The Asean Summit is an opportunity for the Philippines to seek a regional agreement that the member-nations won’t impose restrictions on each other’s rice supply.
“The Asean Summit is an opportunity for PBBM [President Ferdinand R. Marcos Jr.] to push for a regional consensus that we will not restrict each other’s rice supply,” the lawmaker-economist said. The PSA said the country’s inflation hit 5.3 percent in August, which was higher than the 4.7 percent seen in July but slower than the 6.3 percent recorded in August 2022.
“The Asean Summit provides an excellent venue for President Marcos to showcase the distinct advantages the Philippines has as a trade and investment hub so as to create more jobs and business opportunities for the Filipino people,” Romualdez said. “The steady recovery of the region from the pandemic and its improving macro-economic fundamentals amid geo-political headwinds make Asean a favored destination of foreign investments, and the Philippines can capitalize on this trend for the benefit of our people,” Romualdez said.
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