(UPDATE) PRESIDENT Ferdinand Marcos Jr. has issued an executive order (EO) approving the five-year Philippine Development Plan (PDP) which will serve as the country's roadmap for economic recovery.

Malacañang said on Monday EO 14 paves the way for the implementation of the second medium-term plan to "bring back the country to a high-growth trajectory and more importantly, enable economic and social transformation for a prosperous, inclusive and resilient society."

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