citing a 17 per cent rise in visitor numbers and a 5.2 per cent increase in retail and catering activity. Financial Secretary Paul Chan Mo-po said in his Sunday blog that 602,000 visitors entered Hong Kong in the first two days of mainland China’s Labour Day “golden week”, up 6 per cent year on year. Despite a complex and rapidly changing external environment, Chan said Hong Kong’s...
Artificial intelligence (AI) seemed a boon to tech stocks until investor sentiment shifted in 2026. AI was suddenly seen as a disruptor to many businesses, particularly those operating in the software-as-a-service (SaaS) sector. This led to the "Saaspocalypse," where SaaS stocks experienced a widespread sell-off. According to Goldman Sachs , the reaction went overboard. CEO David Solomon described...
Artificial intelligence (AI) seemed a boon to tech stocks until investor sentiment shifted in 2026. AI was suddenly seen as a disruptor to many businesses, particularly those operating in the software-as-a-service (SaaS) sector. This led to the "Saaspocalypse," where SaaS stocks experienced a widespread sell-off. According to Goldman Sachs , the reaction went overboard. CEO David Solomon described the sell-off as "too broad," and believes AI won't create the sweeping destruction dreaded by Wall Street, stating, "There'll be winners and losers, and, you know, plenty of companies will pivot and do just fine." The situation has created an opportunity to pick up shares in great businesses at a discount. Two software stocks well-positioned to rebound from this year's sell-off are Figma (NYSE: FIG) and Atlassian (NASDAQ: TEAM) . Continue reading