PRESIDENT Ferdinand 'Bongbong' Marcos Jr. on Thursday has green lighted a P11.2 billion project meant to address the problems hounding the fishery sector, reducing poverty incidence, and ensuring food security, Malacañang said Thursday.

To be spearheaded by the National Economic and Development Authority (NEDA), the Philippine Fisheries and Coastal Resiliency (FishCoRe) initiative was conceptualized to address the problems in the fishery sector, such as declining fish catch, high post-harvest losses, and high poverty incidence among fisherfolk.