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...
With the approval by President Marcos of the flagship Philippine Digital Infrastructure Project (PDIP), the country can expect cheaper internet fees and faster speed while also reaching far-flung areas of Mindanao that will contribute to improving the Philippines’ gross domestic product (GDP)....
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...
Government agencies and local government units are waiving their fees for the permits and other documents required for the construction of infrastructure flagship projects (IFPs). This is in accordance with Executive Order 59, signed by President Ferdinand Marcos Jr. in April 30, which aims to...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the 15 percent reduced tariff on rice was a balancing act to ensure affordable prices and protect consumers’ interest. In a statement on Monday, June 10, Balisacan said the decision was not made lightly as the...
Senators have expressed differing opinions on the newly approved reduction tariff on rice by the National Economic and Development Authority (NEDA) that has already been approved by President Marcos. NEDA Secretary Arsenio M. Balisacan said that the reduction tariff on rice from 35 percent to 15...
President Marcos' economic managers maintained that the National Food Authority (NFA) should continue its role in buffer stocking and intervene in the market only during emergencies. National Economic and Development Secretary Arsenio M. Balisacan said that any reforms to the state grains agency...
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...
President Marcos has reappointed Claire Dennis S. Mapa as the national statistician and civil registrar general of the Philippine Statistics Authority (PSA). On Saturday, June 1, National Economic and Development Authority Secretary Arsenio M. Balisacan administered the oath of office to Mapa,...
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...
