PRESIDENT Ferdinand R. Marcos,
Mr. Marcos said the upskilling of the country’s labor force was powering economic growth, including remittances from migrant Filipino workers. “Our strong macroeconomic fundamentals, fiscal discipline, structural reforms and liberalization of key sectors instituted over the years have enabled us to withstand the negative shocks caused by the pandemic and succeeding economic downturns, and map a route toward a strong recovery,” Mr. Marcos said, based on a statement from the presidential palace.
The Philippines is grappling with soaring prices of onions, widely used in many local dishes, and prompting the government to approve emergency imports.
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