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


August 15, 2025
PRESIDENT MARCOS REAFFIRMS PH-ROK STRATEGIC PARTNERSHIP DURING LEADERS’ PHONE CALL

Manila, Philippines - President Ferdinand R. Marcos Jr. held his first telephone conversation with President Lee Jae Myung of the Republic of Korea (ROK) on 14 August 2025, reaffirming the robust and enduring Strategic Partnership between the Philippines and the ROK. President Marcos also conveyed his warm congratulations to President Lee, who assumed office on 4 June 2025, and expressed full support for his administration. Both leaders also reiterated their mutual commitment to strengthening cooperation across key areas, including trade and investment, defense and security, and people-to-people exchanges. 

Read More
August 14, 2025
PHILIPPINE EMBASSY CELEBRATES BUWAN NG WIKA AND 3RD ESKWELAHAN SA EMBAHADA

10 August 2025 - Seoul. In celebration of Buwan ng Wika, the Philippine Embassy in Seoul held the 3rd edition of Eskwelahan sa Embahada on 10 August 2025. This cultural initiative was designed to connect Filipino children in South Korea with the richness of Filipino language, traditions, arts, and cuisine.

Read More
August 14, 2025
PH EMBASSY JOINS PINOY ISKOLARS SA KOREA IN RECOGNIZING GRADUATING AND EXEMPLARY FILIPINO STUDENTS IN KOREA

03 August 2025, Seoul - The Philippine Embassy in Seoul joined the Pinoy Iskolars sa Korea (PIKo) in recognizing graduating and exemplary Filipino student-scholars in Korea during its bi-annual event entitled “Hayo at Gilas: Pagkilala sa mga Nagsipagtapos at Natatanging Pinoy Iskolars sa Korea (PIKo)” held on 03 August 2025 at the Sentro Rizal Hall, Philippine Embassy, Seoul.

Read More