Philippine President Rodrigo Duterte visited Chinese warships docked in his hometown on Monday, Xinhua News Agency reported. Duterte boarded the guided missile destroyer Changchun, which arrived with two other vessels in Davao city on Mindanao island on Sunday for a three-day goodwill visit. Duterte said he is open to the idea of conducting joint military exercises with China. "I agree (to the idea). They can have joint exercises here in Mindanao, maybe in the Sulu Sea," Duterte told reporters after visiting the warship at the Davao city wharf. Duterte said he was impressed by the warship. "It's all carpeted. It's so beautiful. Inside, it's like a luxury hotel," he said. "It's clean." He said the visit to the warship was part of the confidence building and goodwill between Manila and Beijing. "Goodwill games" of basketball and tugs-of-war were being staged between the Chinese sailors and their Filipino counterparts in Davao city, the Philippine Navy said in a statement. This is the first visit of People's Liberation Army Navy ships since 2010, signaling greater mutual trust and reduced tensions in the South China Sea, officials and experts said. The three vessels - the Changchun, the guided missile frigate Jingzhou and the supply ship Chaohu - fall under the command of Rear Admiral Shen Hao, the PLA Navy deputy commander of the East Sea Fleet, who led the flotilla. The visit will strengthen the relationship between the Chinese and Philippine navies and contribute to the development of traditional friendship and ties between the two countries, said Admiral Miao Hua, the political commissar of the PLA Navy, who spoke on Sunday at the welcome ceremony. He led another Chinese delegation to the Philippines for a visit. Sara Duterte, mayor of Davao city and the president's daughter, said on Sunday she hoped the visit would promote exchanges on maritime issues and cooperation between the two countries. The trio of Chinese ships set sail from Shanghai on April 24 and will visit about 20 countries in Asia, Europe, Africa and Oceania on a 180-day voyage. This is the longest goodwill visit with the greatest number of countries visited the PLA Navy has ever made, Xinhua reported. The ships' visit to the Philippines came a day after the meeting of the leaders of the Association of Southeast Asian Nations in Manila. Zhang Xuegang, a Southeast Asian studies expert at the China Institutes of Contemporary International Relations, said the voyage would facilitate stronger trust between the two countries and further reduce tension in the South China Sea. "The goodwill visit shows that China is willing to work with any ASEAN country to promote regional peace and security," Zhang said. [email protected]wellies and wristbandsbatman wristbandrubber bracelet maker
Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] Hong Kong billionaire Li Ka-shing, 90, announced today he is retiring from his companies. Li said he will officially step down as the chairman of CK Hutchison and CK Asset later this year and will serve as a senior adviser. He will be succeeded by his elder son Victor Li Tzar Kuoi. The 89-year-old tycoon made the announcement at a press conference where his four listed companies, CK Hutchison, CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd., released their annual results. His net worth is $35.4 billion as of today, and is ranked 24th on the list of world's billionaires, according to forbes.com. Li is one of the richest and most influential tycoons in Asia, with interests in everything from ports and utilities to telecoms. His companies employ some 310,000 people in more than 50 nations. According to Forbes, his Li Ka Shing Foundation has donated more than $2.6 billion; over 80 percent has gone to Greater China. In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in HK with personal savings and funds borrowed from relatives. Li started out by supplying HK and the rest of the world with high-quality plastic flowers at low prices in the 1950s.
