Balisacan: We intend to retain the valuation of ecosystem services as a key strategy in the sustainable management of the environment and natural resources
Furthermore, the NEDA Board, under the Aquino Administration, has approved a total of 97 projects amounting to PhP1.39 trillion (USD31.42 billion), 81 of which are critical infrastructure programs and projects, with a total cost of PhP1.24 trillion (USD28.05 billion), to support the growth requirements of the country’s economic sectors. Of the total number of approved projects, 24 are funded through PPPs, 54 projects are financed through Official Development Assistance, and 19 projects are for local financing.
Secretary Balisacan: Most of these projects aim to have a more reliable and efficient transport infrastructure system. These are consistent with the government’s thrust to increase investment in connective infrastructure.
Ambassador Roberto Sebastián of the Republic of Argentina paid a courtesy call on Economic Planning Secretary and NEDA Director-General Arsenio Balisacan on February 10 at the NEDA Central Office, Pasig City.
Members of Spain’s Committee on Foreign Relations of the Congress of Deputies led by Hon. Josep Antoni Durani i Leida (left) paid a courtesy call on NEDA Director-General Arsenio Balisacan on February 6.
The delegates Pekka Nieminen and Mika Eriksson were briefed by NEDA Deputy Director-Generals Emmanuel Esguerra and Rolando Tungpalan on the economic performance of the Philippines.
In sum, we need to commit ourselves to further our governance and economic reforms. Our tasks are far from complete, as we need to address the remaining critical constraints to fully realize our goal of inclusive growth. But seeing what the economy has become now, there’s no denying that the groundwork has already been laid out. Amid distractions and political noise, we hope more and more will join us in protecting our gains, avoiding reversals and sustaining reform efforts beyond the current administration.
Manufacturing sector grows by 7.5 percent
Ample supply of key food items and lower petroleum prices and electricity rates pulled down inflation to 2.4 percent in January 2015.
There is need for greater willingness to increase governments’ capacities to adjust so that people’s access to better opportunities in an integrated regional economy may be facilitated.