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THE HOUSE of Representatives on Monday approved a measure that seeks to create a department for economic and development planning, absorbing the current economic planning agency.

House Bill 10625 or the proposed Department of Economics and Development Planning (DEDP) Act, was approved on third and final reading after receiving 195 votes, according to the proceedings of the House, sitting as a plenary body.

Under the bill, the National Economic and Development Authority (NEDA) will be absorbed by the DEDP, which is intended to streamline national economic planning, ensure their continuity, as well engage more stakeholders. — Jaspearl Emerald G. Tan