The Marcos administration is seeking to shift to the old school calendar by next year, according to National Economic and Development Authority Secretary Arsenio M. Balisacan. Balisacan stated that the government is already working on the implementation mechanics of the shift to the old school...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez Cagayan de Oro City 2nd district Rep. Rufus Rodriguez has allayed the fears of stakeholders in the advertising industry that the proposed economic Charter change (Cha-cha) could ultimately strip them of...
The government is seeking to maximize the country’s abundant mineral resources to utilize its potential for more high-quality job opportunities, the National Economic and Development Authority (NEDA) said on Friday, May 10. Speaking at a forum on the Philippine mining industry, NEDA Secretary...
The advertising industry has apparently gone global and thus, blurred the rules on foreign ownership. This was the common observation among stakeholders as they try to find a common ground as to whether the Philippine advertising industry should be opened to foreign equity, Sen. Juan Edgardo...
The slowing economy is expected to persist for the remainder of the year, with consumers facing the challenge of rising prices, coupled with a slowdown in the growth of remittances from overseas Filipinos. Following the release of the first-quarter report, economists have observed a softening in...
The Philippine Statistics Authority reported on Thursday, May 09, that the local economy, as measured by its gross domestic product (GDP), slowed to 5.7 percent in the first quarter of the year. This growth fell short of the government’s target band of 6.0 percent to 7.0 percent this year and was...
Foreign Affairs Secretary Enrique Manalo said Wednesday, May 8, that protecting the Philippines' rights over its exclusive economic zone (EEZ) is vital to the country's and to the Filipinos' future. In his speech at the Asia Pacific Foundation of Canada in Vancouver, Manalo said the West Philippine...
The Senate is set to resume on Thursday, May 9, 2024, its hearings on the proposed amendments to the economic provisions of the 1987 Constitution. It will be the fifth hearing of the Senate subcommittee on constitutional amendments and revision of codes chaired by Senator Sonny Angara on the...
The National Economic and Development Authority (NEDA) said the recently signed Executive Order (EO) No. 59 will modernize and prevent delays in the implementation of the country’s infrastructure flagship projects (IFPs). NEDA Secretary Arsenio M. Balisacan said that the EO would support the...
Photo from Pixabay A commissioned Pulse Asia survey conducted in March revealed that majority of Filipinos see complicated rules and regulations (56 percent) and restrictive rules on foreign ownership (55 percent) as the main barriers to foreign investment in the Philippines. Pulse Asia president...
President Marcos has designated Tupi Information Technology (IT) Park in Cotabato as a Special Economic Zone. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Through Proclamation No. 530 dated May 2, Marcos created and designated Tupi IT Park as a Special Economic Zone...
The National Economic and Development Authority (NEDA) is planning to propose an executive order that will strengthen the regional development councils’ (RDC) role in formulating regional development plans and investment programs. NEDA, along with RDC chairpersons, met with President Ferdinand...
