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Did the Office of the Presidential Assistant of the Visayas (OPAV) influence the Department of Transportation (DOTr) on reorganizing the Project Implementation Unit (PIU) of the Cebu Bus Rapid Transit (BRT)? Cebu City Mayor Tomas Osmeña believed…
Despite movement in consumer prices nationwide, the prices of goods in Central Visayas remained unchanged in November this year. According to a report by the Philippine Statistics Authority (PSA), regional inflation for November 2017 was recorded…
THE country’s chief economist has anticipated a full-year gross domestic product (GDP) growth hitting the middle of the government’s 6.5–7.5 percent target. “If we hit close to the midrange we’ll be happy with that, higher or lower…
The National Economic and Development Authority Board, which is chaired by the President, has approved on Tuesday afternoon the additional budget for the Cebu BRT Project. The increase is from P10.6 billion to P16.3 billion. Cebu BRT…
THE National Economic and Development Authority in Central Visayas (Neda-7) is among this year’s awardees of the Bangko Sentral ng Pilipinas (BSP) for supporting the financial institution in its programs and other initiatives to improve the quality…
The National Economic Development Authority (NEDA) – Investment Coordination Committee (ICC) Cabinet Committee (CabCom) has approved the additional budget request for the Cebu BRT project in a meeting in Manila on Friday afternoon. According to BRT-Project Implementation…
Additional funding of P6.3B up for discussion in the Neda ICC meeting It is not yet the end of the road for the Bus Rapid Transit (BRT) project being proposed by Cebu City Mayor Tomas Osmeña. The…
Central Visayas has grown remarkably in the last six years, according to the country’s economic chief, but he said it can still do better with Cebu taking the lead. Socioeconomic Planning Secretary Ernesto Pernia said Central Visayas,…
“Political, if not graft.” This was how Cebu City Mayor Tomas Osmeña described the decision of the National Economic Development Authority (NEDA) to temporarily halt the implementation of the P16.9 billion Bus Rapid Transit (BRT) project to…
Inflation in June fell to a five-month low of 2.8 percent, such that state planning agency National Economic and Development Authority (Neda) on Wednesday said it expects stable prices until year-end to support economic growth. The latest…
The initial phase of the railway aimed at connecting key cities on Mindanao island will be up for President Rodrigo Duterte’s go-ahead later this month after the National Economic and Development Authority’s Investment Coordination Committee-Cabinet Committee (Neda…
As the Duterte administration pivots to neighboring economic giants such as China and Japan that offer financing for infrastructure projects, the share of foreign borrowings may exceed the government’s medium-term program and reach 30 percent of the…
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