NEDA urges caution on creation of ecozones

The government should be cautious about the creation of new economic zones in the country as this does not always result in strong development in localities, the National Economic and Development Authority said......»»

Category: financeSource: philstar philstarSep 28th, 2020

DILG urges LGUs to support the operation of 12 FMAs

The Department of Interior and Local Government (DILG) urged the local government units (LGUs) on Monday to support the operation of the 12 Fisheries Management Areas (FMAs) in the country. (MANILA BULLETIN) DILG Secretary Eduardo Año issued the call specifically to the localities lying near the coastal areas. He explained that the FMA is a spatial delineation of Philippine waters as a means to manage fisheries at an appropriate scale.  Año noted that the Bureau of Fisheries and Aquatic Resources (BFAR) has established 12 FMAs composed of contiguous regions which share the same coasts. The DILG chief also emphasized that the preservation and management of aquatic resources, including coastal and fisheries, like other functions of the government, must not cease despite the COVID-19 crisis. Año said the LGUs should lead in the management of shared coasts and ocean for the benefit of all. “The establishment of FMAs is provided by law and it is the enshrined mandate of LGUs to protect and preserve our natural resources, including all coastal areas,” Año said. The Department of Agriculture had earlier issued  Fisheries Administrative Order (DA FAO) No. 263, s. 2019 which pushes for the creation of FMAs that are fully functional and supervised by a governing body. In support of the DA directive, Año issued DILG Memorandum Circular 2020-121 directing LGUs to be part of  the multi-sectoral Management Board and to work with other sectors in ensuring that the shared resources and fish stocks within the FMAs are properly managed. Año said that “one or more local chief executive (LCE) of LGUs  shall co-chair the said management board, together with the BFAR Regional Fisheries Office.’’ “Aquatic and fisheries resources are aspects of local governance that demand LGUs’ attention and with a representative from the LGUs in the FMA Management Board,’’ he added. “Regional composition of the 12 FMAs are as follows: Regions 2, 3, 4A, and 5 for FMA 1; Regions 8, 13 and 11 for FMA 2; Regions 12, 9 and BARMM for FMA 3; Regions 6, 7, 9, and BARMM for FMA 4; Regions 4B and 6 for FMA 5; Regions 1, 3, 4A, 4B and NCR for FMA 6; Regions 4A, 5, and 8 for FMA 7; Regions 8 and 13 for FMA 8; Regions 7, 8, 9, 10, and 13 for FMA 9; Regions 7, and 8 for FMA 10; Regions 5, 6, 7, and 8 for FMA 11; and, Regions 4A, 4B, 5, and 6 for FMA 12,’’ the DILG said. Año also urged LGUs to participate in the development of the FMA Ecosystem Approach to Fisheries Management (EAFM) Plan or EAFM Framework. He said that this will lay down the policies and strategic actions of the FMA to be implemented by the LGUs and BFAR field offices within the FMA......»»

Category: lifestyleSource:  abscbnRelated NewsOct 19th, 2020

DOF seeks swift passage of 2021 budget, economic measures

The Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the timely enactment of the P4.506 trillion 2021 national budget is a key component of the government’s comprehensive program under its economic bounce-back plan. On top of the budget, Dominguez also said that a “timely and decisive” passage of several economic priority measures are needed to accelerate economic recovery. The priority measures, now pending in Congress, include the Financial Institutions’ Strategic Transfer (FIST) Act, and the Government Financial Institutions’  Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill. FIST allows banks to dispose of bad loans and non-performing assets through asset management companies, while GUIDE seeks to allow state-run banks to form a special holding company that will infuse equity, with strict conditions, into strategically important companies facing insolvency.  Likewise, the finance chief urged the Senate to pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will  immediately lower the corporate income tax (CIT) rate from 30 percent to 25 percent. “The swift enactment of CREATE, FIST, GUIDE and the 2021 budget will serve to accelerate our economic recovery. We should not delay providing urgent and necessary relief to our people,” Dominguez said during the Development Budget Coordination Committee (DBCC) briefing. The DBCC is composed of the heads of the Department of Budget and Management (DBM), DOF, National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP); and a senior representative from the Office of the President (OP). “We are committed to working closely with you on the recovery measures so that these can be enacted in a timely, decisive, and responsible manner,” Dominguez told members of the panel chaired by Senator Juan Edgardo Angara. He said the Duterte administration will continue to work with the legislature in passing the remaining packages of the comprehensive tax reform program (CTRP) that will, among others, institute reforms in property valuation and in the taxation of the financial sector. Dominguez said economic recovery also rests on sustaining President Duterte’s signature program “Build, Build, Build,” as sound infrastructure investments provide the largest multiplier effect on the economy in the form of more jobs creation,  increased consumption, and the generation of additional productive activities......»»

Category: newsSource: NewsSep 9th, 2020

U.N. urges global debt deal to prevent disaster in poorer countries

GENEVA, Switzerland – The United Nations called on Thursday, April 23, for a global debt deal, including the creation of an international body to oversee "substantive debt relief" to prevent an economic catastrophe in poorer nations amid the pandemic. A report from the United Nations Conference on Trade, Investment, and ........»»

