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  • 28th May 15

    Statement of Sec. Balisacan on the 2015 Q1 Performance of the PH Economy

    STATEMENT Economic Planning Secretary Arsenio M. Balisacan Press Conference on the 2015 Q1 Performance of the Philippine Economy 28 May 2015, 10:00 AM PSA-NSCB Operations Room, Makati City Ladies and gentlemen, members of the media, our colleagues in government, good morning. The 5.2-percent GDP growth in the first quarter of 2015 reported by the Philippine Statistics Authority is lower than what the government and the market expected for the period. While growth in the private sector remains robust, the...

  • 26th May 15

    Lower prices of oil, raw materials reduce imports in March 2015

    MANILA – Merchandise imports contracted by 6.8 percent in March 2015 as lower payments primarily for mineral fuels, lubricants and raw materials were recorded in the period, according to the National Economic and Development Authority (NEDA). According to a report from the Philippine Statistics Authority, total import payments fell to US$5.1 billion in March 2015 from US$5.5 billion from the same period last year. The decline came after a 10.2-percent rebound in February 2015 and a 10.8-percent annual growth...

  • 25th May 15

    PH, Japan ink grant for community development in Mindanao

    MANILA – The National Economic and Development Authority (NEDA) led the Philippine government in signing the grant agreement for community development in conflict-affected areas in Mindanao. Economic Planning Secretary Arsenio M. Balisacan and Noriaki Niwa, Chief Representative of the Japan International Cooperation Agency (JICA) Philippine Office, signed the grant agreement in May 25, 2015 on behalf of the Philippine and Japanese Governments, respectively. As one of Japan’s major development partners, the Philippines will receive a grant amounting to JPY1.117...

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Plans and Reports

The Philippine Development Plan 2011-2016 Midterm Update

The PDP Midterm Update realigns the government’s strategies to craft and implement concrete solutions to the country’s problems, and speed up the creation of high quality jobs, reduce poverty and achieve inclusive growth.It specifies indicators of efficiency and effectiveness to measure success, and is committed to quality-of-life targets such as creating the conditions for productive and remunerative work and improving overall well-being. Beyond income poverty, the Plan views poverty as deprivation in multiple dimensions, and thus approaches poverty reduction as also ensuring people’s access to health, education, water, sanitation, and secure shelter, among others. Read more