Marcos to slash tariffs on EVs, parts

THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., has approved an executive order (EO) that will slash tariffs on some electric vehicles (EVs), as well as guidelines for public-private partnership projects (PPPs) and a new P11.42-billion fisheries and coastal resiliency project. Socioeconomic Planning Secretary Arsenio M. Balisacan said […]

NEDA sees electronics, manufacturing keeping economy afloat

The National Economic and Development Authority (NEDA) said the electronics and manufacturing sectors are proving to be the main drivers of the economy during the pandemic.   In a televised briefing Friday, NEDA Undersecretary Rosemarie G. Edillon said the electronics sector has been “very resilient during this time,” noting that demand for electronics is rising worldwide.   Ms. Edillon added that the NEDA sees the manufacturers, specifically those of health-related goods, as among […]

Bataan-Cavite bridge reviewed amid ‘implementability’ doubts

THE National Economic and Development Authority (NEDA) said it is reassessing the costing needed for the proposed Bataan-Cavite Interlink Bridge due to uncertainty over the project’s “implementability.” The economic planning agency “is continuing to study the implementability of the project particularly because… we have to revalidate the demand for possible traffic on that bridge given […]

NEDA board approves updated economic blueprint for next 2 years

The government will release the updated Philippine Development Plan on Feb. 4. — PHILIPPINE STAR/MICHAEL VARCAS THE NATIONAL Economic and Development Authority (NEDA) board, chaired by President Rodrigo R. Duterte, has approved the country’s medium-term economic development blueprint which was updated to consider the impact of the coronavirus disease 2019 (COVID-19) pandemic. “The Updated Philippine […]