In his second State of the Nation Address (SONA) to Congress, Mr. Marcos cited the country’s growth momentum post-pandemic, buoyed by government efforts to improve agricultural production and infrastructure connectivity, among other--- READ MORE:
President Ferdinand Marcos Jr. on Monday described the state of the nation as “sound and improving” despite rising hurdles, with inflation and the threat of the El Niño phenomenon among the biggest challenges.
“What this means is that in spite of all the difficulties, we are transforming the economy. We are stabilizing the prices of all critical commodities,” he said. Mr. Marcos said he will likewise issue an amnesty proclamation for rebel returnees, citing the need for unity and social cohesion. He said the country is also preparing for the full impact of the El Niño phenomenon as he ordered government agencies to improve buffer stock and implement cloud-seeding if necessary.
“Physical connectivity infrastructure—such as roads, bridges, seaports, airports, and mass transport—accounts for 83 percent of this program. Our infrastructure spending will stay at 5 to 6 percent of our GDP,” he said. Mr. Marcos, however, called the attention of the National Grid Corporation of the Philippines over 68 delayed grid connections.
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