Senate leaders on Monday expressed support for studying the possible postponement of the Philippines’ hosting of the 2026 ASEAN Summit and Related Summits, citing the need to save over ₱17 billion amid economic pressures from the Middle East conflict.
Senate President Vicente Sotto III said the proposal, raised by former Finance Secretary Margarito Teves, deserves consideration.
“The Executive department might consider that. The times call for such a possible move,” Sotto remarked.
Senate President Pro Tempore Panfilo Lacson echoed the sentiment, noting ASEAN neighbors would likely understand if the Philippines delayed its hosting.
“Former Secretary Gary Teves’ proposal merits at least serious study and possible reconsideration. I think our ASEAN neighbors would understand,” he said.
The Philippines assumed ASEAN chairmanship for 2026 after Malaysia. Last year, the Marcos administration sought congressional approval for a ₱17.49 billion budget to cover summit expenses.
Senator Imee Marcos also opposed the hefty spending, suggesting a scaled-down approach.
“Pwedeng simpleng meetings na lang at pati mga kapwa nating members sa ASEAN namomroblema rin,” she said.
“Kung nakakahiya na i-postpone, ituloy na lang natin as meetings. Simplified ng todo and use the opportunity to meet and ask for support for oil-producing members like Brunei, Indonesia, and Malaysia.”
Earlier Monday, Malacañang downplayed fears of an oil crisis, assuring that fuel supply remains sufficient while acknowledging a “price disruption.”