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Job generation master plan out in Q4 – NEDA
The National Economic and Development Authority is looking to complete the country’s employment generation master plan in the fourth quarter of the year......»»
Government sticks to 6.5-7.5 percent growth target for 2024
Despite global and domestic headwinds, the government is still aiming to attain a 6.5 to 7.5 percent economic growth for this year, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan......»»
No weather disturbance in next 2 weeks – PAGASA
No weather disturbance is expected in any part of the country in the next two weeks, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration......»»
Over P1 fuel price hike seen next week
Oil prices are expected to increase next week, according to Department of Energy Oil Industry Management Bureau assistant director Rodela Romero......»»
Pump prices expected to increase next week
Pump prices are set for another round of increases next week......»»
Mixed movement at the pumps seen next week
Local oil companies are expected to implement a mixed movement in pump prices next week......»»
Exports expected to gradually recover this year
The Philippines is expected to see an improvement in exports this year, but the recovery would be gradual, according to think tank Oxford Economics......»»
Sara reveals she will run in next polls
Summary: Sara Duterte, the Vice President and Education Secretary, announced her intention to run in the next election during a visit to flood victims in Barangay Bago Gallera. In a Facebook Live video, she mentioned that her brothers, Davao City Mayor Sebastian “Baste” Duterte and First District Rep. Paolo “Pulong” Duterte, may not run in the next election, prompting her decision to campaign. However, she did not specify the position she would be running for. The upcoming election will be the 2025 midterm senatorial elections for senators, congressmen, and local officials, with the presidential national elections scheduled for 2028. Duterte also emphasized the importance of barangay development councils in times of calamity and stressed the need for disaster resilience and awareness among barangay officials and children. Additionally, she highlighted the significance of safety and security, urging trust in security personnel and caution against scammers and swindlers. Duterte also emphasized the importance of education for the younger generation and the equal opportunities it provides. This announcement comes amidst her visits to various areas in the Philippines, where she has been extending aid and addressing pertinent issues such as disaster resilience and community safety......»»
Gov t cuts growth target to 6%-7% — NEDA
In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»
NEDA approves 23 new priority infrastructure projects
The National Economic and Development Authority Board has approved the inclusion of 23 projects in the list of infrastructure flagship projects to be prioritized under the current administration, bringing the total cost to P9.14 trillion......»»
Mindanao railway project up for NEDA review
The government is evaluating anew the Mindanao Railway project to update costs and potential ridership, with the possibility of shifting financing mode to include the private sector, instead of purely loans......»»
Wage hike to cut GDP growth, raise unemployment – NEDA
The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»
EV players push ‘green traffic’ as NEDA readies tariff review
Electric vehicle industry players and clean air advocates are calling on the National Economic and Development Authority to lead the push to accelerate efforts to promote “green traffic” through the inclusion of e-motorcycles as part of those enjoying tax exemption as the agency starts its review of an executive order that modified the tariffs on EVs......»»
NEDA’s bid to scrap telcos’ congressional franchise requirement opposed
The head of the 28-member minority bloc in the House of Representatives has opposed a proposal of the National Economic and Development Authority to scrap the legislative franchise requirement for telecommunications companies......»»
Government to address price hikes – NEDA
The government is stepping up efforts to address price increases in basic commodities such as rice following a recent survey indicating that Filipinos are dissatisfied with efforts to manage inflation, according to the National Economic and Development Authority......»»
NEDA welcomes award of NAIA PPP
The award of the contract for the P170.6-billion project to rehabilitate the Ninoy Aquino International Airport highlights the emphasis of the Marcos administration in providing world-class air transportation infrastructure to achieve the government’s economic transformation agenda, according to the National Economic and Development Authority......»»
NEDA: Further reforms needed in telco industry
The National Economic and Development Authority is pushing for the passage of an open access framework bill and key reforms in the country’s franchising and licensing regime to further promote competition in the telco sector......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippines education to benefit from Cha-cha – NEDA chief
The country’s higher education system will greatly benefit from the easing of economic provisions of the Constitution, allowing the entry of renowned schools in the country, according to Socio-economic Planning Secretary Arsenio Balisacan......»»