Philippines traders want more support from Marcos’ administration

Business groups in the Philippines want President Ferdinand Marcos Jr. to provide a clear roadmap for his six-year term as the economy faces rising inflation, ballooning government debt, and a darkening global outlook. The Philippine Chamber of Commerce and Industry, Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI), Philippine Retailers Association (PRA), Philippine Amalgamated Supermarkets Association, Inc., Electric Vehicle Association of the Philippines, the British Chamber of Commerce Philippines (BCCP), and others have issued their respective statements just before Marcos delivered his first State of the Nation Address on Monday. During the campaign period, Marcos promised cheaper food, more jobs, more roads, and better public facilities, and urged overseas workers to return to the country.