PEDP – WWW.EDC.NET.PH

28th November 202428th November 2024

PEDP 2023-2028: Empowering Mindanao’s exporters with resources and success stories

Region XI – Cagayan de Oro City

The Philippine Export Development Plan (PEDP) 2023-2028: Cascading Government Programs and Services successfully conducted its second Mindanao leg on October 2, 2024, at the Mallberry Suites Business Hotel in Cagayan de Oro City. The event gathered exporters, aspiring exporters, MSMEs, LGUs, academic institutions, and DTI representatives from Region XI to explore government programs that strengthen the export sector.

The program began with a Welcome Message by DTI-Region 10 OIC Regional Director Ruel B. Paclipan and an Opening Message from Hon. George S. Goking, City Councilor of Cagayan de Oro.

Highlights from the Morning Sessions:

13th September 2024

PEDP 2023-2028: Key Support for Exporters kicks off in Cebu

The Philippine Export Development Plan (PEDP) 2023-2028 kicked off its regional rollout with an information session in Cebu City on August 20, 2024, at Cebu Grand Hotel. This session (held in cooperation with DTI Region 7 and Philexport Cebu Chapter) is part of a strategic effort to equip exporters and aspiring exporters with the tools and support needed to thrive in the global market.

Targeting the first of seven key exporting regions, the session covered Region VII (Cebu City) and Region VI-A (Iloilo City, via Zoom). Nearly 150 participants, including exporters, industry leaders, and government representatives, attended the event. It provided a crucial platform for disseminating government programs and services that are directly aligned with the needs of the export sector.

21st August 202422nd August 2024

Unlock Export Success: Join the Cebu Kickoff of the Philippine Export Development Plan 2023-2028

The Philippine Export Development Plan (PEDP) 2023-2028 begins with its first session in Cebu City (Region VII) and Iloilo City (Region VI) on August 20, 2024. This event will be livestreamed via Zoom and is designed to introduce government programs and services that can help exporters succeed.

24th May 202424th May 2024

Driving Export Success: Nationwide Initiative for the PEDP 2023-2028

The Export Development Council (EDC) is preparing for the nationwide launch of stakeholder engagement sessions, a collaborative effort aimed at implementing the Philippine Export Development Plan (PEDP) 2023-2028. These sessions are not just about sharing information, but about fostering a sense of shared responsibility and involvement among stakeholders. They are designed to align efforts and promote government programs, with the active participation of key players in the sector.

19th April 202419th April 2024

Philippine exports surpassed $100 Billion in 2023

The Philippines achieved a historic milestone in 2023 as the total exports of goods and services reached USD 103.6 billion, marking a remarkable 4.8% increase from the recorded export performance of USD 98.83 billion in 2022. However, this falls short of $23.2 billion below the 2023 target outlined in the Philippine Export Development Plan (PEDP).

Director Bianca Pearl Sykimte of the Export Marketing Bureau (EMB), concurrent Executive Director of the Export Development Council (EDC), reported that the Agriculture and Agri-Based Exports sector reached 6.6%, surpassing the 2023 target of 5.1%. Similarly, the ambitious target for the Transport Products also demonstrated significant growth, breaching 5.4% in 2023, exceeding the expected target of 4.2%.

15th March 2024

PH Export Slump: Impact on 2024 Growth Forecasts

The Philippines faces hurdles in reaching its 2024 growth target due to a significant slump in exports. Weak export demand, particularly from key markets like the United States and China poses a challenge.

Economists and experts have varying projections for the Philippine economic performance this year. While the Development Budget Coordination Committee (DBCC) remains optimistic with growth projections of 6.5 to 7.5 percent growth, others like the First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) anticipate slower GDP growth of at least 6.0 percent this year.

A recent publicly featured study by the Philippine Institute for Development Studies (PIDS) titled “Macroeconomic Outlook of the Philippines in 2023–2024: Prospects and Perils” predicts economic growth in 2024 to be between 5.5 and 6 percent, with inflation dropping to the target range. This study presents conditions shaping the global and regional outlook, projections on growth and consumer prices, and prospects coming into 2024. For further details, the complete study by PIDS is can be accessed through this link

Analysts anticipate the Bangko Sentral ng Pilipinas (BSP) to lower interest rates to stimulate investment growth, aligning with predictions of below-target growth in 2024. AOB

22nd February 202422nd February 2024

DTI Sets Ambitious 2024 Export Targets Amidst Market Challenges

Trade Secretary Alfredo “Fred” Pascual set a higher target for Philippine exports in 2024 to align with last year’s export target under the Philippine Export Development Plan (PEDP) 2023-2028. The country needs to attain about 40% growth in export value from 2023 to catch up with the PEDP target; however, market projections suggest an increase of approximately 10% this year. The 10-percent export growth target surpasses the 5 to 6-percent export growth that the Philippine Exporters Confederation, Inc. (PHILEXPORT) had projected.

20th November 202330th January 2024

DOF underscores PH Economic Performance with 5.9% growth in Q3 of 2023

The Department of Finance (DOF) Secretary Benjamin E. Diokno underscored the sustained recovery and progress of the Philippine economy at the Pilipinas Conference 2023, hosted by the Stratbase ADR Institute, with the theme, “The Path Towards Economic Security: Turning Global Risks into Opportunities.”

20th November 202330th January 2024

EDC conducts PEDP 2023-2028 PAPs Validation Workshop

The Export Development Council (EDC) conducted a two-day Validation workshop on the Programs, Activities, and Projects (PAPs) submitted by government agencies under Memorandum Circular No. 27 (2017). The objective was to validate and enhance the proposed strategies in line with the PEDP 2023-2028.

20th November 202330th January 2024

PHILEXPORT urges government to increase budget for export to achieve PEDP 2023-2028 goals

Mr. Sergio R. Ortiz-Luis Jr., EDC Vice Chair and PHILEXPORT President mentioned in an interview that the country’s export target is currently falling short of this year’s target, which is only about to reach $115B. External factors, such as issues related to the Ukraine-Russia and Israel-Hamas war, have contributed to this gap.