Development Authority Neda News Today

LOCAL analysts surveyed by the Bangko Sentral ng Pilipinas (BSP) expect the Monetary Board to cut policy rates every year until 2026. In the latest Monetary Policy Report, analysts said by the end of this year, the monetary authorities could cut policy rates by 25 to 150 bps. For 2025,…

THE government is set to provide incentives to enhance Natural Capital Accounting (NCA) to measure the economic value and degradation of natural resources under a newly passed law last week. President Marcos signed last Wednesday Republic Act 11995 institutionalizing the Philippine Ecosystem and Natural Capital Accounting System (Pencas). Pencas is…

Recently, Trade and Industry Secretary Alfredo Pascual led representatives from other government agencies in signing the approved implementing rules and regulations (IRR) of the Tatak Pinoy (Proudly Filipino) Law (RA 11981), which we principally authored and sponsored. We are grateful that the DTI acted swiftly in developing these rules, as…

THE national government has decided not to impose any tariffs on electric vehicles, their parts, and components until 2028, according to the National Economic and Development Authority (Neda). In a statement on Thursday, Neda said the Neda Board, the highest policymaking body of the agency and is chaired by the…

PRESIDENT Ferdinand R. Marcos Jr. has directed concerned government offices to tap electronic system solutions to fast-track the rollout of infrastructure flagship projects (IFP).  The chief executive gave the instruction in his Executive Order (EO) No. 59 signed by Executive Secretary Lucas P. Bersamin on April 30, but only released…

TBILISI, Georgia—The Philippines’s transition to an upper middle-income country must not cause social and economic injustice, as well as environmental degradation, according to the Asian Development Bank (ADB). In an interview, ADB Philippines Country Director Pavit Ramachandran told the BusinessMirror this is the overall objective of the 2024-2029 Country Partnership…

THE use of hybrid cars in the country will open opportunities for the Electronics industry, according to the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi). “In hybrids, you probably have over 90 percent of the components in electronics. So, yes, it does open opportunities,” Seipi President Danilo…

Nearly three decades ago, the Philippines suffered one of the most severe El Niño episodes in its history. The weather phenomenon that struck the country in 1997 caused below-average rainfall and dried up farmlands. Parched farms failed to produce staple crops, prompting the government to import millions of tons of…

THE National Economic and Development Authority (Neda) has approved the new guidelines for its Investment Coordination Committee (ICC) in the review and approval of public-private partnership (PPP) projects. Neda made the decision during its 15th Board Meeting presided over by its head, President Ferdinand R. Marcos Jr. on Thursday.   Neda Secretary Arsenio M.…

CENTRAL Visayas was the fastest growing economy among all 17 regions in the country in 2023, with a growth rate of 7.3 percent, and remains the biggest economy in the Visayas and Mindanao.