2023 BUDGET – The Senate Plenary has decided on the proposed funds for the Department of Finance (DOF) and the National Economic and Development Authority (NEDA). Senator Sonny Angara sponsored the proposed 2023 budget of the national government and the public agencies to the Senate Plenary. The Senate targets to finish the deliberations about the … Read more
4-Day Work Week Amid Surging Oil Prices Proposed by NEDA to President Duterte NEDA recommends 4-day work week for employees amid the surging prices of petroleum products due to Russia-Ukraine war. The oil prices continue to increase over the past few months and the hike gets worse due to the Russia-Ukraine war. The unexpected increase … Read more
NEDA: Another 2-Week MECQ Will Worsen Hunger, Unemployment NEDA – The National Economic and Development Authority (NEDA) said that having MECQ for another 2-weeks will worsen hunger and unemployment. It defended the new quarantine restrictions that allow travel only within Metro Manila and four adjacent provinces. Acting Socioeconomic Planning Secretary Karl Kendrick Chua presented a … Read more
Speaker Velasco Expresses Support to NEDA’s Proposal to Shift Entire Country to MGCQ in March 2021 Speaker Lord Allan Velasco expressed support for NEDA’s proposal to shift the entire Philippines to MGCQ next month. Earlier this week, the National Economic Development Authority proposed of shifting the entire country to modified general community quarantine status by … Read more
Online Sellers Earning P250k Below Annually are Exempted from the New Tax Memo ONLINE SELLERS – earning at least P250,000 and below are now exempted from the Tax issued by the BIR, Malacañang on Thursday said. Malacañang Palace has made it clear that online sellers of less than P250,000 will not be taxed annually, the … Read more
NEDA Chief Ernesto Pernia resigned from his cabinet post and here are his reasons. BREAKING NEWS – NEDA Chief Ernesto Pernia resigned from his post amid the height of the COVID-19 pandemic in Philippines due to these reasons. On Friday, April 17, Ernesto Pernia resigned from his cabinet post and from his position in the … Read more
Boracay’s temporary closure predicted to cut down Philippine’s GDP by P1.96 billion BORACAY- The Philippine Economy is expected to drop by P1.96 Billion in arrears to the impending 6-month closure of the country’s popular travel destination- Boracay Island. In a previous report, President Duterte approved the total shutdown of all maneuvers in the island for … Read more
NEDA’s Approval Necessary For P52.20-B Regional Project NEDA’s approval necessary for the P52.20 billion the regional project of the government for six years under President Duterte’s administration. On Sunday (October 02, 2016), the government announced that the P52.20 billion budget needed the approval of the Board of National Economic and Development Authority (NEDA) for the … Read more
One of Liberal Party’s most prominent leader, Albay Governor Joey Salced revealed during an interview with the media that he is willing to accept Mayor Rodrigo Duterte’s offer to head the influential National Economic and Development Authority, once the mayor will be elected as the next president of the Philippines. Gov. Salceda was quoted as … Read more
The Philippines will be having its first-ever subway project in the future as the implementing agency of the country’s first multi-billion subway project eyes to roll out is bidding terms in the first quarter of 2015. In an interview with Rappler.com, DOTC spokesperson Michael Arthur Sagcal noted that they are now preparing for the next … Read more