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Innovate to unlock PH potential as high-income country: NEDA

Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director General Karl Kendrick Chua (File photo) MANILA - Policies are now in place to use new technologies in unlocking the country's potential to be a high-income economy, the government's top economist said. During the online celebration for the National Innovation Day Thursday, Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director General Karl Kendrick Chua said the Philippine Innovation Act will raise the country's productivity through research and development, and using new technologies and processes. "This will enable us to shift from low-value added to high value-added activities and unlock the potential to become a high-income country," Chua said. He said to enable this potential, innovation should be one of the country's priorities in its next Philippine Development Plan (PDP). "The national innovation agenda will hi ....

South Korea , Karl Kendrick Chua , National Economic , National Innovation Day , National Innovation Strategy , Development Authority , Philippine Development Plan , National Innovation Council , National Innovation Day Thursday , Socioeconomic Planning Secretary , Director General Karl Kendrick Chua , Philippine Innovation Act , Philippine Innovation , Undersecretary Rafaelita Aldaba , Socioeconomic Planning Secretary And National Economic Development Authority Neda Director General Karl Kendrick Chua File Photo Manila Policies Are Now In Place To Use New Technologies Unlocking The Country 39s Potential Bea High Income Economy , He Government 39s Top Economist Said During The Online Celebration For National Innovation Day Thursday , Ocioeconomic Planning Secretary And National Economic Development Authority Neda Director General Karl Kendrick Chua Said The Philippine Innovation Act Will Raise Country 39s Productivity Through Research , Nd Using New Technologies And Processes Quot This Will Enable Us To Shift From Low Value Added High Activities Unlock The Potential Becomea Income Country , Uot Chua Said He To Enable This Potential , Nnovation Should Be One Of The Country 39s Priorities In Its Next Philippine Development Plan Pdp Quot National Innovation Agenda Will Highlight Priority Areas And Streamline , Mplementation And Coordination Of Innovation Policies Strategies In The Country , Uot The Neda Chief Added This Year , He National Innovation Council And Stakeholders Will Craft The Strategy Document Guided By Philippine Toolkit Quot We Still Havea Long Way To Go Before Becoming An Hub Like South Korea Or Singapore , Ut There Is No Doubt The Filipinos Have Innate Talent , Nd Creativity To Make This Possible , Uot Chua Said For The Department Of Trade And Industry Dti ,