EMBASSY OF THE REPUBLIC
OF THE PHILIPPINES


SEOUL REPUBLIC OF KOREA

news

Increased but controlled spending key to maintain RP's economic resiliency – PGMA


President Gloria Macapagal-Arroyo revealed here yesterday her government’s “battle plan” and strategy on how to keep the country’s economic resiliency in the face of the threat of recession confronting the entire world.

By embarking on increased but “controlled” spending on vital food, energy and infrastructure programs, the President said “we will be able to “secure our food, fuel and rice needs.” “So we intend to increase our spending and direct this spending to secure our food, fuel and rice needs which means investing in food security and energy security and also in jumpstarting our economy by investing in long delayed infrastructures – infrastructures that were needed from decades ago which we could not afford until now,” she added. President Arroyo spelled out her battle strategy to reporters on the sidelines of the 20th Anniversary of ASEAN-ROK Commemorative Leaders Summit yesterday. The President further pointed out that aside from the above-mentioned list of “spend-worthy” items, human and physical infrastructures are equally critical. “Spending in human and physical infrastructure means investments in education, healthcare and social services along with roads, bridges and ports,” the President stressed. She vowed, however, that this calculated and planned spending would not be used improperly assuring that “we will maintain benchmarks of fiscal discipline so that we will continue to have a stable macro-economic environment.” “The important thing is that we have jobs, jobs, jobs and jobs for our people,” the President emphasized.

Other News


June 20, 2025
PHL EMBASSY AND PINOY ISKOLARS SA KOREA HOLD ROUNDTABLE ON CONCERNS OF FILIPINO SCHOLARS IN KOREA

15 June 2025, Seoul. The Philippine Embassy in Seoul, in collaboration with Pinoy Iskolars sa Korea (PIKo), successfully held a Roundtable Discussion on the Present and Future of Filipino Scholars in South Korea on 15 June 2025 at the Sentro Rizal Hall.

Read More
June 20, 2025
PH EMBASSY MEETS KOREAN IMMIGRATION AND VISA LAWYERS’ ASSOCIATION ON LEGAL SUPPORT FOR FILIPINOS IN KOREA

Seoul, 05 June 2025 — The Philippine Embassy in Seoul, led by Deputy Head of Mission and Consul General Edwin Gil Q. Mendoza, met with the Immigration and Visa Lawyers’ Association of the Korean Bar Association (KBA), led by its Chairperson Atty. Jaewon Lee, at the Sentro Rizal Conference Room to explore possible partnerships in assisting foreigners on legal issues while in South Korea.

Read More
June 20, 2025
PHILIPPINES JOINS MEMBER ECONOMIES AT THE 2025 APEC SECOND SENIOR OFFICIALS’ MEETING AND RELATED MEETINGS IN JEJU, REPUBLIC OF KOREA

16 June 2025, Seoul – The Philippine Embassy in the Republic of Korea participated in the Second Senior Officials’ Meeting (SOM2) and Related Meetings of the Asia-Pacific Economic Cooperation (APEC) held in Jeju from 3 to 16 May 2025.

Read More