The Marcos economic team said it supports the appointment of former House Deputy Speaker and Batangas Representative Ralph G. Recto as the new finance secretary. In a statement, former Finance Secretary Benjamin E. Diokno expressed confidence in Recto, who was also a former senator and...
The National Economic and Development Authority (NEDA) has estimated that over seven million Filipinos could have escaped poverty if inflation had remained within the government's target over the last two years. NEDA Secretary Arsenio M. Balisacan said that the high inflation rate, which averaged...
The National Economic and Development Authority (NEDA) said the duration of the El Niño weather event may be shorter than initially estimated by the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA). NEDA Secretary Arsenio M. Balisacan said on Friday, Dec. 22...
The National Economic and Development Authority (NEDA) announced that President Marcos has extended the temporary reduction of tariffs on key agricultural products to mitigate the impact of the El Niño phenomenon on consumer prices. NEDA Secretary Arsenio M. Balisacan said Malacañang has given...
The National Economic and Development Authority (NEDA) said there are no plans for additional reductions in import duties on various agricultural commodities. In a briefing, NEDA Secretary Arsenio M. Balisacan said the only option available to the Marcos administration at present is to extend the...
President Marcos' chief economist said that foreign investors should leverage the Philippines' rapid economic growth, the fastest in the region, as well as its recent policy reforms and initiatives. During the 2024 Economic Outlook Forum hosted by the European Chamber of Commerce of the...
The National Economic and Development Authority (NEDA) said that President Marcos has given his approval for the purchase of five additional units of state-of-the-art patrol vessels from the Japanese government. In a briefing on Thursday, Nov. 9, NEDA Secretary Arsenio M. Balisacan said the...
An amendment seeking to address the private sector’s concerns and create a more enabling policy environment for infrastructure projects is in the works, the National Economic and Development Authority (NEDA) said. During the 12th Arangkada Philippines Forum yesterday, NEDA Secretary Arsenio M....
While long holidays are often embraced by many, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan believes they can pose challenges for Filipinos striving to earn a living. Balisacan explained that mandatory holidays enforced by the government can be especially...
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...
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...
