The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the implementation of a free trade agreement with South Korea and two major infrastructure projects totaling P63.2 billion. In a statement on Tuesday, Dec. 17, NEDA Secretary Arsenio M. Balisacan...
The Senate approved on Monday, December 16, the Economy, Planning, and Development Act, which elevates the National Economic and Development Authority (NEDA) into a full-fledged department under the name Department of Economy, Planning, and Development (DEPDev). Sen. Juan Miguel “Migz” Zubiri...
19th PropertyGuru Asia Property Awards in Bangkok, Thailand (Photos courtesy of PropertyGuru) The 19th Annual PropertyGuru Asia Property Awards Grand Final, held on December 13 at The Athenee Hotel in Bangkok, Thailand, celebrated the best of Asia’s real estate industry. Supported by V-ZUG...
The Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said the Philippines is attracting interest from American semiconductor companies seeking to expand their operations. In a statement, OSAPIEA Secretary Frederick Go said that the US semiconductor...
Representative Wallace Chow of the Taipei Economic and Cultural Office in the Philippines (TECO) underscored Taiwan’s unwavering support for the Filipino people during the turnover ceremony of 500 metric tons of rice donated by Taiwan to aid communities affected by recent natural disasters in the...
London-based think tank Capital Economics warned that the strong gross domestic product (GDP) growth seen in the third quarter is unlikely to be sustained amid weak economic momentum, slowing remittances and exports, and tighter fiscal policies. "GDP growth in the Philippines accelerated in the...
Senators on Thursday, Dec. 12, approved on second reading the bill reorganizing the National Economic and Development Authority (NEDA) into the Department of Economy, Planning and Development (DEPDev). Senator Juan Miguel “Migz” Zubiri, chairperson of the Senate Committee on Economic Affairs,...
The Organisation for Economic Co-operation and Development (OECD) sees the potential of around 400 private enterprises to go public—one of the main factors that will develop the local capital market. This is according to an in-depth assessment of the Philippine capital market released by the...
The Organisation for Economic Co-operation and Development (OECD) recommended that the Philippines diversify its transport options to reduce logistics costs and alleviate bottlenecks in the semiconductor and export sectors. In a report titled "Promoting the Growth of the Semiconductor Ecosystem in...
Following a series of destructive calamities that have battered the Philippines and impacted its economy, the World Bank has reduced its 2024 gross domestic product (GDP) growth forecast for the country to 5.9 percent. “While the baseline growth forecast for 2024 was revised downward to 5.9...
In Asia-Pacific, Filipinos enjoy pension amounts that are closest to their pay before retiring, according to the Organization for Economic Cooperation and Development (OECD). In its Pensions at a Glance Asia/Pacific 2024 report published on Dec. 6, the OECD said that at 72 percent, the Philippines...
President Marcos' economic managers have revised their growth projections for this year and adjusted their outlook for the following years amid global uncertainties. Budget Secretary Amenah F. Pangandaman said in a statement that the country’s economy, as measured by gross domestic product (GDP),...
