The National Economic and Development Authority (NEDA) does not support the increase of interest rates, noting that it could hurt consumers amid high inflation. “If I were in the Monetary Board, I would say no. We have been the most aggressive in the region in raising interest rates,” NEDA...
The government’s inter-agency body on inflation has officially recommended to President Marcos that the reduced import tariff on rice be extended until the end of next year, the National Economic and Development Authority (NEDA) said. After the Oct. 3 meeting of the Inter-Agency Committee on...
The country's unemployment rate plunged to 4.4 percent, equivalent to 2.21 million jobless Filipinos in August, the Philippine Statistics Authority (PSA) reported. The latest number is lower than the 4.8 percent or 2.27 jobless individuals recorded in July and the 5.3 percent or 2.68 million...
The National Innovation Council (NIC) on Wednesday, Sept. 27, launched the National Innovation Agenda and Strategy Document (NIASD) for 2023-2032. NIC Chairperson President Ferdinand R. Marcos, Jr. led the event, along with Arsenio M. Balisacan, National Econonmic and Development Authority...
The National Economic and Development Authority (NEDA) has welcomed the signing of the Trabaho Para sa Bayan (TPB) Bill into law. Senate Majority Leader Joel Villanueva filed the measure with the aim of tackling various labor market challenges such as unemployment, underemployment, youth...
President Marcos on Tuesday, Sept. 27, scrapped the proposed temporary implementation of rice tariff reduction which would’ve aimed to address the surge of rice prices in the market. President Ferdinand Marcos Jr. (Photo from the Presidential Communications Office) A statement from the...
Sen. Imee Marcos joined protesters on Tuesday, Sept. 26 in front of the Department of Finance (DOF) office calling for the removal of National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Finance Secretary Benjamin Diokno. Sen. Imee Marcos joins protesters in...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, Sept. 21, that the Department of Environment and Natural Resources (DENR) and the Department of Information and Communications Technology (DICT) will sit as members of the NEDA Board’s Committee on...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said they support the proposal to ban Philippine Offshore Gaming Operators (POGOs) in the country, stressing legitimate investments are encouraged over those that "promote negative externalities to society." NEDA...
President Marcos will soon issue an executive order (EO) that will expedite the processing of licenses and permits for the implementation of flagship infrastructure projects of the administration. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/KJ Rosales) National Economic...
The National Economic and Development Authority (NEDA) said it will discuss with President Marcos other ways to reduce the rising prices of rice instead of using a price cap. In a briefing on Thursday, Sept. 21, NEDA Secretary Arsenio M. Balisacan said the rice price ceilings imposed by the...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the country is exploring the integration of digital technologies and green processes for sustainability. Balisacan said that a green and digital transition is vital for the country’s sustainable growth. "Going...
