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Subnational regions should be at the forefront of Philippine development as the government implements its massive infrastructure program throughout the country in line with the National Spatial Strategy, the National Economic and Development Authority (Neda) said.

Finance Secretary Carlos Dominguez III has sought South Korea’s funding support and expertise in implementing the Philippines’ big-ticket infrastructure and information technology (IT) projects in line with the Duterte administration’s goal of modernizing the country’s logistics backbone and preparing the economy for the impact of rapid technological innovations.

Department of Trade and Industry (DTI) Secretary Ramon M. Lopez met with Deputy United States Trade Representative (USTR) Jeffrey D. Gerrish and his delegation to further trade and investment ties and continue with the exploratory discussions for a possible free trade agreement (FTA) between the Philippines (PH) and the United States (US).

The Philippines is well poised to meet its target of reducing poverty incidence by 2022, with the Asian Development Bank (ADB) providing the necessary support to initiatives that aim to address inequalities across the country, such as the government’s massive infrastructure buildup and its social protection programs, according to a key official of the institution.

The state-run Social Security System (SSS) is seeking the issuance of an Executive Order (EO) or the enactment of the proposed amendment of Republic Act 8282 or Social Security Law of 1997 to fulfill the promise of Pres. Rodrigo Duterte to give additional benefit to SSS pensioners.SSS President and Chief Executive Officer Emmanuel Dooc issued the statement amidst clamor from …

Manila and Tokyo signed last May 15 an agreement that would provide the Philippine government with a 2-billion yen (P970 million) grant from Japan to support ongoing efforts for the reconstruction and rehabilitation of the devastated city of Marawi in Mindanao.

The government should consider slowing down the implementation of the Pantawid Pamilyang Pilipino Program (4Ps) to make sure only the poor benefit from it.

Reducing inequality is at the core of the Philippine Development Plan 2017-2022, the country’s blueprint for socioeconomic development, National Economic and Development Authority (Neda) Undersecretary for Policy and Planning Rosemarie Edillon told members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) that Edillon led the Philippine delegation to the UNESCAP’s recent 74th Session held …

The Philippines has urged its fellow member-states in the Association of Southeast Asian Nations (Asean) to build a region-wide database on disaster risk management to facilitate the sharing of information on mitigating the effects of climate change and ensure timely cooperation among them in the face of calamities.

The moderate rise in inflation is only “temporary” and remains manageable under a robust economy even with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which is necessary to support funding for the government’s massive spending on the “Build, Build, Build” program and on social services, according to the Department of Finance (DOF).