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NEDA Board approves nine projects in first meeting: Changes in the Investment Coordination Committee (ICC) review policies also green-lighted

MANILA –In its first meeting under the administration of President Rodrigo R. Duterte, the National Economic and Development Authority (NEDA) Board confirmed approvals of nine projects, amounting to an estimated total cost of PhP171.14 billion, on September 14, 2016. “Once implemented and completed, these approved projects will help attain our medium- and long-term development goals

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Exports decline pulls down total trade in July 2016

MANILA- The total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that total revenue from trade fell from US$ 12.2 billion in the previous year to US$11.4 billion in July

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Manufacturing sustains strong growth in July 2016

MANILA— Production of transport equipment, construction-related goods, and food pushed the manufacturing sector to another strong growth in July 2016, according to the National Economic and Development Authority (NEDA). “The upbeat private consumption and investments continued to drive manufacturing growth. This growth shows that our economy has remained resilient to the continuing weakness in global

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