The Marcos administration aims to lift more Filipinos above the poverty line by reducing the volume of poor individuals to 13.2 percent or lower this year, deflating by 2.3 percent from 2023. “With the robust labor market performance and inflation deceleration in 2024, we expect to see...
The Philippines' chief economist is looking forward to benefits in case talks for a free-trade agreement (FTA) between the Philippines and the United States can be kickstarted when Donald J. Trump returns to the White House early next year. "Of course, we should" was Socioeconomic...
Trump’s return to power carries a high risk of imposing 20 percent tariffs on non-China countries, which could negatively impact the Philippine economy, a Cabinet official said. Imposing tariffs of 20 percent on non-China countries and 60 percent on China could affect the global economy, “and...
The National Economic and Development Authority (NEDA) said public-private partnerships (PPPs) are vital in bolstering the Philippines' disaster resilience, particularly in developing climate-resilient infrastructure. During the opening of the 2024 Asia-Pacific Ministerial Conference on Disaster...
The World Intellectual Property Organization (WIPO) reported that the Philippines climbed to 53rd place among 133 economies in the Global Innovation Index (GII), reflecting increased efforts to strengthen innovation. In a statement, the National Economic and Development Authority (NEDA) said the...
The National Economic and Development Authority (NEDA) has urged the swift passage of the Konektadong Pinoy Bill to ensure improved internet access. After the sixth Legislative-Executive Development Advisory Council (LEDAC) meeting on Sept. 25, NEDA released a statement indicating that the...
The National Economic and Development Authority (NEDA) has underscored the pivotal role of a robust middle class in driving the Philippines' sustained economic growth and development. In a keynote address at the 10th Annual Public Policy Conference, NEDA Secretary Arsenio M. Balisacan emphasized...
The government is intensifying its commitment to sustainable growth and climate resilience through investments in infrastructure and innovation, the National Economic and Development Authority (NEDA) said. At the Fourth Philippines-Singapore Business and Investment Summit, NEDA Secretary Arsenio M....
Despite the string of strong typhoons that battered economically-productive parts of the Philippines so far in the third quarter, the country's chief economist still expects to hit the targeted economic expansion for 2024. "We're confident we'll achieve our six- to seven-percent growth target this...
The long-term growth and development of the Philippines would depend on efforts to create a favorable investment environment that encourages economic diversification across multiple sectors, the National Economic and Development Authority (NEDA) said. During the US-ASEAN Business Council’s...
The National Economic and Development Authority (NEDA) clarified that the latest poverty and food thresholds, which some have criticized as unrealistic, are not meant to serve as budget guidelines for a decent standard of living. NEDA Secretary Arsenio M. Balisacan said that these thresholds are...
The National Economic and Development Authority (NEDA) reported a substantial increase in concessional loan disbursements received by the Philippines from its development partners last year, primarily earmarked for financing infrastructure projects. NEDA Secretary Arsenio M. Balisacan said on...
