A large potential, yet with a relatively small economic footprint – that is how scientists described the blue economy yesterday during the 39th Annual Scientific Meeting of the National Academy of Science and Technology (NAST). Philippine marine ecosystems can contribute to the economy a monetary value of about $970 billion up to $1.5 trillion per year, said Dr. Ronald Mendoza, dean of the School of Government, Ateneo de Manila University. The study looked at the economic and social activities in relation to the seas and coastal areas, and provided updated estimates of the real value of the country’s marine ecosystems’ goods and services (in total annual indirect and other benefits).

Icamina, P. (2017, July 14). Scientists upbeat on PH fisheries prospects. Malaya Business Insight, p, A4.