President Marcos has ordered government agencies to determine the priority core functions and services that must be devolved to the local government units (LGUs) by the end of February next year. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang said on Monday,...
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) said the government plans to ramp up the distribution of food stamps and expedite the importation of key commodities to prepare for the potential impact of El Niño. NEDA Secretary Arsenio M. Balisacan said they will team up with the...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the P67.4 billion Dalton Pass East Alignment Road project in Central Luzon. Speaking during a palace briefing, NEDA Secretary Arsenio M. Balisacan said that the 23-kilometer, four-lane...
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...
CAGAYAN DE ORO CITY – Local government units (LGUs) in Northern Mindanao must ensure basic infrastructure to be able to encourage more investors, as creating more jobs and quality jobs for the people is needed to reduce the poverty incidence in the region, the National Economic and Development...
The government will stick to its growth targets of 6.5 percent to 8 percent for the medium term, National Economic and Development Authority Secretary Arsenio M. Balisacan said on Wednesday, Dec. 13. Balisacan told reporters that the highest range could still be reduced but there are no plans to...
President Marcos' chief economist has cautioned that the unexpectedly strong El Niño phenomenon is likely to impede progress in reducing consumer prices, warning the public of challenging months ahead. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said that the...
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...
The Marcos administration has expressed optimism that it is possible to attain a single-digit poverty rate by 2028 through President Marcos' catch-up plan to increase economic growth and ensure a high inclusivity rate of such growth. File photo National Economic and Development Authority (NEDA)...
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...
