ASEAN cooperation for food security
Business World Philippines
|June 11, 2025
A recent poll indicated that the Filipino public would like the Marcos Jr. Administration to assign the highest priority to food security, together with healthcare and infrastructure.
Considering that a major reason for the high cost of food in the Philippines can be attributed to poor infrastructure such as farm-to-market roads, irrigation, and post-harvest facilities, one can conclude that addressing the shortage and poor state of physical infrastructures in the countryside can contribute directly to food security.
It is, therefore, worth celebrating that on May 26 to 27, the ASEAN Business Advisory Council (ASEAN BAC), through its chairperson Joey Concepcion, presented to the 10 ASEAN leaders (plus Timor-Leste) a plan for stronger collaboration in food and agriculture. We should rejoice that while there are parts of the developed world that are repudiating closer economic ties among countries by raising very high tariffs, we in the ASEAN are ever looking for ways to foster closer economic ties.
Mr. Concepcion highlighted the importance of the ASEAN Food Security Alliance (AFSA), which will serve as a platform for regional cooperation in agriculture and food systems. The most important objective of this alliance is the combatting of mass poverty and the enhancement of food resilience by harnessing the strengths of the leading agribusiness enterprises of the ASEAN.
It is notable that through the efforts of private businesspeople and entrepreneurs like Joey Concepcion and other members of the ASEAN BAC, it is the private sector that is taking the lead in driving collaborative and scalable solutions that build resilience, reduce hunger, and promote inclusive growth across the ASEAN region. Especially in the field of agribusiness, it is desirable that the private business sector assume the role of the engine of growth, with the Government providing the indispensable public infrastructure and regulatory framework.
Diese Geschichte stammt aus der June 11, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Judicial Reform Initiative: celebrating a decade of resolve
This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.
2 mins
December 19, 2025
Business World Philippines
It ain't over 'til the fat lady sings
For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.
6 mins
December 19, 2025
Business World Philippines
BPI plans to merge thrift units Banko, Legazpi Savings Bank
BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.
1 mins
December 19, 2025
Business World Philippines
Customs chief expects revenue collection to hit P939 billion this year
THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.
3 mins
December 19, 2025
Business World Philippines
Warner Bros. Discovery board rejects rival bid from Paramount
Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.
4 mins
December 19, 2025
Business World Philippines
Sun Life Grepa offers new insurance plan
SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.
1 min
December 19, 2025
Business World Philippines
Budget ratification and signing set for Dec. 29
PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.
5 mins
December 19, 2025
Business World Philippines
Grade 5 PHL students trail Southeast Asian peers in reading, math
GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.
4 mins
December 19, 2025
Business World Philippines
Wishes for the children
On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.
2 mins
December 19, 2025
Business World Philippines
The US needs to welcome immigrants, not demonize them
EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.
2 mins
December 19, 2025
Listen
Translate
Change font size

