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NEDA chief says P38 trillion lost during the pandemic (Eagle News) – The Philippine government is confident that the economy would further bounce back with the implementation of Alert Level 1 in 39 areas of the country, including the capital region of Metro Manila. National Economic and Development Authority (NEDA) Secretary Karl Kendrick Chua said that some P3.8 trillion were lost during the pandemic, and with the Alert Level 1 implementation in the country, […]
(Eagle News) — Below is the full joint statement of the economic managers of the administration of President Rodrigo Duterte on the Philippine Economic Performance of the Third Quarter of 2021 issued on Nov. 9, 2021 President Duterte’s economic managers include Socio-Economic Planning and National Economic and Development Authority (NEDA) chief Karl Kendrick T. Chua, Finance Secretary Carlos G. Dominguez, and Budget And Management Officer-In-Charge Tina Rose Marie L. Canda ===================================================== Colleagues in government, friends […]
(Eagle News) – President Rodrigo Duterte received his national ID card on Wednesday, March 3, more than a month after he registered for it. In photos released by Malacanang, President Duterte received his national ID from National Economic and Development Authority (NEDA) acting secretary Karl Kendrick Chua. He registered for the national identification system on January 21 this year. The legislation on the Philippine Identification System ID (PhilSys ID) was signed by President Duterte […]
Says COVID-19 virus mutations in Cebu, a “real cause of concern” https://youtu.be/sejSGRVwIts (Eagle News) – The presence of new virus mutations confirmed in Central Visayas, particularly in Cebu, is a “real cause of concern” for the entire country, especially in Metro Manila where there is more concentration of people, according to the UP-OCTA Research team. Dr. Guido David, head of the UP Octa-Research Team, also said that President Rodrigo Duterte should take into consideration […]
(Eagle News) – The National Economic and Development Authority (NEDA) is pushing for the entire country to be placed under Modified General Community Quarantine (MGCQ) starting March. NEDA Acting Secretary Karl Kendrick Chua told President Rodrigo Duterte on Monday night, Feb. 15 that as a “balancing act,” the country should be placed under the more relaxed MGCQ to save the economy from further bleeding, but with the strict implementation of minimum health protocols to […]
(Eagle News) — The Department of Information and Communications Technology backed the National Economic Development Authority’s statement there was a need to transition into a “digital economy” to better adapt to the “new normal.” “We are optimistic that the transition of the Philippines to a digital economy will make the country’s economy more resilient to external factors, such as the COVID-19 pandemic.” the department secretary Gregorio Honasan said. According to Honasan, under the banner of […]
(Eagle News)–Former National Economic Development Authority chief Ernesto Pernia said his view more economic activity should resume amid the COVID-19 pandemic made him a “dissonant” voice in the Cabinet. Pernia made the revelation in an interview over CNN Philippines, days after he resigned as NEDA chief. According to Pernia, he was among those who pushed for the resumption of infrastructure projects but this was not approved by the Inter-Agency Task Force on the Management of […]
(Eagle News)–The Palace on Saturday, April 18, said it expects the acting National Economic Development Authority chief Karl Kendrick Chua to “continue the economic momentum set by his predecessor” as the country prepares for the “new normal.” Presidential Spokesperson Harry Roque made the remark as he thanked Ernesto Pernia, who resigned as NEDA chief, for “his valuable contribution to the Philippine economy.” According to Roque, Pernia was part of the economic team that “steered the […]
Cites “personal reasons,” “differences” with other Cabinet members (Eagle News) — Ernesto Pernia on Friday, April 17, announced his resignation as head of the National Economic Development Authority. In a statement, Pernia said his resignation was “due partly to personal reasons and partly to differences in development philosophy with a few of my fellow Cabinet members.” He did not, however, elaborate. “I would like to thank the President for appointing me to the position. It has […]
(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)–The rehabilitation and upgrade of the Ninoy Aquino International Airport will go ahead as planned after the National Economic and Development Authority Board chaired by President Rodrigo Duterte gave its go-signal. In a statement, the Department of Transportation said the PhP102-billion project, subject to a Swiss challenge,will be implemented in three phases from 2021 to 2024. Phase 1 (2021-2022) involves the immediate improvements and reconfiguration of the existing airport terminals with the aim of […]
(Eagle News) – The Implementing Rules and Regulations (IRR) for the Rice Tariffication Act had already been signed by the National Economic and Development Authority (NEDA) and the Department of Budget and Management (DBM), Malacanang said on Tuesday, April 2. Presidential Spokesperson Salvador Panelo said that this was also discussed during the Cabinet meeting on Monday, April 1, convened by President Rodrigo Duterte. “The IRR is already signed by the NEDA and the DBM while […]
