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Commodities 06 Jul 2017 | 11:21 PM

Vietnam renews India oil deal in tense South China Sea

HANOI/NEW DELHI: Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. Part of that block is in the U-shaped 'nine-dash line' which marks the vast area that China claims in the sea, a route for more than $5 trillion in trade each year in which the Philippines, Brunei, Malaysia and Taiwan also have claims

Property 25 Dec 2017 | 11:01 PM

China expands land in disputed South China Sea area

BEIJING: China has "reasonably" expanded its islands in the disputed South China Sea and this year construction projects there including radar facilities covered about 290,000 square meters (72 acres), according to a new government report.

Business 25 Jan 2017 | 12:00 AM

White House warns China on trade, South China Sea

Washington: The White House has warned China that the United States will defend “international interests” in the South China Sea and that trade must be a “two-way street.”

Business 26 May 2014 | 7:30 AM

Taiwan building US$100mil port in South China Sea, no protest from China

TAIPEI/HONG KONG: Taiwan is building a US$100 million port next to an airstrip on the lone island it occupies in the disputed South China Sea, a move that is drawing hardly any flak from the most assertive player in the bitterly contested waters - China.

Corporate News 09 Aug 2018 | 10:41 PM

Chinese firms cementing role in South China Sea in areas disputed by Malaysia, others

HONG KONG/SHANGHAI: Beijing's giant state-owned enterprises are playing an increasing role in China's build-up in the South China Sea and could seek to cement their dominant position in coming years, according to new research.

Business 28 Aug 2012 | 12:00 AM

China's CNOOC tenders another 26 offshore blocks, many in South China Sea

BEIJING: CNOOC, China's top offshore oil producer, is looking to team up with foreign companies this year to explore for oil and gas in another 26 blocks, including 22 in the strategically important South China Sea, although an analyst said none of these were in disputed territory.

Business 12 Feb 2019 | 12:00 AM

China upbeat on US trade talks, but South China Sea tensions weigh

BEIJING: China struck an upbeat note as trade talks resumed with the United States, but also expressed anger at a US Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

Business 19 Jun 2014 | 8:06 AM

China scolds Vietnam for 'hyping' South China Sea oil rig row

HANOI/BEIJING: China's top diplomat scolded Vietnamese officials during talks in Hanoi on Wednesday for "hyping up" a row over a Chinese oil rig drilling in disputed waters in the South China Sea, in tough comments that suggest relations will remain rocky.

Corporate News 14 Dec 2015 | 2:46 AM

Alibaba agrees on $266mil acquisition deal with South China Morning Post

SHANGHAI: Alibaba Group Holding Ltd has agreed on a HK$2.06 billion ($265.8 million) deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd <0583.HK>, the newspaper group said in a statement on Monday.

Business 15 Feb 2012 | 12:00 AM

BP gets ok for gas exploration in South China Sea

SHANGHAI, Feb 15 (Reuters) Londonbased oil giant BP has won permission to explore for deepwater gas reserves in the South China Sea from China's Ministy of Commerce, the China Daily reported on Wednesday.