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(Eagle News) — The National Economic Development Authority Board has given the go-signal for the government to proceed with Phase 1 of the Mindanao Railway Project. The NEDA Board gave its approval for the Tagum-Davao-Digos segment in a meeting on Friday, Nov. 29. Earlier, the NEDA Investment Coordination Committee – Cabinet Committee also gave its approval for the project. Under phase 1, a 74-kilometer at-grade and 26-km elevated (viaduct) commuter railway will be constructed from […]
(Eagle News) — Socioeconomic Planning Secretary Ernesto Pernia on Friday, June 8, denied the National Economic and Development Authority ever claimed that P10,000 were enough to sustain the needs of a family of five per month. “Nauunawaan at ikinalulungkot ko na may mga taong nadismaya sa ginamit na halimbawa sa press conference noong ika-5 ng Hunyo 2018. Nililinaw ko po na hindi kailanman nabanggit ng NEDA na ito ay disenteng budget para sa isang pamilya,” […]
(Eagle News)–The Philippines can achieve upper-middle income status by the end of 2019, the National Economic Development Authority said. Neda said in its Socioeconomic Report 2017 launched on Tuesday that this was possible because of the country’s “strong economic growth performance..in 2017..” The country was also able to achieve gross national income per capita growth rate of 4.8 percent, which Neda said was higher than the target of 4.5 percent. Neda Undersecretary and officer-in-charge Rosemarie Edillon said 2019 is […]
QUEZON CITY, Philippines (Eagle News) — Filipino businessmen are expecting an increase in the trade between the Philippines and China with the upcoming visit of President Rodrigo Duterte to Beijing on October 18. Meanwhile, National Economic Development Authority (NEDA) Director-General Ernesto Pernia said that despite President Duterte’s anti-American rhetoric, there are still many foreign investors in the Philippines.
MANILA, Philippines — Communications Secretary Herminio Coloma Jr. on Sunday said that the government is doing its best to address the impact of drought through its inter-agency El Niño Task Force. The El Niño Task Force is headed by Socio-economic Planning Secretary and National Economic Development Authority (NEDA) Director General Emmanuel Esguerra. Coloma said the Roadmap Against the Impact of El Nino (RAIN) being implemented by the task force has ensured sufficient food supply and […]
According to Presidential Communications Secretary Sonny Coloma, the Malacañang welcomes the report of the National Economic Development Authority which indicated that the country’s economy experienced a 6% growth in its gross domestic product or GDP in the third quarter of 2015. Coloma added that said growth is due to the more effective budget spending in development projects. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos)
PASIG, July 9—The Department of Transportation and Communications (DOTC) announced on Wednesday that it has begun the bidding process for engineering consultancy services, which will deliver the west extension project’s Detailed Engineering Design (DED). The DED will serve as the basis for the construction or civil works component of the project, which will be bid out once the design, is completed. It will cover three (3) stations, the tracks, the viaduct, and electromechanical requirements including […]
Inaprubahan na ng National Economic Development Authority ang paglipat ng New Bilibid Prison sa Fort Magsaysay, Nueva Ecija. Ito ay may pondong 50.18 billion pesos at matatapos sa loob ng 5-7 taon. Kaya nitong tumanggap ng 26, 880 na bilango.
The National Economic Development Authority warns that the price of basic goods will continue to rise because of El Niño and the weakening of the peso.
