Philippines, US test air defences as China seizes reef
MANILA - Missiles fired off the coast of the northern Philippines on April 27 as US and Filipino forces conducted their first integrated defence drills, hours after China said it had seized control of a reef claimed by Manila.
The Philippines and China have been engaged in months of confrontations over the South China Sea, which Beijing claims nearly in its entirety despite an international ruling that its assertion has no legal basis.
As many as 17,000 personnel are participating in the annual 'Balikatan' exercises, which in 2025 will simulate a 'full-scale battle scenario' as the treaty allies seek to deter China's ambitions in the disputed waterway.
Chinese state broadcaster CCTV on April 26 reported that the country's coast guard had 'implemented maritime control' over Tiexian Reef, also known as Sandy Cay, in April.
The tiny sandbank, part of the Spratly Islands, lies near Thitu Island, also called Pag-asa and site of a Philippine military facility.
The Philippine government has yet to formally respond to the claim.
In coastal Zambales province, hours north of the capital Manila, AFP journalists watched on April 27 as the US Marine Corp's new Madis short-range air defence system knocked a pair of drones from the sky.
The coastal defence exercise saw Madis work in concert with the Philippines' Spyder missile system, defending it from drone attack as it targeted simulated incoming cruise missiles.
'Madis is short-range. Spyder is more of a medium-range capability (and they) both engaged different threats,' said Lieutenant Colonel Matthew Sladek, commander of the US 3rd Littoral Anti-Air Battalion.
'The more we work together, that only... enhances our collective lethality.'
Chinese warships have been spotted in waters near the Philippines since the Balikatan exercises kicked off last week.
The aircraft carrier Shandong on April 22 'was detected underway 2.23 nautical miles (about 4km) south-west' of the Philippines' far northern Babuyan Island, the navy reported.
On April 27, the Philippine Navy said three other vessels had been spotted a day before about 60km from Zambales.
US defence secretary Pete Hegseth in March told an audience in Manila that the United States was 'doubling down' on its alliance with the country, noting the necessity of deterrence 'considering the threats from the Communist Chinese'.
Chinese foreign ministry spokesperson Guo Jiakun has since slammed the Balikatan exercises as a blow to regional stability.
On April 28, Balikatan will continue with troops simulating defending against an enemy landing force along a stretch of southern Palawan island. AFP
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
4 hours ago
- Straits Times
China's $14 trillion stock market is a headache for both Xi and Trump
BEIJING - At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behaviour even if they want to, lies the country's US$11 trillion (S$14 trillion) stock market. Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath of a dramatic bubble burst a decade ago. Instead of incentivising consumers to spend, poor equity returns have nudged them toward saving. A US$10,000 investment in the S&P 500 Index a decade ago would now have more than tripled in value, while the same amount in China's CSI 300 benchmark would've added just around US$3,000. Part of the reason, long-term China watchers say, is structural. Created 35 years ago as a way for state-owned enterprises to channel household savings into building roads, ports and factories, exchanges have lacked a strong focus on delivering returns to investors. That skew has spawned a host of problems from an oversupply of shares to questionable post-listing practices, which continue to weigh on the market. The country's leaders are under pressure to fix this. President Xi is counting on domestic spending to reach the 5 per cent economic growth goal, especially as a tariff war with the United States heats up over the massive trade imbalance. At the same time, Beijing has reasons to keep prioritizing the market's role as a source of capital: the country needs vast funding to nurture companies that underpin its tech ambitions – even if their profitability remains questionable. 'China's capital market has long been a paradise for financiers and a hell for investors, although the new securities chief has made some improvements,' Liu Jipeng, a securities veteran who teaches at China University of Political Science and Law, said in an interview. 'Regulators and exchanges are always consciously or unconsciously tilting toward the financing side of the business.' The limits of China's stock rally have again been evident this year. The CSI 300 has risen less than 7 per cent despite a burst of optimism over AI, trailing benchmarks in the US and Europe. The underperformance – along with factors including an uncertain economic outlook – helps explain China's extraordinarily high savings rate, which stands at 35 per cent of disposable income. Chen Long, who works in the asset management industry, has taken to social media platform Xiaohongshu to warn people of the risks of chasing the recent rally. Top stories Swipe. Select. Stay informed. Singapore NDR 2025 a rallying cry amid significant challenges facing Singapore, say analysts Opinion A 'we first' Singapore is the hardest policy for PM Lawrence Wong to deliver Singapore NDR 2025: The case for growing old at home in super-ageing Singapore Singapore N(T) students more likely to finish school, do as well in job market as N(A) peers: Study Singapore Singapore-developed device for diabetics measures long-term average blood sugar levels within 6 mins Business Singapore companies' debt surge in 2024: Sustainable or risky gamble? World Trump, tech and Texas: What's next for the US? World Ukraine weighs Trump's offer of security guarantees with caution 'Many ordinary people come in thinking they could make money, but the majority of them end up poorer,' Mr Chen said in an interview, adding that he has been investing since 2014. 