PH-China agree on P24.5-B Davao expressway project

Davao City – Finance secretary Carlos G. Dominguez III and Chinese Vice Minister Fu Ziying, who is also China’s International Trade Representative recently forged an agreement for the conduct of preliminary feasibility studies for the proposed P24.5-billion Davao City Expressway and the Panay-Guimaras-Negros Island Bridges Project that will help decongest the city’s downtown areas. Davao City Investment Promotions Center (DCIPC) head Ivan Cortez said the 23.3-km expressway project will be constructed above ground and will be implemented in three phases. The first phase will cover Carlos P. Garcia National Highway, Maa, Talomo, and Sta. Ana Wharf; the second phase will […]

Neda: P8.3T fund allotted for Central Luzon in 6 years

CLARK FREEPORT – National Economic and Development Authority Region III (Neda-3) Director Severino Santos announced the other day that a total of P8.3 trillion has been allotted for Central Luzon in the next six years based on the Philippine Development Plan (PDP) during the Central Luzon Bloc (CLB) conference with agency regional officers held here. It was learned that the PDP is the first of four development plans crafted until 2040 and coincides with the term of the President and contains the advancement priorities for the said coming years. The Neda director said the framework of the development plan is […]

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Down and out in Bacolod: hard times for the Philippines’ rural poor

Efren Cornessa is the mildest man you’ll ever meet. Stoic and ever-smiling, the sixty-one-year-old is recovering from a bout of illness. With high-blood pressure leaving him unable to work for long in the sun, he has been reduced to sweeping the streets of Talisay City in the island of Negros in the Philippines every morning between 4:00-6:00 a.m. Talisay (officially called “Talisay Negros Occidental”) is part of the wider “Metro Bacolod” metropolitan area. When I first met Efren back in November last year, he was running a sari-sari (i.e. convenience) stall (now shuttered) from the front of his home, replenishing […]

Davao City will have P24.5B expressway project

DAVAO CITY – A P24.5-billion Davao City Expressway will be constructed to decongest traffic in the downtown area through a government-to-government deal. Davao City Investment Promotions Center (DCIPC) head Ivan Cortez told MindaNews on Tuesday that the expressway project is being handled by the Department of Transportation (DOTr) and added that he is not aware of its timeline. He said he is not yet sure whether this new government-to-government project will be undertaken by the Philippines with the support of the Chinese government but said the latter is very aggressive in pursuing it. But a press release issued by Department […]

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Bicol RDC approves advocacy plan on RDP, PDP and Ambisyon Natin 2040

The Bicol Regional Development Council (RDC V) approved the advocacy plan for the Bicol Regional Development Plan (RDP) and Philippine Development Plan (PDP) 2017-2022, and the Ambisyon Natin 2040. The advocacy plan aims to raise awareness, promote commitment and encourage participation of various stakeholders in the region as development partners. The activities identified in the advocacy plan include the following: (a) creation of an adhoc committee on advocacy; (b) production of advocacy materials; (c) organization and training of an inter-agency and multi-sectoral pool of speakers; (d) conduct of advocacy caravans; and (e) advertisements through quad-media. The adhoc committee chairperson and […]

Creating more and better jobs by greening the economy

Environment Secretary Regina Paz L.Lopez is right: More and better jobs can be created if we pursue a greening strategy to develop poor communities nationwide. Millions, literally millions, of jobs can be generated by a green development strategy. How? Aside from the ecotourism projects that the good secretary mentioned for communities devastated by unregulated mining activities, the government may institute the following: First, undertaking greening and climate change-proofing for all barangays nationwide. These are growth locomotives and job generators, especially in depressed barangays that require renewal. Some United Nations agencies, the Department of Social Welfare and Development and local government […]

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Drug rehab projects now eligible for funding via local gov’t IRAs

The government has included drug rehabilitation facilities among projects open for funding from internal revenue allotments, according to a joint memorandum from the Department of Interior and Local Government (DILG) and the Budget department. The joint memorandum circular 2017-1 dated Feb. 22 issued updated guidelines on the appropriation and utilization of the 20% of internal revenue allotment (IRA) set aside for development projects as prescribed by law. Under the allowable social development projects chargeable against the IRA funds, “Special Drug Education Centers,” and “Drug Treatment/Rehabilitation Centers,” were added to the list, among others. According to section 287 of Republic Act […]

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Palace welcomes approval of 2017 investment priorities plan

MANILA—President Rodrigo Duterte approved the 2017 Investment Priorities Plan (IPP) aimed at fostering a sound business environment across the regions. In a press briefing in Malacañan on Tuesday,Presidential spokesperson Ernesto Abella said the priority investment areas will be in manufacturing, including agri-processing, agriculture, fishery and forestry, strategic services, infrastructure and logistics, including local government unit and public-private partnership, and health care services, including drug rehabilitation. Mass housing, inclusive business models, environment and climate change, innovation drivers, energy and export businesses are also included. Abella also announced that the Duterte administration’s Philippine Development Plan ‎‎2017-2022 is now available in the official […]

What government must do to attain PDP goals

Eight months after President Duterte assumed office, the National Economic and Development Authority (Neda) released over the weekend the government’s economic blueprint, dubbed as the Philippine Development Plan (PDP) 2017-2022. The Neda, which spearheaded the crafting of the blueprint, noted that the PDP is the first medium-term plan anchored on the “AmBisyon Natin 2040”, the long-term development plan drawn up by the previous administration. The Neda said the goal of the current PDP is to lay the necessary groundwork that would enable Filipinos to attain a “matatag, ma-ginhawa at panatag na buhay”. The Neda said the PDP 2017-2022 adopted some […]

‘Tariffs from rice imports to help farmers cut cost, boost income’

The Duterte administration vowed to allocate all the tariffs collected from rice imports for programs aimed at helping farmers cut production cost, according to the Philippine Development Plan (PDP) 2017-2022. The country’s economic blueprint said the amendment of the Agricultural Tariffication Act of 1996, or Republic Act (RA) 8178, is included on the priority legislative agenda of the Duterte administration. “Replace quantitative restrictions [QR] on rice with tariffs. The tariff proceeds from rice imports will be plowed back to the rice sector,” the PDP read. While the PDP is cognizant of the adverse impact of the scrapping of the rice […]