The Marcos administration aims to lift more Filipinos above the poverty line by reducing the volume of poor individuals to 13.2 percent or lower this year, deflating by 2.3 percent from 2023. “With the robust labor market performance and inflation deceleration in 2024, we expect to see...
President Marcos said he was satisfied with the country's economic achievements last year, and ordered Cabinet officials to make the feats be known to the public. President Ferdinand 'Bongbong' MarcosJ Jr. talks with NEDA Secretary Arsenio Balisacan during the 24th NEDA Board Meeting at Malacañan...
The House plenary hall (Contributed photo) The measure seeking to reorganize the National Economic and Development Authority (NEDA) into the Department of Economy, Planning and Development (DEPDEV), and reconstitute the NEDA Board into the...
The government will start accepting bids for the Ilocos Norte-Ilocos Sur-Abra Irrigation Project by January 2025 after President Marcos, as chairman of the National Economic and Development Authority (NEDA) Board, approved it, the National Irrigation Administration (NIA) said. NIA...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, approved a key irrigation project in northern Luzon that will provide irrigation water and possibly hydroelectrical power to the region. President Ferdinand 'Bongbong' Marcos Jr. and NEDA Secretary...
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...
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 Philippines' chief economist is looking forward to benefits in case talks for a free-trade agreement (FTA) between the Philippines and the United States can be kickstarted when Donald J. Trump returns to the White House early next year. "Of course, we should" was Socioeconomic...
While the government maintains that a robust middle class will propel the country to a predominantly middle-class society within the next 15 years, economists warned that a lack of quality, stable jobs poses a threat to this goal. The National Economic and Development Authority (NEDA) said that a...
President Marcos has given the Philippine Coast Guard (PCG) the green light to acquire 40 fast patrol craft (FPCs) from France as part of his administration's initiative to enhance maritime security by upgrading the PCG's capabilities. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang file...
Trump’s return to power carries a high risk of imposing 20 percent tariffs on non-China countries, which could negatively impact the Philippine economy, a Cabinet official said. Imposing tariffs of 20 percent on non-China countries and 60 percent on China could affect the global economy, “and...
