“The Tribunal concluded that there was no legal basis for China to claim historic rights to resources within the sea areas falling within the ‘nine-dash line.’” the statement said.
More details to follow.
[For the latest Financial and Business news in the Philippines, read FinancialNews.ph]
BusinessNewsAsia.com is an online publication that focuses on business news, investments news, finance and economic news around Asia and around the world. It also features breaking stories and trending events happening around the across the globe.