Advertisement

1 billion peso price tag for summits 'money well spent'

2-MIN READ2-MIN
SCMP Reporter

The series of Asian summits which wound up yesterday cost the Philippine government about 1 billion pesos (HK$160 million) and it was money well spent, a senior official said.

'We have not worked out the final numbers as yet but it should be around 1 billion pesos,' said Marciano Paynor, head of the summits' organising committee.

'What did it buy us? Goodwill and good publicity.'

Advertisement

The estimate covers both a hastily postponed meeting last month and the annual summit of the 10-nation Association of Southeast Asian Nations, its meetings with dialogue partners and the 16-nation East Asia summit held yesterday.

The government of Philippine President Gloria Macapagal-Arroyo came in for criticism for postponing the meetings in the resort of Cebu.

Advertisement

It cited an approaching typhoon, but foreign governments had issued warnings of terror attacks.

Advertisement
Select Voice
Select Speed
1.00x