Malaysia backs PH in dispute vs China

Posted at 05/29/2012 11:40 PM | Updated as of 05/29/2012 11:40 PM

MANILA, Philippines - Malaysia is supporting the Philippines' stand that Manila's dispute with China over ownership of Scarborough shoal should be resolved based on the United Nations Convention on Law of the Sea (UNCLOS), Vice President Jejomar Binay said Tuesday.

Binay, in a press statement, said he met with Malaysian Prime Minister Dato Sri Najib Tun Razak, who aired Kuala Lumpur's support.

Binay said Razak also supports the participation of Association of Southeast Asian Nations (ASEAN) members who are claiming parts of the disputed Spratlys to join talks to resolve the Panatag dispute.

"I conveyed to the Prime Minister our government's position on the dispute with China over Panatag Shoal and he supports our position that it should be resolved based on international law," Binay said.

"Both the Philippines and Malaysia agree that there needs to be a legal commitment to enter into a peaceful resolution of the dispute," he added.

Binay was earlier keynote speaker at the Philippines-Malaysia Investment Partnership Forum where he expressed confidence that the two countries "will continue to work together until the issues are satisfactorily resolved in favor of peace and economic cooperation."

Around 35 business leaders belonging to the Philippine Chamber of Commerce and Industry, and the Employers' Confederation of the Philippines joined jim in his visit to Malaysia.

Binay believes that the forum will bring in more investments in key industries of the Philippines and boost interest in Mindanao as an investment destination.