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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

PEZA OKs P2.21 billion investments

The Philippine Economic Zone Authority has approved P2.21 billion worth of investments during its first board meeting last week......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 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

Marcos OKs military’s P2-trillion wish list for weapons, equipment

MANILA, Philippines — President Ferdinand Marcos Jr. has approved the military’s revised wish list for new weaponry and equipment to shore up the country’s defenses against threats, in the face of a rapidly evolving regional security landscape. The updated acquisition plan called “Re-Horizon 3” will focus on “an array of capabilities which will range from.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 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

Manila council OKs preserving Mali’s remains

The city council of Manila passed a resolution on Thursday authorizing Mayor Honey Lacuna-Pangan to enter into a contract with a taxidermy firm to preserve the remains of Mali, Manila Zoo’s elephant and main attraction......»»

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

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......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

SEC OKs Citicore Renewable IPO

The Securities and Exchange Commission has given its green light to the P11.252-billion initial public offering of Citicore Renewable Energy Corp......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Marcos Oks rice subsidies for cops, soldiers

Amid rumors of destabilization, President Marcos yesterday reaffirmed his commitment to promote the welfare of uniformed personnel and their families and announced the approval of funding for rice and health care benefits......»»

Category: newsSource:  philstarRelated NewsJan 17th, 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

Marcos Oks promotion of 4 PNP officials

President Marcos has approved the promotion of four Philippine National Police officials......»»

Category: newsSource:  philstarRelated NewsJan 12th, 2024

Cebu Daily Newscast: 16-year-old girl killed, 2 other minors injured in Liloan shooting

Listen to Cebu Daily Newscast to know the latest news in and around Cebu. Here are the latest stories as of Thursday, May 9. 16-year-old girl killed, 2 other minors injured in Liloan shooting A 16-year-old girl was killed, and two other minors were injured during a shooting in Barangay Yati in Liloan town on.....»»

Category: newsSource:  inquirerRelated NewsMay 9th, 2024

DENR looking into other structures at Chocolate Hills

The Department of Environment and Natural Resources (DENR) will look into other establishments operating at the Chocolate Hills in Bohol amid reports that there are other such structures within the protected area......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

MCWD eyes additional Board members from other LGUs

CEBU CITY, Philippines — The MCWD might include more members on its Board of Directors coming from other LGUs being served by the agency. The new members would represent the other highly-urbanized cities, including five municipalities under Cebu Province. In a press statement on Jan. 24, the MCWD board members said that they are ‘considering.....»»

Category: newsSource:  inquirerRelated NewsJan 25th, 2024

Government OKs P432 million climate adaptation projects

The government has greenlighted some P432 million worth of projects meant to aid climate vulnerable areas in the Philippines......»»

Category: financeSource:  philstarRelated News9 hr. 12 min. ago

Completion of flood control projects stalls

Completion of flood control projects stalls.....»»

Category: newsSource:  sunstarRelated News15 hr. 11 min. ago

DPWH completes P314.68 million road, flood control projects

The Department of Public Works and Highways has completed infrastructure projects in Luzon and the Visayas worth P314.68 million......»»

Category: newsSource:  philstarRelated NewsMay 8th, 2024

Groups file complaint against Manila Bay reclamation, dredging projects

Fishers and environmentalists on Monday filed a complaint against the Philippine Reclamation Authority (PRA) and the Department of Environment and Natural Resources over reclamation and dredging projects in Manila Bay......»»

Category: newsSource:  philstarRelated NewsMay 6th, 2024