Philippines, Malaysia agree to cooperate on tackling Abu Sayyaf kidnappings
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
KUALA LUMPUR (Reuters) - The Philippines on Thursday agreed to allow Malaysia and Indonesia to carry out "hot pursuits" in its territorial waters, as the three nations look to tackle kidnappings and piracy by Islamist Abu Sayyaf rebels.
The announcement was made by Prime Minister Najib Razak after a meeting with Philippine President Rodrigo Duterte, who is on a two-day visit to Malaysia.
"When we reach their waters, they have allowed us to keep chasing these kidnap-for-ransom groups," Najib said at a news conference.
He said the agreement would be further discussed at a meeting between the three countries on Nov 22 in Vientiane.
Abu Sayyaf rebels have been intercepting slow-moving tugboats in waters near the borders of Malaysia and the Philippines, taking captive more than a dozen Indonesian and Malaysian sailors.
Several hostages have been freed, after paying ransom to the Abu Sayyaf, a group linked to al-Qaeda and known for kidnappings and beheadings, including of two Canadians this year.
On Monday, the Philippine military said a German national was believed to be the latest person to be taken hostage. His companion, a woman, was found dead on a yacht abandoned on a remote island in the Sulu archipelago, an Abu Sayyaf stronghold.
The Abu Sayyaf is holding another 15 captives, including a Netherlands citizen, five Malaysians, two Indonesians and seven Filipinos.
(Reporting by Rozanna Latiff; Editing by Nick Macfie)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Death toll rises as cargo train explodes in Bulgaria
- Turkish karate group seeks asylum in Germany
- Prudential investigating Wells Fargo partnership after scandal
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!