economic development - updates

Rappler's latest stories on economic development


Grace Padaca found guilty of corruption, ordered to return P18M

Nov 15, 2019 - 7:57 PM

The former Isabela governor is sentenced to 12-14 years for a conviction for malversation, and 6-10 years for a conviction for graft. It is appealable.

GUILTY. Former Isabela governor Grace Padaca is convicted of graft and malversation over an anomalous P25 million loan deal for farmers in 2006. Rappler file photo

Rappler Talk: Ernesto Pernia on Ambisyon Natin 2040

Oct 23, 2019 - 11:00 AM

Socioeconomic Planning Secretary Ernesto Pernia discusses the plan to lift all Filipinos out of poverty by 2040

Weak El Niño caused inflation uptick in May 2019 – NEDA

Jun 05, 2019 - 2:20 PM

'The country needs to have a more robust solution to mitigate the impacts of extreme weather conditions and climate change,' says Socioeconomic Planning Secretary Ernesto Pernia

[ANALYSIS] Is the Kaliwa Dam actually viable?

Jun 01, 2019 - 11:30 AM

Make no mistake: while affected communities stand to lose most from the dam’s development, water consumers and taxpayers will also shoulder the long-term risks and burdens of the Kaliwa project

Gov't body, producers reject sugar import liberalization

Feb 05, 2019 - 11:49 AM

'It is alarming to note that this decision to liberalize sugar importation stemmed from a collegial body which means all economic planners are into this,' says Sugar Regulatory Administration board member Emilio Yulo

NEDA official faces probe over sexual harassment allegations

Jan 03, 2019 - 1:53 PM

The National Economic and Development Authority declines to name the official, but says it immediately launched an investigation even before a formal complaint was filed

NEDA pitches roadmap for federalism shift

Aug 31, 2018 - 4:46 PM

The National Economic Development Authority proposes that the shift to federalism should be carried out in 5 phases spanning 15 years

PITCH. NEDA proposes a phased, 15-year plan to shift to a federal form of government. Photo by Angie de Silva/Rappler

Pernia: 43 of 75 flagship infra projects done in 2 years

Jul 26, 2018 - 1:52 PM

Socioeconomic Secretary Ernesto Pernia says that's a 'good batting average'

INFRASTRUCTURE. This photo taken on April 11, 2018, shows workers on a construction site beside a highway with heavy traffic in Manila. Photo by Noel Celis/AFP

For Dutertenomics to work, the President has to take charge

Jun 27, 2017 - 10:00 AM

The President can no longer take the backseat The executive and legislative are in a deadlock over tax reform Dutertenomics financing hanging in the balance

Kenneth Cobonpue, Steve Benitez grow the pie for entrepreneurs

Feb 05, 2017 - 10:25 PM

The celebrated furniture designer and the founder of Bo s Coffee are scaling up with the help of non profit group Endeavor and boosting creatives farmers and small business owners in the process

COA: Dureza, Ramon Jimenez, other execs owe millions in illegal allowances

Jan 19, 2017 - 7:53 PM

Jesus Dureza and Ramon Jimenez are held liable for illegal allowances to officials and employees of agencies they previously headed – the Mindanao Economic Development Council and the Department of Tourism respectively

PETITIONS DENIED. The Commission on Audit denied the separate petitions filed by Dureza and Jimenez to review the notices of disallowance against disbursements in their former offices.

Duterte on Obama, employment rate, Pacquiao-Mayweather rematch | 6PM wRap

Sep 10, 2016 - 8:37 AM

Watch Rappler s 6PM newscast with Mara Cepeda

Inflation 'steady' at 1.9% in July – NEDA

Aug 05, 2016 - 3:28 PM

‘The steady inflation in July is due to slower increases in food prices which offset higher electricity charges ’ says Socioeconomic Planning Secretary Ernesto Pernia

PH imports up 39.3% in May 2016

Jul 26, 2016 - 5:25 PM

Among 11 selected Asian countries only the Philippines posted a double digit growth while other countries declined says NEDA

PH imports up 29% in April 2016

Jun 26, 2016 - 8:24 PM

Among selected Asian economies only the Philippines and Vietnam post positive growth in imports growth for April says NEDA

Review of PH energy policy underway

May 26, 2016 - 4:57 PM

It is the obligation of the government to act to save the people from climate change and not wait says Emmanuel De Guzman vice chair of the Climate Change Commission

