House Minority Leader 4Ps Party-list Rep. Marcelino Libanan is concerned that the projected severe El Niño episode might end up dampening the Philippines' recent economic achievements.
House Minority Leader 4Ps Party-list Rep. Marcelino Libanan is concerned that the projected severe El Niño episode might end up dampening the Philippines' recent economic achievements.House Minority Leader Marcelino Libanan said Sunday, July 23 that the projected severe El Niño episode might derail the Philippines' current economic upswing.
President Ferdinand "Bongbong" Marcos Jr. is set to deliver on Monday, July 24 his second SONA where he is expected to report on the country’s situation, the government’s agenda for the next 12 months, and recommend to Congress certain legislative measures. The Philippines’ gross domestic product is projected to grow at 6.0 percent this year – the highest in Southeast Asia, with Vietnam seen expanding by 5.8 percent, Indonesia by 4.8 percent, Malaysia by 4.7 percent, Thailand by 3.5 percent and Singapore by 1.5 percent, the Asian Development Bank said in an outlook released on July 19.
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