• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A cluster of tall buildings in a city, advocated by the NEDA for promoting the Blue Economy.

NEDA Advocates for P1 Trillion ‘Blue Economy’ to Stimulate Growth

01/17/2024
Sweeping New U.S. Tariffs Take Effect Across Dozens of Countries

Sweeping New U.S. Tariffs Take Effect Across Dozens of Countries

08/08/2025
Higher Tariffs Imposed on Imports from Dozens of Countries

Higher Tariffs Imposed on Imports from Dozens of Countries

08/08/2025
Bank of England Reduces Interest Rate, Monitors Tariff Impact

Bank of England Reduces Interest Rate, Monitors Tariff Impact

08/08/2025
Philippine Semiconductor Sector Expresses Concern Over Potential U.S. Tariffs

Philippine Semiconductor Sector Expresses Concern Over Potential U.S. Tariffs

08/08/2025
U.S. Implements Broad Tariffs as Economic Indicators Shift

U.S. Implements Broad Tariffs as Economic Indicators Shift

08/08/2025
Connect Cargo Pvt Ltd Launches Free Global Tariff Lookup Tool

Connect Cargo Pvt Ltd Launches Free Global Tariff Lookup Tool

08/07/2025
Philippine Exporters to Benefit from U.S. Tariff Cut to 19%

Philippine Exporters to Benefit from U.S. Tariff Cut to 19%

08/07/2025
Tariff Shake-Up: Southeast Asia Alarmed by U.S. Transshipment Policy

Tariff Shake-Up: Southeast Asia Alarmed by U.S. Transshipment Policy

08/07/2025
New U.S. Tariff Policy on Transshipped Goods Worries Southeast Asia

New U.S. Tariff Policy on Transshipped Goods Worries Southeast Asia

08/07/2025
Southeast Asian Economies React to Rising U.S. Tariff Measures

Southeast Asian Economies React to Rising U.S. Tariff Measures

08/07/2025
U.S. Transshipment Tariff Raises Concerns for Southeast Asian Economies

U.S. Transshipment Tariff Raises Concerns for Southeast Asian Economies

08/07/2025
SAYTA Launches Free Global Tariff Lookup Tool

SAYTA Launches Free Global Tariff Lookup Tool

08/07/2025
supplychainreport
Friday, August 8, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

NEDA Advocates for P1 Trillion ‘Blue Economy’ to Stimulate Growth

by Richie
01/17/2024
in Corporate Social Responsibility, Economic Indicators, Ethical Sourcing, Global Trade, Industry, Market Trends, Sourcing

YOU MAY ALSO LIKE

Sweeping New U.S. Tariffs Take Effect Across Dozens of Countries

Higher Tariffs Imposed on Imports from Dozens of Countries

The National Economic and Development Authority (NEDA) unveiled plans on Wednesday to champion the “Blue Economy” bill this year, aiming to bolster economic growth in the Philippines.

Highlighting the significant value of the nation’s maritime sector, encompassing oceans and associated resources, NEDA projects a valuation surpassing P1 trillion. During the 8th Joint Economic Briefing, organized by various foreign chambers in the country, NEDA Usec. Rosemarie Edillon affirmed the agency’s support for the proposed “Blue Economy Act,” sponsored by Senator Loren Legarda, emphasizing its potential to exceed initial estimates.

Edillon explained the need for a comprehensive framework to develop the blue economy, encompassing various elements such as resorts, diving spots, the maritime sector, ocean energy, and offshore wind.

The World Bank defines the blue economy as the “sustainable use of ocean resources for economic growth, improved livelihoods, jobs, and ocean ecosystem health.” It encompasses fisheries, maritime transport, tourism, climate change, waste management, and renewable energy.

Acknowledging the untapped potential of the blue economy, Edillon emphasized its myriad economic activities waiting to be explored.

The Department of Energy (DOE) also sees a role for the blue economy in contributing to renewable energy projects. DOE Usec. Rowena Guevara shared that the agency is advocating for more renewable energy initiatives, including hydro, wind, tidal, and offshore wind. As of November 2023, 1,186 renewable energy service contracts have been awarded under the RE Law, with a total potential capacity of 132.9 gigawatts. However, only 5.7 GW has been installed to date.

Guevara highlighted preparations for potential challenges, including El Niño, which could impact the country’s power supply. She expressed concerns about hydro resources possibly decreasing by up to 70 percent due to El Niño, and assured that the DOE is making necessary preparations.

The economic briefing, organized by various foreign chambers such as the British Chamber of Commerce of the Philippines, Dutch Chamber of Commerce in the Philippines, European Chamber of Commerce of the Philippines, French Chamber of Commerce and Industry in the Philippines, German-Philippine Chamber of Commerce and Industry, Nordic Chamber of Commerce of the Philippines, and the Spanish Chamber of Commerce in the Philippines, provided a platform for discussing strategies to promote sustainable economic growth.

Discover in-depth supply chain report news insights at The Supply Chain Report. For international trade tools, see ADAMftd.com.

#BlueEconomy #Philippines #NEDA #SustainableGrowth #RenewableEnergy #MaritimeSector #EconomicDevelopment #ElNino #WorldBank #EconomicBriefing #ForeignChambers #SenatorLorenLegarda #OceanEnergy #OffshoreWind #Tourism #Fisheries #ClimateChange #WasteManagement #EconomicOpportunities

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.