NEDA

The National Economic and Development Authority (NEDA) said it is expecting to see the demand for technology-adept workers expand further in the next five years with more businesses recovering and adopting digital processes.

Meanwhile, the National Economic and Development Authority (NEDA) said the digitalization of the Philippine economy and government is one of the six strategies it would implement over the next five years to facilitate economic and social transformation under the Philippine Development Plan (PDP).

National Economic and Development Authority (NEDA) director-general Arsenio Balisacan has stressed the need for the government to transform its own processes so that Filipinos can more easily access and avail of the public services.

Targeting SMEs, Investree Philippines has just expanded beyond Luzon into Central and Western Visayas, as well as into Davao in Mindanao.

NEDA undersecretary for the policy and planning group Rosemarie G. Edillon stressed that there will be greater digitalization, including government processes and a ubiquitous digital economy.

Pres. Rodrigo Duterte signed into law on Monday, March 21, Republic Act 11659 or the amendments to the Public Service Act (PSA), which allows full foreign ownership in key sectors including telecommunications, railways, airports, and shipping.

The National Economic and Development Authority (NEDA) said it will launch on April 21 the National Innovation Agenda and the AmBisyon e-Village, an online innovation platform.

NEDA director-general Karl Chua said there had been some improvements in the country's broadband performance, but the Philippines can do better as it currently ranks 63 out of 178 countries in terms of broadband speed.

Socio-economic Planning secretary Karl Chua cited the importance of easing the restrictions on foreign ownerships, especially telecom and transport, that would help the Philippines attract more investments and create more and better jobs that are crucial to accelerating the country’s economic recovery.

The NEDA said its prioritization of technology, innovation, use of data science, digital information, innovative business processes, knowledge management, and human resource have profoundly transformed the agency.