Filipino individuals had a higher total income last year, exceeding the target range set in the government’s Philippine Development Plan 2023-2028, the National Economic and Development Authority (NEDA) said. Based on the World Bank report, NEDA stated that the country’s gross national income...
The National Economic and Development Authority (NEDA) is considering including children in their first 1,000 days in the government’s cash grant beneficiaries to avoid stunting and other nutrition issues. NEDA Secretary Arsenio M. Balisacan told reporters that the cash benefit from the Pantawid...
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,...
The country’s ambition to become upper middle-income status could be achieved in 2026, later than the government’s projection of 2025. That is, if the peso does not depreciate. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, during a briefing on Thursday, June...
The National Economic and Development Authority (NEDA) board has approved the creation of a P16.1 billion project to expedite the country’s internet connection through digital infrastructure. The Philippine Digital Infrastructure Project (PDIP), which will be financed through official development...
The reduction tariff on rice from 35 percent to 15 percent and additional government subsidies will lessen the cost of rice to P29 per kilo for the poor, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. Balisacan said on Tuesday, June 4, that adjusting the...
Construction growth and investment spending are expected to reverse in the coming months amid more investments from the private sector, National Economic and Development Authority Secretary Arsenio M. Balisacan said. Speaking at a panel during the Philippine Economic Briefing last Monday, Balisacan...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the reduction of domestic rice prices by 20 percent in September is possible given that world prices will decline. Balisacan referred to the statement by Finance Secretary Ralph G. Recto, noting that external...
The Marcos administration is seeking to shift to the old school calendar by next year, according to National Economic and Development Authority Secretary Arsenio M. Balisacan. Balisacan stated that the government is already working on the implementation mechanics of the shift to the old school...
The government is seeking to maximize the country’s abundant mineral resources to utilize its potential for more high-quality job opportunities, the National Economic and Development Authority (NEDA) said on Friday, May 10. Speaking at a forum on the Philippine mining industry, NEDA Secretary...
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...