'State-owned companies primarily answer to the government rather than shareholders, while many private entrepreneurs have little regard for small investors.' Over the past year, China's top leadership has shown greater awareness of the stock market's importance as a vehicle for wealth creation. That's especially the case with an ongoing property slump and a fragmented social safety net, which exacerbates a sense of insecurity. The Communist Party's Politburo pledged to 'stabilise housing and stock markets' in a December meeting – a rare expression of support for equities at the high-level gathering. The body also called for 'increasing the attractiveness and inclusiveness of domestic capital markets' in July. There is no quick fix to boosting household confidence 'except for a stock market rebound,' said Hao Hong, chief investment officer at Lotus Asset Management. 'This is a topic that we economists have been discussing in the closed door meetings in Beijing.'' In some ways, the market's malaise has been decades in the making. 'The exchanges are motivated to fulfill the government's call for increasing companies' financing,' said Lian Ping, chairman of the China Chief Economist Forum, a think tank that advises the government. 'But when it comes to protecting investors' interests, there are few who are motivated to do it.' An explosive growth in new listings made China the world's biggest IPO market in 2022. Yet insufficient safeguards for shareholders and lax oversight of IPO frauds have led to share price crashes and delistings – what retail investors refer to as 'stepping on a land mine.' Take Beijing Zuojiang Technology, which listed in 2019. The company said in a 2023 statement that its product was modeled after Nvidia's BlueField-2 DPU. The company warned in January the following year that it was at risk of being delisted, citing an investigation for disclosure violations. It was subsequently removed from the Shenzhen bourse. The China Securities Regulatory Commission didn't immediately reply to a fax seeking comment. Recent years have seen greater efforts to screen poor-quality IPOs and crack down on financial fraud. There's also a push to reduce additional stock issuances by listed companies and share sales by major stakeholders, while encouraging more corporate profit to be passed on to investors. There has been visible progress. Initial public offerings shrank to nearly a third of 2023 levels in 2024. Shanghai and Shenzhen-listed companies handed out a combined 2.4 trillion yuan (S$429 billion) in cash dividends for 2024, up 9 per cent from the previous year, according to state media. 'The regulations and overall requirements after IPO have become stricter, in terms of reliability, transparency, or information disclosure,' said Ding Wenjie, investment strategist at China Asset Management. Reforms, however, have fallen short of transforming the market into one that prioritises investor returns. Even with the rise in share buybacks, CSI 300 companies spent only 0.2 per cent of their market value on repurchasing shares in 2024, far less than the nearly 2 per cent spent by S&P 500 firms, according to calculations by Bloomberg. The recent policy push to attract more tech listings is also a worrying sign for some investors. Regulators are resuming the listing of unprofitable companies on the Star board, dubbed China's Nasdaq, while allowing them for the first time for the Shenzhen-based ChiNext board – which is earmarked for growth enterprises. IPOs so far this year have increased by nearly 30 per cent from the same period in 2024. That's an inevitable move to secure capital for firms that are vital to China's battle against the US for supremacy in AI, semiconductor and robotics, but also signals that authorities may again be putting funding needs ahead of investor protection. Fast-tracking more firms to list without tackling the core problems of corporate credibility will 'just add volume without restoring investor trust,'' said Hebe Chen, an analyst at Vantage Markets in Melbourne. BLOOMBERG
Business Times
5 hours ago
- Business Times
Mass rally in Tel Aviv calls for end to Gaza war, hostage deal
TENS of thousands of demonstrators gathered on Sunday evening in Tel Aviv to call for an end to the war in Gaza and the release of hostages, one of the largest demonstrations in Israel since the start of the fighting in October 2023. The rally was the culmination of a day of nationwide protests and a general strike to pressure the government to halt the military campaign. 'Bring them all home! Stop the war!' shouted the vast crowd which had converged on the so-called 'Hostage Square' in Tel Aviv plaza - a focal point for protesters throughout the war. The Hostage and Missing Families Forum, the initiator of the day of protest, estimated that about 500,000 people joined the evening demonstration in Tel Aviv - a figure not confirmed by the police. 'We demand a comprehensive and achievable agreement and an end to the war. We demand what is rightfully ours - our children,' said Einav Zangauker, mother of hostage Matan and a leading figure of the protest movement. 'The Israeli government has transformed a just war into a pointless war,' she told the crowd. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up National media published a video message by Matan Zangauker on Sunday, in which the hostage, weak and emaciated, addressed his family and told them he missed them. The video was filmed by Hamas and found in Gaza by the army, the family said. 