MANILA – Marking a significant step toward enhancing the efficiency of the government’s human resource management systems, the National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., approved the Philippine Civil Service Modernization (PCSM) Project during its 20th meeting on August 28, 2024.
MANILA – The Philippines has made significant strides in its economic recovery and infrastructure development efforts, with a notable 27 percent increase in the financial disbursement of Official Development Assistance (ODA) loans in 2023. This improvement in disbursement, which reached a cumulative total of USD15.80 billion last year, underscores the government’s commitment to efficiently utilize ODA funds for critical projects that support the country’s socioeconomic agenda, according to the National Read More
MANILA — The government is intensifying its strategies to create high-quality job opportunities for Filipinos, as the country’s labor market remains robust and resilient, hitting a record-low unemployment rate in June 2024, according to the National Economic and Development Authority (NEDA).
Tagbilaran City, Bohol, Philippines – The United States Agency for International Development (USAID) signed a memorandum of understanding (MOU) with the Public-Private Partnership Center (PPPC) to establish a collaborative framework to develop a robust pipeline of PPP projects for local government units (LGUs) and other USAID partner institutions.
MANILA – In a move that underscores the government’s commitment to infrastructure development as a catalyst for sustained and inclusive economic growth, the National Economic and Development Authority (NEDA) Board approved key changes to the Laguna Lakeshore Road Network (LLRN) Project during its 19th meeting held on July 15, 2024.
MANILA—The National Economic and Development Authority (NEDA) underscores the urgent need for the Philippines to reinforce and diversify its growth drivers, boost investments, and improve its export performance. This strategic approach is aimed at fostering a robust and resilient economy that can weather both domestic and external challenges—“future-proofing” the economy against a backdrop of global uncertainty, according to NEDA.
MANILA – The Philippine government laid out the comprehensive agenda framing the 10-Year Trabaho Para sa Bayan (TPB) Master Plan toward sustained, high-quality job creation. At the two-day National Employment Summit held at the Manila Hotel on June 26-27, 2024, the Interagency Committee for Trabaho Para sa Bayan (TPB-IAC) presented the Plan’s guiding document, which sets forth the following agenda: • Prioritizing the creation of more quality and decent jobs; Read More
In line with the Development Budget Coordination Committee’s (DBCC) proactive efforts to continuously adapt to emerging domestic and global developments, the government’s medium-term macroeconomic assumptions, growth targets, and fiscal program for Fiscal Years (FY) 2024 – 2028 have been reviewed, and further recalibrated. Macroeconomic Assumptions
The Public-Private Partnership (PPP) Center, in collaboration with the Philippine Association of State Universities and Colleges (PASUC), organized a capacity-building activity (CBA) on PPPs for state universities and colleges (SUCs) titled “Introductory Course on PPP for State Universities and Colleges’ Infrastructure and Development Projects” on June 20-21, 2024, at Sequoia Hotel Manila Bay, Parañaque City.
MANILA — In a significant move to accelerate the country’s digital transformation, the National Economic and Development Authority (NEDA) Board approved a flagship infrastructure project designed to boost broadband connectivity nationwide, particularly in remote areas, and strengthen cybersecurity. During its 18th meeting at Malacañang on Tuesday (June 25), the NEDA Board gave the green light to the Philippine Digital Infrastructure Project (PDIP) and approved adjustments to the parameters of nine Read More
A. TOTAL EXTERNAL TRADE AND BALANCE OF TRADE 1. Total external trade increased by 17.2 percent In April 2024, the country’s total external trade in goods amounted to USD 17.19 billion, which indicates an annual increase of 17.2 percent from the USD 14.66 billion total external trade in the same period of the previous year. In March 2024 and April 2023, the total external trade in goods registered annual decreases of Read More
1. EXPORTS The value of seasonally adjusted total exports amounted to USD 6.21 billion in April 2024. This indicates a monthly increase of 1.7 percent from the deseasonalized total exports value of USD 6.11 billion in March 2024. (Figure 1, and Tables A and 1) Similarly, the seasonally adjusted export value of manufactured goods amounting to USD 5.18 billion registered a monthly increment of 3.7 percent in April 2024 from Read More
MANILA – The Digital National ID is poised to revolutionize the delivery of critical government services, enhancing efficiency and accessibility across the board. This advancement will have far-reaching implications for social welfare benefits, financial inclusion opportunities, and innovation, the National Economic and Development Authority (NEDA) said on Monday (June 10).
The Philippine Statistics Authority (PSA) announces the conduct of the 2024 Data Dissemination Forum on International Merchandise Trade Statistics (IMTS), which will be held on 28 June 2024 (Friday), 09:00AM at 24th Floor, Multifunction Halls 2A and 2B, PSA Headquarters, PSA Complex, East Avenue, Diliman, Quezon City.
