The country's unemployment rate dropped to 4.3 percent in December 2022 as against 6.6 percent in December 2021, but the full-year unemployment rate remained below its pre-pandemic average, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report on Wednesday, Feb. 8, the...
The National Economic and Development Authority (NEDA) said it would come up with a final list of major projects under the Marcos administration at the end of the first quarter of 2023 after going through 206 items on their list, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo...
An official from the National Economic and Development Authority (NEDA) said that the approval of the establishment of the University of the Philippines (UP)-Philippine General Hospital (PGH) cancer center is a manifestation of the Marcos administration's commitment to prioritizing the healthcare...
The National Economic and Development Authority (NEDA) on Thursday, Feb. 2, approved the establishment of a 6-billion-worth cancer hospital in Manila. But this has prompted some to ask: Is the establishment of a Cancer Center necessary? Cancer remains a national health priority, according to the...
President Ferdinand R. Marcos Jr. approved the implementation of seven infrastructure projects worth P154.72 billion, including a cancer center for the University of the Philippines - Philippine General Hospital (UP-PGH), the National Economic and Development Authority (NEDA) announced. In a...
The economic managers of the Marcos administration have started discussing senators about the many issues surrounding the controversial Maharlika Investment Fund (MIF) on Monday night, January 30. The briefing held at the Senate was done by Finance Secretary Benjamin Diokno, Budget Secretary Amenah...
The Philippine Statistics Authority’s announcement that the country achieved a 7.6 percent growth in gross domestic product (GDP) in 2022 affirms that, despite high inflation rates, the economy is on track in regaining its pre-Covid pandemic footing. This improves on the 5.7 percent growth in...
DAVAO CITY – The Davao region logged a 9.7 percent inflation rate last November, the highest among the 17 regions in the country. A report released by the Philippine Statistics Authority (PSA)-Davao on Sunday, Jan. 8, said the region’s inflation rate slightly improved compared to the 9.8...
DAVAO CITY – The Davao region will see more investments in 2023 following efforts to expedite recovery from the impact of the pandemic that has crippled the local economy in the past two years, the National Economic Development Authority (NEDA)-Davao said. In her report on the Davao region’s...
Unemployment rate in November fell to its lowest level in over 17-years, signaling the strong recovery of the economy from the prolonged pandemic, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority reported on Friday, Jan. 6, that the level of...
DAVAO CITY – The National Economic Development Authority said 8,175 workers were retrenched in the Davao region last year due to the pandemic. NEDA-Davao said the number of retrenched workers in 2022 was lower by 31.1 percent compared to the 11,871 in 2021. NEDA-Davao Director Maria Lourdes Lim...
The Philippine Development Plan (PDP), the blueprint for social and economic development for the next six years, prioritizes mass transport, according to the Department of Transportation (DOTr). Specifically, the plan calls for developing railways, road-based, and ferry systems in metropolitan...
