Duterte ends China oil talks, leaving big task ahead for new Philippines' president Marcos

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Posing a challenge for incoming leader Ferdinand Marcos Jr. if he wishes to restart discussions.

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"We got as far as it is constitutionally possible to go,” said Foreign Affairs Secretary Teodoro Locsin, whose term ends with Duterte on June 30."One step forward from where we stood on the edge of the abyss is a drop into constitutional crisis.”

Its parent Philex Mining Corp. also fell 11.5%, the most since February 2017. PXP said in April that it had been ordered by the government to halt activities in the contested waters. Sea tensions between the two nations have also risen in the past weeks, with the Philippines’ protesting Beijing’s presence in the disputed area, as well as accusing China of illegal fishing and shadowing of Filipinos’ boats.

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