The National Economic and Development Authority (NEDA) and the Department of Budget and Management (DBM) have revamped the National Evaluation Policy Framework (NEPF), introducing stronger oversight and stricter standards for ethical and transparent evaluation of government programs. On...
President Marcos’ signing into law of the Department of Economy, Planning and Development (DEPDev) Act will pave the way for a historic reform in government development planning, Sen. Juan Miguel “Migz” Zubiri said on Tuesday, April 15. The new law, Republic Act No. 12145, primarily...
The Philippines’ chief economist has conceded that the country may not be able to achieve the eight-percent upper end of its 2025 growth target due to lingering global uncertainties, including the reciprocal tariffs United States (US) President Donald Trump slapped on its imports. “The eight...
The government has officially transformed the National Economic and Development Authority (NEDA) into the Department of Economy, Planning, and Development (DEPDev) after President Marcos signed Republic Act (RA) No. 12145 on April 10. File photos Under RA 12145, known as the Economy, Planning, and...
Jobless Filipinos increased in number to 1.94 million in February 2025 from 1.8 million last year, as the job market struggled to absorb over 40 percent of new job seekers. According to the Philippine Statistics Authority (PSA), the February 2025 figure reflects an increased annual unemployment...
We all have a role in keeping the environment clean. In Lipa-Malvar, Batangas, a new facility is demonstrating how industrial zones can manage waste more responsibly. Following circular economy principles, it turns plastic into eco-products, composts food waste, and recovers other materials for...
Fresh investments approved by the Philippine Economic Zone Authority (PEZA) during the first quarter of 2025 grew by 294 percent compared to the same period last year, reaching approximately 24 percent of its investment target for this year. PEZA, an investment promotion agency (IPA)...
Japan-based medicine instrument manufacturer Kaneko Cord Co. Ltd. has inked a supplemental agreement with the Philippine Economic Zone Authority (PEZA) towards the expansion of its production portfolio. Kaneko, through its local subsidiary Kaneko Medical Philippine Inc., is a PEZA-registered...
The National Innovation Council (NIC) has greenlit the creation of a think tank to prepare the Philippines for the emergence of artificial intelligence (AI). In a statement on Friday, March 28, the state planning agency National Economic and Development Authority (NEDA) said NIC last Wednesday,...
Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
Flights to China, Hong Kong, and Taiwan from Ilocos Norte’s Laoag International Airport may soon return as the province aims to transform into Southeast Asia’s economic hub through public-private partnership (PPP). This plan is included in the memorandum of agreement (MOA), signed on Friday,...
It’s no news that carbon dioxide traps heat, causing a warming climate. But what helps trap the former? More importantly, what does so in large amounts? Forests, oceans, and soils all play a vital role in taming the Earth’s rising temperatures by acting as carbon sinks. This means they absorb...
