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(Eagle News)—-President Rodrigo Duterte has returned the power to approve land reclamation projects to the Philippine Reclamation Authority. Under Executive Order 74, which was released on Monday, Feb. 4, the PRA, now under the Office of the President, will assume the authority from the National Economic Development Authority, which was designated as the approver during then–President Benigno Aquino III’s time. Prior to this, it was the PRA that had the mandate to approve land reclamation […]
By Phoebe Salvador Eagle News Service (Eagle News) — Projecting over a million of new jobs created yearly due to the government’s massive infrastructure program, the National Economic and Development Authority (NEDA) emphasized the need to ensure that the laborers’ skills and competencies match the industry’s needs. “To fully maximize gains from ‘Build Build Build,’ the Philippine labor market should be ready to meet the infrastructure program’s requirements. Bodies governing the education and labor sectors have […]
(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 […]
(Eagle News) — The Philippine government should put in place “mitigation measures to cushion the transitory inflationary impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law,” according to the National Economic and Development Authority (NEDA). This was following “recorded increases in the country’s inflation rate” this January 2018 when inflation rose to an “annualized 4 percent” — the highest since the 4.3 percent inflation posted in October 2014. NEDA, on Tuesday, February […]
(Eagle News) — National Economic and Development Authority (NEDA) Director General and Socioeconomic Planning Secretary Ernesto Pernia said on Tuesday that the Philippines was again one of the fastest-growing economies in Asia, only after China and Vietnam. Pernia made the announcement after the Philippine Statistics Office announced the Philippine economy hit a 6.6-percent growth rate in the last quarter of 2017. The PSA said this brought the overall growth of the country’s economy in 2017 to […]
(Eagle News) — Positibo ang National Economic and Development Authority (NEDA) na agad makakabangon ang negosyo sa Marawi City matapos ang bakbakan doon. Ayon kay Socioeconomic Planning Secretary Ernesto Pernia, maaari nang ituloy ng mga negosyante ang mga naunsyami nilang negosyo at maging ang mga pag-invest pa ng mga mamimili. Una nang sinabi ng Bangko Sentral Ng Pilipinas (BSP) na naging positibo ang business outlook para sa fourth quarter ng taon, na may Confidence Index […]
(Eagle News) — Inaprubahan na ng National Economic and Development Authority (NEDA) ang Metro Manila subway project at apat na bagong “flagship” projects. Dahil dito, umabot na sa tatlumpu’t limang proyekto sa ilalim ng kasaluluyang administrasyon ang naaprubahan na nagkakahalaga ng 1.2 trillion pesos pero hindi pa kasama rito ang magagastos sa mga tulay na gagawin naman sa Tawi-tawi. Ang unang phase ng Metro Manila Subway project ay tatakbo mula Mindanao Avenue sa Quezon City […]
Statement of National Economic and Development Authority (NEDA) chief and Socio Economic Planning Secretary Ernesto Pernia: “With our country growing at 6.5 percent in the second quarter of 2017, I am pleased to inform you that we remain as one of the best-performing economies in Asia. We are well on track to meeting our full-year target growth of 6.5 to 7.5 percent. We have overtaken Vietnam’s 6.2 percent growth and Indonesia’s 5.0 percent […]
QUEZON City, Philippines (Eagle News) — National Economic Development Authority (NEDA) Chief Secretary Ernesto Pernia allayed fears of a negative impact of a martial law extension to the country’s economy. Pernia said that he recently attended a meeting with businessmen from Cagayan De Oro City where the businessmen expressed that they feel safer because of martial law. “I was in Cagayan de Oro just the other day and there were businessmen there in the forum […]
(Eagle News) — The Philippines can expect a boom in infrastructure soon, as nine infrastructure projects worth P738 billion only await the approval of President Rodrigo Duterte. According to Socioeconomic Planning Secretary and National Economic and Development Authority Director General Ernesto Pernia, the projects include the P230-billion peso Mega Manila Subway; the P151-billion Philippine National Railways long-haul from Calamba, Laguna to Bicol, and the P35.3 billion Tagum-Davao-Digos Railway in Mindanao. Other pending projects are the P15.35-billion peso Clark International Airport […]
(Eagle News) — Three major agreements were signed by Philippines and China after the expanded bilateral meetings between President Rodrigo Duterte and Chinese President Xi Jin Ping that renewed the two countries friendship and deepened bilateral ties. The agreements were on economic and technical cooperation, human resource development, and energy cooperation. The signing was done at the Great Hall of the People on Monday, May 15. The first to be signed was the Agreement on Economic […]
Several agencies have joined the electronic Freedom of Information online portal, making it easier for citizens to request for information from them via the Internet. These agencies are the National Economic Development Authority (NEDA) and its attached units, the Department of Interior and Local Government (DILG) and its attached units, the Department of Environment and Natural Resources (DENR) Central Office, the Philippine Drug Enforcement Agency (PDEA), and the procurement service unit of the Department of […]
