Burson-Marsteller Washington has registered a $700K agreement to promote investment in the Philippines.

The WPP unit’s agreement with the Philippines Dept. of Finance calls for positioning the country “as a competitive investment destination for foreign direct investments or investors.”

The shop’s duties include foreign media monitoring, communications support at events, media coaching/strategy and preparation of press releases.

B-M Hong Kong signed the agreement, which runs for a year, on May 14.

With one of Asia's fastest growth rates, the Philippines' August inflation rate of 6.4 percent was a nine-year high. President Rodrigo Duterte blamed the inflation rate uptick on the economic policies of Donald Trump, according to a Sept. 8 report by the South China Morning Post.

Duterte said he plans “to talk to friend Trump” and stressed that he doesn’t have the slightest misgiving about supporting the US president.