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...
President Marcos expects more foreign investments to come in for his administration’s Luzon Economic Corridor project as it benefits from the government's investment promotion program. President Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential Communications Office) Speaking...
The government has renewed its partnership with the United Nations to steer the achievement of Sustainable Development Goals (SDG) and implement the Philippine Development Plan (PDP) 2023-2028. The National Economic and Development Authority (NEDA), together with the Department of Affairs, held a...
President Marcos said the country's various economic zones are open to all foreign investors as he renewed his pitch to foreign businesses to look at the Philippines as an investment destination. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Marcos said this as he discussed the...
A high-ranking official of India's Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) expressed the company's intention to invest in the Philippines, citing the country's stability in regulation and business environment. NEW VENTURES — President Ferdinand 'Bongbong' Marcos Jr. meets...
Removing the foreign investment restrictions in the 1987 Constitution will prevent future judicial and regulatory challenges and will reduce uncertainty among multinational companies, a former finance secretary said. Margarito B. Teves, a finance secretary under former president Gloria Macapagal...
