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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......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

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......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 26th, 2024

What to expect from Sec. Ralph Recto leadership at DOF

Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

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......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

54 buses to offset LRT-1 shutdown for Cavite extension, Holy Week

The Department of Transportation will be deploying passenger buses starting Wednesday to offset the shutdown of LRT-1 operations during the Holy Week and in preparation for the opening of five new stations this year......»»

Category: newsSource:  philstarRelated NewsMar 27th, 2024

Minor apprehended for stealing coins from water dispensing machine

CEBU CITY, Philippines — Authorities here apprehended a minor for reportedly stealing coins from a water dispensing machine on Tuesday, March 12. The crime took place inside a carwash in B. Aranas Extension, Brgy. Duljo Fatima, Cebu City around 1:30 a.m. on Tuesday, police in Mambaling Police Station reported. READ: 16-year-old ‘robbed’ schools in Olango.....»»

Category: newsSource:  inquirerRelated NewsMar 12th, 2024

Cebu bus terminals: 100,000 passengers expected on March 27

CEBU CITY, Philippines — At least 100,000 passengers are expected to flock to two of the biggest bus terminals here in Cebu for the Holy Week this year. As early as 7 a.m. on Holy Wednesday, dozens already queued for buses at the Cebu North Bus Terminal (CNBT) in the North Reclamation Area. READ MORE:.....»»

Category: newsSource:  inquirerRelated NewsMar 27th, 2024

Trade gap expected to widen further

The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Grand Chicken Inasal Festival seen next year

Grand Chicken Inasal Festival seen next year.....»»

Category: newsSource:  sunstarRelated NewsMay 28th, 2024

Investree Philippines to close shop next year

Investree Philippines Inc., the country’s first crowdfunding intermediary and funding platform, is ceasing operations next year......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2024

Gabbi Garcia waging-wagi rin sa Miss Universe PH 2024; join na next year?

MAS tumindi pa ang panawagan ng mga pageant fans na mag-join na sana si Gabbi Garcia sa Miss Universe Philippines pageant next year. Bumuhos ang papuri para sa Kapuso actress mula sa mga nakapanood sa grand coronation night ng Miss Universe Philippines 2024 kagabi na ginanap sa Mall of Asia Arena. Baka Bet Mo: Rabiya.....»»

Category: newsSource:  inquirerRelated NewsMay 23rd, 2024

DA wants P35 billion budget for rice program next year

The Department of Agriculture is seeking a 15 percent increase in the budget of its national rice program next year to further boost local rice production and ensure country’s food st.....»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

Old school calendar returning next year

The Department of Education will commit to President Marcos’ decision to revert to the old school calendar by next year, according to an agency official......»»

Category: newsSource:  philstarRelated NewsMay 6th, 2024