PH, South Korea sign $100M loan deal for Panguil Bay Bridge

Apr 28, 2016 - 2:15 PM

The bridge will connect Tangub Misamis Occidental and Tubod Lanao Del Norte

CONNECTING CITIES. Panguil Bay Bridge is targeted to be implemented starting this year until 2018. Image from

2 more ex-congressmen face PDAF scam charges before Sandigan

Apr 20, 2016 - 10:48 PM

Former representatives Alvin Sandoval Malabon Navotas and Arrel Olaño Davao del Norte join the growing list of officials charged before the Sandiganbayan in line with the PDAF scam

Majority of Filipinos not dreaming of riches – NEDA survey

Mar 31, 2016 - 6:46 PM

The nationwide survey shows that most Filipinos want a simple comfortable life

PH exports decline anew in August

Oct 09, 2015 - 3:41 PM

This marks the 5th consecutive month of negative export growth in 2015

SHARE. Components / devices (semiconductors) has the biggest share of 33.5% among electronic products and grew by 8.6% to $1.72 billion in August 2015 from $1.58 billion in August 2014. File photo from Agence France-Presse

NEDA 2016 budget increase set to sustain reforms

Sep 21, 2015 - 7:00 PM

The 2016 budget is up by 8 to P7 06 billion led by a P2 billion proposed funding for the Public Private Partnership Center

President Benigno S. Aquino III presides over the National Economic and Development Authority (NEDA) Board Meeting at the Malacañang Palace on Friday, September 4, 2015. File Photo by Joseph Vidal/ Malacañang Photo Bureau)

DOTC: New long-term MRT3 maintenance provider in January

Sep 02, 2015 - 5:00 PM

The transportation department says it has invited several established reputable foreign expert groups to maintain the railway system for 3 years

NEGOTIATED PROCUREMENT. The new long-term maintenance provider will take over from these 7 multi-discipline contractors when their services expire in January 2016.

Keep the devil away from the Philippine Competition Act

Jul 11, 2015 - 6:13 PM

Part 2: After lawmakers succeeded in passing the measure the next challenge is to keep its powers intact and free from vested interests

How this Fil-Am appointee champions small businesses in NYC

Jul 01, 2015 - 4:13 PM

Maria Torres Springer is appointed as head of the city s main agency for economic development

Ayala interested in proposed P15B NAIA development

Apr 06, 2015 - 8:36 AM

The conglomerate however is not interested in the ongoing bidding for 5 regional airports

BCDA prepares bid terms for Clark Rail project

Mar 28, 2015 - 9:06 PM

The planned train system to be bid out as a joint venture project will have 13 stations linking Malolos to Tarlac City and will connect to the North South Commuter Railway project

Fate of 1st PH subway proposal known late March

Mar 04, 2015 - 5:52 PM

If approved by the NEDA Board the project will be up for bids by the second quarter of 2015 the PPP Center chief says

Light rail or subway?

Mar 03, 2015 - 4:06 PM

A light rail network is easier and cheaper than a subway system says Metro Pacific Investments Corporation’s Chairman Manuel V Pangilinan

NEDA prefers ‘cheaper’ BGC route for subway project

Feb 19, 2015 - 5:31 PM

The government is set to shell out P20 billion more if it chooses 32nd Street in Bonifacio Global City as final subway stop

APEC senior officials to build on priorities set in China

Feb 06, 2015 - 4:13 PM

The priorities revolve around advancing regional economic integration promoting innovative development economic reform and growth strengthening comprehensive connectivity and infrastructure development

Philippines to boost services sector in APEC meetings

Feb 01, 2015 - 5:23 PM

The Philippines can take advantage of its APEC chairmanship to promote its services sector which is the economy s largest growth driver according to NEDA

GREEN LIGHT. President Benigno S. Aquino III presses a button to officially launch the APEC Logo during the Asia-Pacific Economic Cooperation (APEC) 2015 kick off ceremony on Monday, December 1, 2014. Photo by Photo by Robert Viñas / Malacañang Photo Bureau

Reforms to buoy PH growth in the long term

Jan 30, 2015 - 2:10 PM

While rosy economic prospects loom for the former Sick Man of Asia analysts warn of a turnaround if serious reforms are not put in place

