Filipino individuals had a higher total income last year, exceeding the target range set in the government’s Philippine Development Plan 2023-2028, the National Economic and Development Authority (NEDA) said. Based on the World Bank report, NEDA stated that the country’s gross national income...
The National Economic and Development Authority (NEDA) is considering including children in their first 1,000 days in the government’s cash grant beneficiaries to avoid stunting and other nutrition issues. NEDA Secretary Arsenio M. Balisacan told reporters that the cash benefit from the Pantawid...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the country's gross national income (GNI) per capita must have a 6.7 percent growth to be able to reach the upper middle-income status. On the sidelines of the launch of National AI Strategy Roadmap 2.0, Balisacan...
Local share prices jumped on news that the US Federal Reserve believes is seeing progress in efforts to control inflation. The main index rose by 91.07 points or 1.43 percent to close at 6,450.03, with Banks leading the charge while Miners still retreated. However, volume was still tepid at 263...
The Bases Conversion and Development Authority (BCDA) has announced that a superstation is poised to emerge in New Clark City, Tarlac, that would significantly boost foot traffic in the area. In a statement, Joshua M. Bingcang, BCDA president and chief executive, said that Double 11 Properties...
Its wings may have already fallen silent since its untimely demise in September last year, but renewable energy (RE) firm Energy Development Corporation (EDC) of the First Gen group has taken a high-principled step of preserving the lasting legacy of “Geothermica”, also nicknamed “Geo”, the...
DAVAO CITY – The Mindanao Development Authority (MinDA) Board of Directors formally welcomed and acknowledged their new chairman, Secretary Leo Tereso Magno. MAGNO (FB) The MinDA Board of Directors formalized his appointment through a resolution passed on Thursday, June 27, during a board...
The local stock market dropped further as investors continued to wait for market-moving news, particularly those related to possible interest rate cuts, both here and in the US. The main index lost 39.81 points or 0.62 percent to close at 6,358.96 as Banks led the retreat. Volume improved but...
The government will inject around P110 million into the country’s arts sector, such as game development and animation. Department of Budget and Management Secretary Amenah F. Pangandaman has approved the issuance of a special allotment release order and its corresponding notice of cash allocation...
Citing the need to upgrade the country’s digital connectivity, the National Economic and Development Authority (NEDA) board led by President Marcos has approved some P16.1 billion allocation for the Philippine Digital Infrastructure Project (PDIP). File photo According to the NEDA website, the...
The local stock market saw some profit-taking as investors waited to take cues from the release of economic data this week. The main index shed 13.14 points or 0.20 percent to close at 6,398.77 as Conglomerates led the decline while Banks managed to stay in the green. Volume fell to 4-7 million...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
