Marcos: P58 billion rolled out in response to effects of Middle East war

In his fifth State of the Nation Address, President Ferdinand Marcos Jr. announced the distribution of a P58 billion fund to local governments, aimed at mitigating the impacts of the Middle East conflict. This move highlights the government's proactive response to geopolitical tensions that have rippled through global markets and affected local economies. The allocation underscores the administration's commitment to economic stability amid international turmoil, signaling a strategic effort to bolster local resilience against external shocks.