The National Economic and Development Authority (NEDA) said the government is considering the reduction of import tariffs for rice as a measure to address the significant increase in the price of the staple food. NEDA Secretary Arsenio M. Balisacan said he called for a review of the 35 percent...
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
The National Economic and Development Authority (NEDA) said the Regional Comprehensive Economic Partnership (RCEP) would further enhance the country’s market access. In a statement on Monday, Feb. 20, NEDA Secretary Arsenio M. Balisacan said that they remain steadfast in their support toward the...
The National Economic and Development Authority (NEDA) said the government is finalizing a list of flagship projects worth P15 trillion that will be up for President Marcos’ approval next month. During the Makati Business forum on Thursday, Feb. 23, NEDA Secretary Arsenio...
The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
The National Innovation Council (NIC) approved several project proposals geared towards developing “innovative solutions,” the National Economic and Development Authority (NEDA) said. In a briefing, NEDA Secretary Arsenio M. Balisacan said the 25-member council chaired by President Marcos...
The National Economic and Development Authority (NEDA), the country’s macro-economic policy planning agency, stressed that the Philippines has no choice but to ratify the Regional Comprehensive Economic Partnership (RCEP), while big businesses believe on the need to expose domestic industries to...
The National Economic and Development Authority (NEDA) said the “high-value deals” sealed by President Marcos during his recent visit to Japan is expected to generate thousands of jobs for Filipinos. In a statement on Thursday, Feb. 16, NEDA Secretary Arsenio M. Balisacan said the 35...
Transforming consumption and production patterns will be vital in accelerating the country’s shift toward a more sustainable and climate-smart economy, the National Economic and Development Authority (NEDA) said. In the event Philippine Development Plan 2023-2028: From Plan to Action focusing on...
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...
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...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
