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...
With about 50 million Filipinos with jobs in 2024, the country recorded its highest employment rate in 20 years, according to the Philippine Statistics Authority (PSA). Of the working population, 96.2 percent landed a job in 2024, a share higher than 2023’s 95.6 percent. This is the highest jobs...
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...
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...
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...
By Derco Rosal The National Economic and Development Authority (NEDA) Board has approved funding extensions and budget increases for two major flood-control projects under the Department of Public Works and Highways (DPWH), amounting to 79.73 billion. “Both projects will receive supplemental...
By Derco Rosal The country's inflation rate rose to 2.3 percent from September’s four-year low of 1.9 percent due to soaring rice prices which jumped following recent calamities including Severe Tropical Storm (STS) Kristine and Super Typhoon Leon. October's inflation pushed the 10-month...
The National Economic and Development Authority (NEDA) said public-private partnerships (PPPs) are vital in bolstering the Philippines' disaster resilience, particularly in developing climate-resilient infrastructure. During the opening of the 2024 Asia-Pacific Ministerial Conference on Disaster...
The World Intellectual Property Organization (WIPO) reported that the Philippines climbed to 53rd place among 133 economies in the Global Innovation Index (GII), reflecting increased efforts to strengthen innovation. In a statement, the National Economic and Development Authority (NEDA) said the...
The National Economic and Development Authority (NEDA) has urged the swift passage of the Konektadong Pinoy Bill to ensure improved internet access. After the sixth Legislative-Executive Development Advisory Council (LEDAC) meeting on Sept. 25, NEDA released a statement indicating that the...
The National Economic and Development Authority (NEDA) has underscored the pivotal role of a robust middle class in driving the Philippines' sustained economic growth and development. In a keynote address at the 10th Annual Public Policy Conference, NEDA Secretary Arsenio M. Balisacan emphasized...
The government is intensifying its commitment to sustainable growth and climate resilience through investments in infrastructure and innovation, the National Economic and Development Authority (NEDA) said. At the Fourth Philippines-Singapore Business and Investment Summit, NEDA Secretary Arsenio M....