Category: newsSource:  rapplerRelated NewsApr 24th, 2020

Del Rosario urges Duterte gov t: Protest new Chinese districts in South China Sea

MANILA, Philippines – Former foreign secretary Albert del Rosario called on the Duterte government to file a diplomatic protest against China's creation of two districts in the South China Sea, saying the Philippines must be "extra vigilant" in defending its sovereign rights even as it combats the coronavirus ........»»

Category: newsSource:  rapplerRelated NewsApr 20th, 2020

NEDA urges government to prioritize support for production of essential goods

CEBU CITY, Philippines—Amid the country’s fight against the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and Development Authority (NEDA) said the government should prioritize support for the production of essential goods and personal protective equipment. The NEDA, through an emailed press statement, said there is a need for “a regular review of rules or […] The post NEDA urges government to prioritize support for production of essential goods appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsApr 8th, 2020

CHR cautions against making light of torture, urges creation of anti-torture body

On February 10, Duterte promoted the use of torture against "ninja cops" while addressing local executives in Pasay......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2020

NEDA urges public to join anti-corruption campaign

After the Philippines fell 14 notches in the 2019 Corruption Perceptions Index of Transparency International, the National Economic and Development Authority has urged the public to increase participation in anti-corruption campaigns and refrain from spreading false information......»»

Category: financeSource:  philstarRelated NewsJan 27th, 2020

NEDA urges LGUs to develop creative industries

Following the addition of Cebu and Davao in the list of UNESCO Creative Cities, the National Economic and Development Authority is urging local government units to harness the potential of their creative industries to enable these to contribute to growth and development......»»

Category: financeSource:  philstarRelated NewsNov 13th, 2019

Philippines embassy in Beirut urges Pinoys to take caution

The Philippine embassy in Beirut urged Filipinos in Lebanon to take the necessary precautions in view of ongoing protests across the country......»»

Category: newsSource:  philstarRelated NewsOct 20th, 2019

Go urges creation of Palace-backed sports school

Senator Christopher Lawrence “Bong” Go pushed for the establishment of the Philippine High School for Sports (PHSS), citing the opportunities that will be accorded outstanding student athletes. At the hearing of Senate Bill 1086 on Tuesday, Go said he has always been “very vocal and public about my advocacy of passing this legislative measure” and […] The post Go urges creation of Palace-backed sports school appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 2nd, 2019

NEDA urges improvements in Security of Tenure bill

The National Economic and Development Authority (NEDA) has informed President Duterte of the need to improve the Security of Tenure bill to balance the interests of businesses and workers......»»

Category: financeSource:  philstarRelated NewsJul 25th, 2019

Locsin urges caution on EU funding for NGO

Locsin urges caution on EU funding for NGO.....»»

Category: newsSource:  thestandardRelated NewsJun 2nd, 2019

Britain s FM urges caution over Huawei role in 5G network

LONDON, United Kingdom – British Foreign Secretary Jeremy Hunt has urged caution over the role of China's Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks. His comments come after Prime Minister Theresa May conditionally allowed China's Huawei to build the UK 5G network ........»»

Category: newsSource:  rapplerRelated NewsApr 29th, 2019

DTI open to creation of China industrial ecozones

MANILA, Philippines - The Department of Trade and Industry is amenable to the creation of a potential China industrial economic zone in the country as part o.....»»

Category: financeSource:  philstarRelated NewsNov 17th, 2016

Philippines to have gross national happiness index

MANILA, Philippines – The National Economic and Development Authority (NEDA) is preparing the creation of a local Gross National Happiness Index to measure t.....»»

Category: newsSource:  philstarRelated NewsNov 1st, 2016

As legislators urge caution on China megadeals, NEDA says MOUs cover only feasibility studies

As legislators urge caution on China megadeals, NEDA says MOUs cover only feasibility studies.....»»

Category: newsSource:  interaksyonRelated NewsOct 30th, 2016

As legislators urge caution on China megadeals, NEDA says MOUs cover only feasibility studies

As legislators urge caution on China megadeals, NEDA says MOUs cover only feasibility studies.....»»

Category: newsSource:  interaksyonRelated NewsOct 30th, 2016

MBC welcomes stronger China ties, but urges caution on US

MANILA, Philippines – The Makati Business Club (MBC) welcomed yesterday the government’s push to revitalize the country’s relationship with China, but said i.....»»

Category: financeSource:  philstarRelated NewsOct 25th, 2016

Left hails split from US but urges caution on China, Russia; lawmaker split over move

Left hails split from US but urges caution on China, Russia; lawmaker split over move.....»»

Category: newsSource:  interaksyonRelated NewsOct 21st, 2016

Robredo urges caution as Du30 talk tells on peso

Robredo urges caution as Du30 talk tells on peso.....»»

Category: newsSource:  thestandardRelated NewsOct 5th, 2016