03 May 2024 – U.S. Embassy. The Philippine Statistics Authority (PSA) and the U.S. Embassy have collaborated to address a crucial need in document verification. The PSA, responsible for issuing civil registry documents by virtue of Act No. 3753 or the Law on Registry of Civil Status, provides essential records for various purposes.
MANILA – The national government is continuously stepping up efforts against persistent inflation drivers following the slight rise in the country’s headline inflation rate in May 2024, according to the National Economic and Development Authority (NEDA).
KUALA LUMPUR, Malaysia – In a resolute commitment to the nation’s prosperity, the Philippine government is accelerating the rollout of various initiatives that aim to enhance productivity growth for inclusive and sustainable economic development.
The Public-Private Partnership (PPP) Center conducted a hybrid capacity-building activity (CBA) titled “Introduction to the PPP Code and its Implementing Rules and Regulations (IRR)” on May 22–23, 2024, at the International Center for Public Administration, National College of Public Administration and Governance, University (NCPAG) of the Philippines-Diliman, Quezon City, and online via Zoom. This CBA catered to officials and technical officers of local government units (LGUs) and local universities and Read More
The PPP Center and Agence Française de Développement (AFD) ran a two-day hybrid workshop titled “Integrating Climate Change Considerations and Disaster Risk Resilience in PPP Projects” on May 27–28, 2024, at the Center’s Board Room and online via Zoom.
MANILA – National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan and Senator Sherwin Gatchalian, Chair of the Senate Committee on Basic Education, have aligned their vision to prioritize education and digital connectivity as critical enablers of socioeconomic transformation.
MANILA — In a significant move towards strengthening local expertise in impact evaluation, the National Economic and Development Authority (NEDA) and the Bangsamoro Planning and Development Authority (BPDA), the counterpart agency in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), signed a memorandum of agreement (MOA) on Monday, May 20.
MANILA – While the Philippine economy continues to outperform its peers in emerging Asia, the National Economic and Development Authority (NEDA) emphasized that the country must diversify its sources of growth to ensure the sustainability and inclusivity of economic expansion.
MANILA – National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Her Majesty Queen Máxima of the Netherlands, in her role as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), have engaged in a strategic dialogue to amplify inclusive finance innovations that tackle financial inclusion challenges in the Philippines. Balisacan extended a warm welcome to UNSGSA Queen Máxima on Wednesday (May 22) in Pasay City. The meeting Read More
MANILA – National Economic and Development Authority Secretary Arsenio M. Balisacan lauded the Philippine Center for Economic Development (PCED) on Friday (May 17) for its pivotal role in shaping academic and public discourse as well as its significant contributions to the country’s economic development over the past half-century.
MANILA – The National Economic and Development Authority (NEDA) Board, in its sixteenth meeting held yesterday (May 15), approved the recommendations of the Committee on Tariff and Related Matters (CTRM) based on the review of Executive Order (EO) No. 12 (s. 2023), which temporarily modified the rates of import duty on electric vehicles (EVs), their parts, and components under the purview of the Customs Modernization and Tariff Act.
MANILA – On April 30, President Ferdinand R. Marcos, Jr. signed Executive Order (EO) No. 59, a pivotal move that aims to expedite the implementation of the country’s Infrastructure Flagship Projects (IFPs), the National Economic and Development Authority (NEDA) said on Tuesday, May 7. NEDA Secretary Arsenio M. Balisacan emphasized that the EO would support the goals of the Philippine Development Plan 2023-2028 by expanding and upgrading the country’s infrastructure sector as part of Read More
MANILA – As El Niño and global disruptions exert upward pressure on food prices, and La Niña threatens to compound the strain on the country’s food supply, the government has taken decisive action and prioritized measures to mitigate the effects of these extreme weather challenges, according to the National Economic and Development Authority (NEDA). NEDA Secretary Arsenio M. Balisacan responded to the recent Philippine Statistics Authority (PSA) announcement that the Read More
MANILA – The Philippine government and the United Nations (UN) in the Philippines operationalized a strategic partnership toward achieving the UN’s Sustainable Development Goals (SDG) and implementing the Philippine Development Plan (PDP) 2023-2028. Held at the NEDA Central Office on Friday, May 3, the inaugural meeting of the Joint Steering Committee (JSC) on the 2024-2028 UN Sustainable Development Cooperation Framework (UNSDCF) of the Philippines brought together key stakeholders, including the Read More
MANILA – In a resounding show of support, the Regional Development Councils (RDC) from across the country expressed their gratitude to President Ferdinand R. Marcos Jr., for his unwavering support and push for inclusive growth and development in the regions.
The Philippine Statistics Authority (PSA) announces the conduct of the Press Conference on the 2024 First Quarter Performance of the Philippine Economy on 09 May 2024 (Thursday), 10:00 AM. Media personnel can attend either onsite at the Media Room, 12F Cyberpod 5, Eton Centris, EDSA corner Quezon Avenue, Diliman, Quezon City, or through video conferencing using Zoom.
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