The National Economic and Development Authority (NEDA) has committed to support the formulation of regulations that enable industries to leverage productivity-boosting technologies such as artificial intelligence (AI). NEDA Secretary Arsenio M. Balisacan said that AI has substantial benefits,...
President Marcos' economic managers maintained that the National Food Authority (NFA) should continue its role in buffer stocking and intervene in the market only during emergencies. National Economic and Development Secretary Arsenio M. Balisacan said that any reforms to the state grains agency...
Despite the slowdown, President Marcos' three economic managers emphasized that the Philippines has maintained its position as one of the fastest-growing economies in the region. Budget Secretary Amenah F. Pangandaman, Finance Secretary Ralph G. Recto, and National Economic and Development...
While amending the economic provisions in the 1987 Constitution will attract more foreign investments, its impact on the country’s economy won’t be felt immediately, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, April 4. NEDA Secretary Arsenio...
The National Economic and Development Authority (NEDA) has stressed the urgent need for the Philippines to dismantle restrictions on key sectors of the economy that are holding back the country from matching the developments of its neighboring nations. NEDA Secretary Arsenio M. Balisacan said that...
The National Economic and Development Authority (NEDA) said the government is considering the approval of the planned privatization of the operations and maintenance (O&M) for two major railway projects this year. During the virtual SNAP Conversations 2024: Economic Outlook event, NEDA...
The National Economic and Development Authority (NEDA) said the implementing rules and regulations (IRR) of the Public-Private Partnership (PPP) Code will come into effect in the first week of April this year. NEDA Secretary Arsenio M. Balisacan said on Thursday, Feb. 22, that their goal is to...
President Marcos' chief economist cautioned that the implementation of the proposed P100 wage hike could result in heightened unemployment rates, a further acceleration of consumer prices, and a deceleration in economic growth. National Economic and Development Authority (NEDA) Secretary Arsenio M....
The National Economic and Development Authority (NEDA) said that the rising employment rate in the country would help cushion the impact of higher inflation on the purchasing power of Filipinos. In a statement, NEDA Secretary Arsenio M. Balisacan stressed the immediate need to address inflation,...
Amid the going political feud in the country, one of President Marcos’ economic managers has taken a cautious stance, refraining from commenting on the potential economic implications of the ongoing discord. “Let’s focus on the economy,” advised National Economic and Development Authority...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said that President Marcos has approved the changes to the execution of two high-impact projects. Chaired by the president, the NEDA Board has given the green light to the negotiated parameters, terms, and conditions...
Ahead of the release of the country's full-year growth figures, the National Economic and Development Authority (NEDA) announced that the economy had performed well in 2023, despite the significant challenges it encountered. NEDA Secretary Arsenio M. Balisacan said the local economy, as measured by...