Missed target: PH economic growth shrinks to 6.1% in 2014

Jan 29, 2015 - 10:07 AM

3rd UPDATE While the country s gross domestic product speeds up in Q4 at 6 9 it brings the full year 2014 growth to only 6 1 – short of the government s target of 6 5 7 5

1st PH subway project awaits final green light

Jan 27, 2015 - 6:32 PM

If approved the Mass Transit System Loop project will be the biggest public private partnership under the Aquino administration

World Bank cuts PH 2014 growth forecast to 6%

Jan 14, 2015 - 8:51 PM

Despite lowered expectations the World Bank commends the Philippines ambition to achieve inclusive growth

APEC delegates praise Aquino's 'economic stewardship'

Nov 11, 2014 - 1:40 PM

President Aquino tells delegates he has a good Cabinet whose members make personal sacrifices to serve the country

Social entrepreneurship: Ending poverty from the bottom up

Oct 02, 2014 - 4:09 PM

What is important for a social enterprise is that we build a sustainable enterprise something that will last explains Gawad Kalinga founder Tony Meloto

NEDA chief: Tourism, manufacturing to provide more jobs

Sep 30, 2014 - 8:06 PM

NEDA’s Arsenio Balisacan says job readiness in tourism and manufacturing is not a concern and that they can employ more Filipinos to sustain the country’s growth

The wRap Indonesia: Sept. 3, 2014

Sep 03, 2014 - 9:45 AM

KPK s plans to name a cabinet minister suspect losing vice presidential candidate Hatta Rajasa s meeting with Jokowi an almost naked pervert on display at a Jakarta bus shelter and more

WHAT'S NEXT? Losing vice presidential candidate Hatta Rajasa has met with President-elect Joko Widodo, but no coalition talks have been finalized. File photo by AFP

Philippine population to hit 142M by 2045

Jul 29, 2014 - 1:54 PM

The Philippine Statistics Authority says the Philippine population will swell by nearly 50M in 2045 even with the projected decline in the annual growth rate

Anti-graft court won't stop proceedings vs Padaca

Apr 15, 2014 - 8:57 PM

The Comelec commissioner cannot invoke immunity from charges as granted by the Constitution because the act was committed before her appointment to the poll body

PH unveils updated plan to fight persistent poverty

Apr 14, 2014 - 9:56 PM

UPDATED In the revised Philippine Development Plan the government will increase infrastructure spending among other reforms to lower poverty incidence to 18 20 by 2016

SBMA expands to Zambales

Dec 03, 2013 - 6:27 PM

The local government of San Antonio Zambales turns over some 10 000 hectares to the Subic Bay Metropolitan Authority

TURNOVER. San Antonio, Zambales town Mayor Estela D. Antipolo (left) hands over to SBMA Chairman Roberto V. Garcia a copy of a resolution declaring a portion of the town's southern coastal tip as an eco-tourism zone. The area is being eyed for development by the Subic Bay Metropolitan Authority (SBMA) under its expansion program. Also in photo are Vice-Mayor Lugil Ragadio and SBMA Deputy Administrator for Legal Affairs Atty. Randy B. Escolango (extreme left). Photo by Randy Datu/Rappler

NDRRMC: Too many cooks spoil the broth

Nov 30, 2013 - 10:46 PM

The law creating the NDRRMC may have its innovations but it fails Yolanda s horrific test

Ayala no longer pursuing Pasay reclamation project

Nov 04, 2013 - 10:05 PM

The property giant asks the city to address crucial issues before bidding and awarding the P54 5 B project

UNRESOLVED ISSUES. Ayala Land raises concerns regarding the bidding of a Manila Bay reclamation project by the Pasay government

National survey: We have many malnourished children

Jul 12, 2013 - 4:07 PM

Results of a national nutrition survey show that 7 3 of children aged 0 to 47 months old suffer from acute malnutrition

Photo from EPA.

Revised JV guidelines out in May

May 02, 2013 - 8:40 AM

The revised guidelines now require NEDA ICC approval for all JV projects

Politics not basis for economic decisions: Aquino

Jan 29, 2013 - 1:34 PM

UPDATED Political convenience does not influence economic decisions under the Aquino administration the president says

DON'T MIX. President Aquino graces the 40th anniversary of Neda, the 3rd president after his mother and Fidel Ramos to ever visit the agency. Politics has no place in Neda's decisions to approve projects, he says. Photo by Malacañang bureau.