President Ferdinand Marcos announced that the Philippines is making progress in potential energy exploration talks with China, despite ongoing territorial disputes in the South China Sea. Marcos stated that the recent surge in global energy prices, driven by the Middle East conflict, has heightened the urgency for additional energy supplies.
The Philippines, heavily reliant on oil imports, has faced increased inflation and economic slowdown due to soaring fuel prices. Marcos emphasized the need for joint energy exploration in the West Philippine Sea, as well as other areas, to secure the country's energy needs.






























