Department: National Economic and Development Authority

PEZA Embarks on New and Expansion Projects on the Rise for the Beginning of Q2 in 2024

Sto. Tomas, Batangas – The Philippine Economic Zone (PEZA) Board held its meeting at the First Philippine Industrial Park (FPIP) on Friday, 19 April 2024. A total of 73 new and expansion projects, generating PhP 29.955 Billion investments, was approved to date for the year 2024. These projects are expected to generate US$ 1,094.65 Million in exports and create 14,812 direct employment for Filipino workforce. PEZA Director General Tereso O. Read More

2022 Economic Performance of Provinces and Highly Urbanized Cities in Regions Outside the National Capital Region: Gross Value Added of Industry

The Philippine Statistics Authority (PSA) releases for the first time the results of the Provincial Product Accounts (PPA) of the 16 pilot regions outside the National Capital Region (NCR), covering 82 provinces and 17 Highly Urbanized Cities (HUCs) from November to December 2023. The PPA is a mechanism to compile the Gross Domestic Product (GDP) at the subnational level. This Special Release highlights the economic performance of all provinces and HUCs included in the PPA compilation Read More

PEZA seals the proclamation of MetroCas Industrial Estates – Special Economic Zone

Pasay City – On 17 April 2024, the Philippine Economic Zone Authority (PEZA) marked the official sealing of the proclamation of MetroCas Industrial Estates – Special Economic Zone (MIE-SEZ) proclamation through a Registration Agreement (RA). The genesis of this ecozone development can be traced back to President Ferdinand Marcos, Jr.’s Proclamation No. 513, declaring six (6) parcels of land in Barangay Calibuyo, Tanza, Cavite, with a total area of 404,141 Read More

Statement of Secretary Arsenio M. Balisacan, National Economic and Development Authority: Toward a Food-Secure Philippines and a Stronger Agricultural Sector

Executive Summary Recognizing the pivotal role of the agriculture sector in our economy, the Philippine Development Plan 2023-2028 emphasizes the sector’s transformation through comprehensive strategies and reforms aimed at increasing productivity and farm incomes. While the government has increasingly provided more resources to support the sector in recent years, challenges persist. Addressing these challenges requires sustained efforts to progressively bridge infrastructure gaps, promote the adoption of modern technologies, improve market Read More

NEDA Calls for Unboxing of Filipinnovation Mindset at the 2024 Innovation Day Celebration

MANILA – “In today’s digital age, ‘unboxing’ is widely embraced, especially on social media, where people unveil new products to share with others. Today, however, we adopt this concept differently. We will be unboxing a new mindset—we call it Filipinnovation,” said National Economic and Development Authority Secretary Arsenio M. Balisacan.

PPP Center, French Dev’t Agency conducts workshop to develop climate and disaster risk screening tools for PPP projects

The Public-Private Partnership (PPP) Center met with the Agence Française de Développement (AFD) for the third field mission of latter’s Technical Assistance (TA) program on April 2-12, 2024, at the PPP Center in Quezon City. The mission consists of workshops focused on the use of the Climate Change and Disaster Risk (CCDR) Screening Tool and the CCDR Adaptation and Mitigation Affordability Tool.

NEDA, PCC, USAID host learning session on AI to modernize PH ICT laws

QUEZON CITY – The National Economic and Development Authority (NEDA) and the Philippine Competition Commission (PCC) teamed up to host a learning session on Artificial Intelligence (AI) for select policymakers and media stakeholders to pursue modernization of existing ICT laws.  Supported by the U.S. Agency for International Development (USAID), the roundtable discussion titled, ‘Introduction to AI and Emerging Technologies,’ provided an overview of emerging AI tech using a hands-on approach for Read More

Government Bolsters Measures to Tame Upward Price Pressures Amid El Niño, La Niña Challenges – NEDA

MANILA – The National Economic and Development Authority (NEDA) reaffirms the government’s commitment to secure the nation’s food and energy supplies while proactively addressing potential price fluctuations. As El Niño conditions persist and La Niña threatens the latter half of the year, the government is implementing strategic measures following a holistic approach to managing inflation.

