President Ferdinand “Bongbong” Marcos Jr. on Thursday hailed the country’s continued economic growth and reaffirmed its independent foreign policy as he led the commemoration of the 127th anniversary of Philippine independence at Malacañan Palace.
Speaking before members of the diplomatic corps, top government officials, and foreign dignitaries, the President praised the enduring legacy of the Filipino people’s fight for freedom and emphasized the country’s evolving role in global affairs.
“From the birth of our state to this day, the country has forged a path to developing its national identity guided by the values of freedom and democracy, as inspired by our own struggles,” Mr. Marcos said.
“We muster once again that same courage in the face of new challenges confronting the nation and the world,” he added.
The President recalled the historic efforts of Filipino revolutionaries to gain international recognition in 1898 and drew parallels to today’s diplomatic efforts to secure global support for the country’s development goals.
“Our diplomats are tasked to secure international support for the Philippines’ national development agenda and the global recognition of our role as a reliable partner, a trusted peacemaker, and an innovative path maker,” Marcos said.
He highlighted the country’s foreign policy direction under his administration, underscoring a commitment to diplomacy rooted in mutual respect and national interest.
“We build bridges, not walls. We forge alliances that are based on mutual respect, reciprocity, and shared goals,” Marcos said.
“Our engagements with the world are geared toward building peace and cooperation and fostering enduring partnerships,” he added.
The chief executive also highlighted the Philippines’ 5.4-percent Q1 2025 economic growth, among the fastest in Southeast Asia, expressing confidence in achieving the 6-percent annual GDP target.
The growth spans agriculture, industry, and services, driven by fiscal consolidation, easing inflation, and trade progress.
Marcos cited legislative measures aimed at improving investment and supporting inclusive growth.
Inflation sharply dropped to 1.3 percent in May, the lowest since November 2019, boosting purchasing power.
