• 25th May 15

    PH, Japan ink grant for community development in Mindanao

    MANILA – The National Economic and Development Authority (NEDA) led the Philippine government in signing the grant agreement for community development in conflict-affected areas in Mindanao. Economic Planning Secretary Arsenio M. Balisacan and Noriaki Niwa, Chief Representative of the Japan International Cooperation Agency (JICA) Philippine Office, signed the grant agreement in May 25, 2015 on behalf of the Philippine and Japanese Governments, respectively. As one of Japan’s major development partners, the Philippines will receive a grant amounting to JPY1.117...

  • 21st May 15

    Welcome Remarks of Sec. Arsenio Balisacan at the Philippine-Australia PPP Policy Dialogue with Partnerships Victoria

    WELCOME REMARKS ARSENIO M. BALISACAN Secretary of Socioeconomic Planning “Philippine-Australia PPP Policy Dialogue with Partnerships Victoria” Melbourne, Australia 21 May 2015 Colleagues from the Philippine Government (Sec. Rogelio Singson, Sen. Ferdinand Marcos Jr., Ambassador Belen Anota, Director Cosette Canilao), partners from the Australian Government, guests, friends, ladies and gentlemen– good morning and welcome to the Philippine-Australia PPP Policy Dialogue with Partnerships Victoria. Let me also welcome Hon. Adem Somyurek, Minister for Small Business, Innovation and Trade of the State...

  • 19th May 15

    NEDA Board approves projects on transportation, irrigation, fire safety & local development

    MANILA – In its meeting on May 19, 2015, the National Economic and Development Authority (NEDA) Board chaired by President Benigno S. Aquino III, approved projects on transportation, irrigation, fire safety, and local development and restructuring of two infrastructure-related projects. “These projects are part of our strategy to make the Philippines’ agriculture, industry, and services sectors more competitive. The approved projects on irrigation and roads in provinces will help facilitate local growth and development among the projects’ covered regions...

  • 19th May 15

    PH leads preparations on APEC talks for Structural Reform for Inclusive Growth and Services

    BORACAY, AKLAN—The Philippines is the lead economy to prepare analytical framework papers on structural reform for inclusive growth and the role of structural reform on services to help shape discussions in the forthcoming Structural Reform Ministerial Meeting (SRMM) to be held in Cebu City in September. Five themes were agreed upon by the Economic Committee during the meeting held on May 16, 2015 at the Shangri-la Hotel in Boracay. These are 1.) Structural Reform for Inclusive Growth; 2.) Structural...

  • 17th May 15

    Inclusive growth key to escaping the ‘Middle Income Trap’ —NEDA

    BORACAY, AKLAN— Inclusive growth lays the economic foundation needed for more investments and innovation, which in turn, are essential for middle income economies to graduate to high-income status and escape the middle income trap, according to the National Economic and Development Authority (NEDA). “Escaping the so-called middle income trap requires governments and the private sector — both firms and individuals — to do things differently and to continuously innovate to keep up with the growing demand associated with globalization,”...