PEZA Spearheads Inaugural Two-Day Sustainability Forum – Ecozones In-Depth: Eco-Industrial Parks & Green Technologies

Pasay City – The Philippine Economic Zone Authority (PEZA) successfully hosted the first-ever sustainability forum on 22-23 April 2024, titled “Ecozones In-Depth: Eco-Industrial Parks and Green Technologies”. Held at the PEZA Head Office, this landmark event significantly advanced the integration of sustainability within economic zone development. For two days, the forum aimed to educate and mobilize PEZA Registered Business Enterprises (RBEs) and other stakeholders about emerging technologies that help build Read More

Private sector investments in energy to power PH industrialization and development – NEDA

MANILA – Affordable and reliable power provided by the private sector is essential to drive the country’s industrialization and development. This message was underscored by National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan during the SNAP Conversations 2024: Economic Outlook Forum hosted by the SN Aboitiz Power Group on Thursday, February 22. In his discussion on the government’s infrastructure drive, the NEDA Secretary shared that the Marcos Administration Read More

PPP Code IRR Committee deliberates on the latest IRR draft

he Implementing Rules and Regulations (IRR) Committee of the Public-Private Partnership (PPP) Code of the Philippines convened on February 21, 2024 at the NEDA Board Room to deliberate on the latest draft of the IRR.

SMBC and RCBC ink with PEZA as its newest investment promotion partners

Pasay City – In pursuit of exploring new investment promotion avenues, the Philippine Economic Zone Authority (PEZA) entered into an Investment Promotion Partnership with Sumitomo Mitsui Banking Corporation (SMBC) and Rizal Commercial Banking Corporation (RCBC) through the signing of a Memorandum of Understanding (MOU) held yesterday, 23 January 2024, at the PEZA Head Office.

PPP Code IRR Committee conducts Stakeholder Consultation with Regulatory Bodies

The Implementing Rules and Regulations (IRR) Committee of the Republic Act No. 11966 or the Public-Private Partnership (PPP) Code of the Philippines concluded another stakeholder consultation today with the Toll Regulatory Board, Civil Aviation Authority of the Philippines, Land Transportation Franchising and Regulatory Board, and other pertinent regulatory bodies responsible for approving initial tolls, fares, fees, rentals, and other charges and adjustments in PPP projects.

NEDA Secretary Balisacan Lauds MMSU: A Beacon of Progress for Transformative Education and Innovation

BATAC, ILOCOS NORTE – National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan served as the guest of honor and speaker during the opening ceremony of the Mariano Marcos State University’s (MMSU’s) 46th Foundation Anniversary at the MMSU’s Teatro Ilocandia on January 8, 2024. As an esteemed alumnus of the University, Balisacan both challenged and inspired his alma mater to keep pursuing a culture of excellence and achievement. Having Read More

Unemployment Rate Drops to Lowest Level Since 2005 – NEDA

MANILA – The Labor Force Survey (LFS) for November 2023 saw 1.83 million unemployed people, 350,000 fewer than the 2.18 million in November 2022, leading to a drop in the unemployment rate to 3.6 percent. It was the lowest recorded unemployment rate since the Philippine Statistics Authority introduced a new methodology for measuring the LFS in 2005, the National Economic and Development Authority said Tuesday, January 9.

The PPP Center Inks MOA with ULAP to Foster Stronger Collaboration with LGUs.

MANILA – Following the enactment of R.A 11966 or the Public-Private Partnership (PPP) Code on December 5, 2023, the PPP Center entered into a Memorandum of Agreement (MOA) with the Union of Local Authorities in the Philippines (ULAP) forging a stronger collaboration in promoting well-structured and financially viable infrastructure projects through PPPs.

NAIA PPP project up for public bidding

MANILA – The Public-Private Partnership (PPP) Center announced on Wednesday that the Ninoy Aquino International Airport (NAIA) PPP project is now up for public bidding.

NEDA explores potential of ICT, satellite technology to inform policies on inflation

SCIENCE CITY OF MUÑOZ, NUEVA ECIJA – The National Economic and Development Authority (NEDA) sent a research team to the Philippine Rice Research Institute (PhilRice) in the Science City of Muñoz, Nueva Ecija, to evaluate the potential of the Philippine Rice Information System (PRiSM) in providing valuable insights for the government’s proactive measures to manage inflation. “Currently, we utilize PSA (Philippine Statistics Authority) data to inform our inflation policy, but Read More

Gov’t Committed to Enhancing Productivity in the Labor Market to Reap the Demographic Dividend — NEDA

MANILA – The National Economic and Development Authority (NEDA) reaffirms the government’s commitment to labor upskilling in order to improve employability and maximize the benefits of the country’s demographic dividend. This is in line with the report from the Philippine Statistics Authority (PSA) that the country’s employment rate in June 2023 was 95.5 percent, which is higher than the reported 94.0 percent in the same month last year. This translates Read More