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+ May 01, 2021 CORDILLERA Administrative Region’s (CAR s) gross regional domestic product (GRDP) dipped to 9.9 percent due to Covid-19.
From the P321.7 billion posted in 2019, the Philippine Statistics Authority (PSA–CAR) revealed the region’s GRDP was only at P289.9 billion in 2020.
Services Sector contributed around P191.33 billion or 66 percent, while the industry sector had P69.58 billion (24 percent) with agriculture, forestry and fishing contributing around P29 billion (10 percent).
Stephanie Christiansen, National Economic and Development Authority (Neda-CAR) officer-in-charge regional director, said Cordillera’s economy was already growing between 2017 and 2019, however, the Covid-19 pandemic disrupted the growth in 2020.
“Like the national economy that contracted a -9.6 percent, our regional economy was even more affected, registering a -9.9 percent in regional gross output. Two of our biggest growth drivers suffered the most signific
The EU and the Philippines have started discussion on the new program cycle 2021-2027 development cooperation with immediate priority support for the latter’s economic recovery from the COVID-19 crisis.
The parties issued this joint statement after holding the first meeting of the Sub-Committee
Published April 29, 2021, 6:04 PM
The Philippines and the European Union (EU) had just concluded the first meeting of the Sub-Committee on Development Cooperation under the Partnership and Cooperation Agreement (PCA) eyeing to prioritize support for the country’s recovery from the COVID-19 (coronavirus disease 2019) crisis.
“It was agreed that one immediate priority will be to support the Philippines’ socio-economic recovery from the COVID-19 crisis,” the EU and the Philippines said in a joint statement released a week after the conclusion of the April 19 meeting held virtually due to the current pandemic.
During the meeting, the two sides reviewed ongoing cooperation and discussed strategic areas of cooperation over the next seven years, with a focus on promoting a green resilient economy, justice, and a peaceful society.
NEDA cites key reforms implemented under 2017-2022 PH Dev t Plan philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.
CITY OF SAN FERNANDO, Pampanga, April 26 (PIA) The Supreme Court’s ruling on the Mandanas-Garcia petitions rings the bell for local government units (LGUs) to revisit their programs and align them to the national government s objectives for the attainment of the Philippine Development Plan (PDP).
Vice Mayors’ League of the Philippines-Pampanga Chapter President and Floridablanca Vice Mayor Michael Galang pressed the need to conduct orientations and capacity-building activities to LGU officials to anchor their objectives to national or regional development programs in the coming years.
“Higher funds means more ways for public service. Still, the bottom line is our decision-makers, our local chief executives, our vice mayors, and councilors. How equipped are they, or how familiar are they in the PDP? How do we orient them and how do we maximize the utilization of additional resources that they will receive?,” he said during the Virtual Caravan for the Updated 2017-2