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NEDA Board approves Philippine Development Plan 2017-2022

February 21, 2017 MANILA – During its third meeting under the administration of President Rodrigo R. Duterte, the National Economic and Development Authority (NEDA) Board officially approved the Philippine Development Plan 2017-2022 on February 20, 2017 at Malacanan Palace. The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a

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Manufacturing scores double-digit growth in 2016

MANILA – Manufacturing output posted double-digit growth in both December 2016 and full-year 2016 due to increase in production of petroleum products, food manufactures, and transport equipment, according to the National Economic and Development Authority (NEDA). Based on the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries (MISSI) for December 2016, the Volume of

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PH trade growth up in 2016 on strong imports

Philippine merchandise trade in 2016 grew 5.8 percent from 2015, backed by double-digit growth of imports that offset exports decline, according to the National Economic and Development Authority (NEDA). Based on a report by the Philippine Statistics Authority, the full-year 2016 total trade reached US$137.4B, with the 14.2-growth in imports mitigating the 4.4 percent decline

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PH ECON MANAGERS RECOMMEND ALTERNATIVE TO ‘ACROSS-THE-BOARD’ FREE TUITION POLICY PROPOSAL

​February 9, 2017 MANILA – In a joint position paper, the economic managers of the Philippine government recommended fully funding the Unified Student Financial Assistance System for Tertiary Education (UniFAST) as a better alternative to the proposed legislations on free tuition for all undergraduate students in State Universities and Colleges (SUCs). According to Socioeconomic Planning

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