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...
Senator Robinhood "Robin" C. Padilla wants the Senate-ratified Regional Comprehensive Economic Partnership (RCEP) to benefit Filipino farmers. Padilla, however, maintained that amending the restrictive economic provisions of the 1987 Constitution should be the key to achieving this. He said that...
The Senate on Tuesday, February 21 has concurred in the ratification of the Regional Comprehensive Economic Partnership (RCEP). Twenty (20) senators voted in favor of the ratification; one (1) voted against the measure and another one (1) abstained from the voting on Senate Resolution No. 485 Sen....
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...
No matter how many laws facilitating the entry of foreign investments to the Philippines have been passed, they might all face obstacles if the corresponding economic provisions in the 1987 Constitution are not amended, Senator Robinhood "Robin" Padilla said Saturday, Feb. 18. Padilla, chairman of...
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...
The recent “provocative and unsafe” behavior of the Chinese Coast Guard against the Philippine Coast Guard (PCG) in the contested waters of the South China Sea, in an area that’s part of Manila’s exclusive economic zone (EEZ) and continental shelf, could prompt the US to its invoke a...
President Ferdinand "Bongbong" Marcos Jr. thought that the Regional Comprehensive Economic Partnership (RCEP) would be good for the country because of the increased trade it would bring to different member economies. President Ferdinand ‘Bongbong’ Marcos Jr. talks to the media onboard...
The Japan International Cooperation Agency (JICA) has committed to support the Philippine government's infrastructure projects that are focused on socio-economic development, the Department of Public Works and Highways (DPWH) said on Sunday, Feb. 12. During his state visit in Japan, President...
House Speaker Martin Romualdez gave his strongest endorsement yet for economic Charter Change (Cha-cha) on Friday night, Feb. 10 when he called it the "final piece of the puzzle" in improving the country's economic environment. House Speaker Martin Romualdez (Speaker’s office) Romualdez made this...