'This is probably the last minute we have to save the hostages,' demonstrator Ofir Penso, 50, told AFP. A day of protests The protests come more than a week after Israel's security cabinet approved plans to capture Gaza City, 22 months into a war that has created a dire humanitarian crisis in the Palestinian territory. The Hostages and Missing Families Forum campaign group vowed on Sunday that protesters would 'shut down the country' with the goal of bringing back the hostages and ending the war. Throughout the country, demonstrators blocked traffic arteries, set tyres on fire and clashed with the police. More than 30 protesters were arrested, law enforcement said. People protesting after families of hostages called for a nationwide strike to demand the return of all hostages and an end to the war in Gaza, Tel Aviv, Israel, Aug 17, 2025. PHOTO: REUTERS In many places, though, AFP journalists saw businesses carrying on unimpeded. In Jerusalem's main shopping district, it was business as usual. A shop assistant in the city centre said the owner supported the campaign for the hostages' return but chose not to participate in the strike. 'Everyone is helping the way they can,' she said, declining to give her name. Netanyahu slammed the protesters, saying their actions 'not only harden Hamas's position and draw out the release of our hostages, but also ensure that the horrors of Oct 7 will reoccur'. Egypt said in recent days mediators were leading a renewed push to secure a 60-day truce deal that includes hostages being released, after the last round of talks in Qatar ended without a breakthrough. Some Israeli government members who oppose any deal with Hamas slammed Sunday's demonstrations. Israel's far-right Finance Minister Bezalel Smotrich decried 'a perverse and harmful campaign that plays into the hands of Hamas' and calls for 'surrender'. However, Benny Gantz, an opposition leader, condemned the government for 'attacking the families of the hostages' while 'bearing responsibility for the captivity of their children by Hamas for nearly two years'. Famine warnings The Israeli plan to expand the war into Gaza City and nearby refugee camps has sparked an international outcry as well as domestic opposition. On Sunday, Israeli military chief of staff Lieutenant General Eya Zamir said the army was moving ahead with a plan 'focusing on Gaza City'. Hamas warned it would result in 'a new wave of extermination and mass displacement'. Army Radio said residents would be evacuated before troops encircled and seized Gaza City in the coming weeks, with tens of thousands of reservists called up. UN-backed experts have warned of widespread famine unfolding in the territory, where Israel has heavily limited the amount of humanitarian aid it allows in. Gaza's civil defence agency said Israeli fire on Sunday killed over sixty Palestinians, including at least 37 waiting to collect food aid near two sites. The conflict began with Palestinian militant group Hamas's Oct 7, 2023 attack on Israel, during which 251 people were taken hostage. Forty-nine captives remain in Gaza, including 27 the Israeli military says are dead. Hamas's assault resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on official figures. Israel's offensive has killed more than 61,944 Palestinians, most of them civilians, according to figures from the health ministry in Hamas-run Gaza which the United Nations considers reliable. AFP

Straits Times
14 hours ago
- Straits Times
Russia says it prevented Ukrainian drone attack on Smolensk nuclear power plant
Sign up now: Get ST's newsletters delivered to your inbox MOSCOW - Russia's Federal Security Service (FSB) said that it had prevented a Ukrainian drone attack on the Smolensk nuclear power plant in western Russia on Sunday. The Soviet-era Smolensk nuclear power station, about 330 km (200 miles) southwest of Moscow near the border with Belarus, has three RBMK reactors - the same basic design as the reactors at the Chernobyl nuclear power station. The FSB, the main successor to the Soviet-era KGB, said that Russian radio-electronic warfare systems intercepted a Ukrainian drone over the territory of the Smolensk nuclear power station. "Electronic warfare forces intercepted an aircraft-type UAV - a Ukrainian-made 'Spis' attack UAV - over the territory of the Smolensk Nuclear Power Plant," the FSB said in a statement. "The Ukrainian armed forces continue provocations in the form of an attempted attack by unmanned aerial vehicles on Russian nuclear energy facilities." The Smolensk nuclear power station said it was operating as normal. There was no reported damage to any of the reactors or key operating infrastructure. Russian state news agency RIA Novosti published pictures which showed what it said were parts of the drone. Russia's defence ministry said the Ukrainian drone had been heading towards the Smolensk nuclear power station, Interfax reported. Top stories Swipe. Select. Stay informed. Singapore NDR 2025: US baseline tariff of 10% on Singapore offers 'little comfort', says PM Wong Singapore NDR 2025: CDCs to spearhead new effort to match job seekers to roles nearer to home, says PM Wong Singapore NDR 2025: Govt will help workers harness AI, redesign jobs, says PM Wong Singapore NDR 2025: New govt-funded traineeship scheme for ITE, poly, university graduates Singapore NDR 2025: S'pore looking at more ways to strengthen online safety for children and support parents Singapore NDR 2025: Developing human qualities key priority for schools in age of AI, says PM Wong Singapore NDR 2025: Govt to strengthen partnership with Chinese community, which played key role in nation-building Singapore NDR 2025: New Islamic college campus will be in Rochor, students can take courses at SUSS next door Reuters was unable to immediately verify battlefield reports from either side. There was no immediate comment from Ukraine on the Russian reports. REUTERS