- NEDA's Investment Coordination Committee (ICC) said that it has 55 flagship projects lined up within President Rodrigo Duterte’s term that are worth more than P1.2 trillion.
- National Economic and Development Authority (NEDA) Chief Ernesto Pernia is optimistic the Philippines will meet its GDP target for 2016.
- The government seeks full implementation of the RH law to aid its efforts to reduce the country’s poverty incidence.
- President Rodrigo Duterte approved the P171 billion infrastructure projects during the first meeting of the National Economic and Development Authority (NEDA) Board. NEDA also approved the streamlining of the members of the board during the meeting.
- According to Bangko Sentral ng Pilipinas (BSP), the unique growth story in the country’s economy is based on long-term stability, resilience and strength.
- Import figures in the Philippines is on an upward trajectory because of the positive growth rate of eight out of 10 major import commodities. These include Iron and Steel, Power Generating and Specialized Machinery and Transport Equipment.
- The feasibility study for Mindanao Railway System (MRS) is now ordered to be fast tracked. The MRS is set to start construction in 2017 once the study is completed and reviewed, and the financial scheme is set.
- The Philippine economy posted a 7 percent increase in the second quarter (Q2) of 2016, driven by the upsurge in the performance of the Services sector, which was backed by the robust spending for the May 9 elections.
- NEDA said on Thursday that China, Japan and South Korea are eyeing investments in the Mindanao railway system project.
NEDA’s Development Plan: 3 Things To Know About The Duterte Administration’s Priorities On DevelopmentThe National Economic and Development Authority drafted its development plan, which is aligned with the United Nation's Sustainable Development Goals and the Duterte administration's aims to reduce poverty rate in the country.