Despite an increase in the Philippines’ general government (GG) debt-to-gross domestic product (GDP) ratio to 57.1 percent in 2024, the Marcos Jr. administration is targeting to gradually lower this debt ratio to the 54-percent level by the end of 2028. This was indicated in the national...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
President Marcos has issued Executive Order (EO) No. 72 which adopts an integrated and harmonized process for formulation, approval, budgeting, implementation, and monitoring of master plans for the infrastructure sector. (MB file photo) In his EO, signed by Executive Secretary Lucas Bersamin on...
The government, with the help of the United Nations (UN), should scale up actions toward achieving the country’s targets under the Sustainable Development Goals, the National Economic and Development Authority (NEDA) said. Speaking at a UN Day Forum, NEDA Secretary Arsenio M. Balisacan said the...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the country is exploring the integration of digital technologies and green processes for sustainability. Balisacan said that a green and digital transition is vital for the country’s sustainable growth. "Going...
The establishment of the Maharlika Investment Fund (MIF) will prepare the Philippines to sustain and complete its development programs and projects as it aims to become an upper middle income country by 2025, an economic official said. National Economic and Development Authority (NEDA)...
President Ferdinand "Bongbong" Marcos Jr. has asked the country's vice mayos to support the Philippine Development Plan (PDP) for 2023 to 2028 and the Administration's legislative priorities as he, in turn, assured them of his support for effective and meaningful local autonomy....
The World Bank (WB) has reiterated its strong support for the Marcos administration in its quest to achieve its vision of becoming a prosperous, inclusive, and poverty-free society by 2040. *File photo* World Bank Managing Director for Operations Anna Bjerde said this as she concluded her two-day...
Civil Service Commission (CSC) Chairperson Karlo Nograles has pledged his agency’s full cooperation and support for the Philippine Development Plan (PDP) 2023-2028 and the attainment of good governance goals. Civil Service Commission (CSC) Chairman Karlo Alexei Nograles (Senate PRIB Photo) In a...
TOKYO, Japan — Japanese Prime Minister Kishida Fumio said that Japan would provide public-private assistance worth Y600 billion in support of the Marcos administration's Philippine Development Plan (PDP). Japanese Prime Minister Kishida Fumio greets members of the Philippine delegation for...
President Ferdinand "Bongbong" Marcos Jr. has urged the diplomatic community to support the Philippines in its mission to achieve its development plans, which he approved a day ago. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) During the Vin d' Honneur held at the Malacañang Palace...
