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  • Imports decline by 9.6 percent in May 2014: Businesses urged to invest in imported capital goods to boost competitiveness

    MANILA – Lower payments for imported mineral fuels and lubricants and capital goods significantly outweighed the sustained growth in imports of raw materials and intermediate and consumer goods in May 2014 resulting in a 9.6 percent decline from May 2013, according to the National Economic and Development Authority (NEDA). “The reversal in import payments for mineral fuels and lubricants in May 2014 from strong growth rates in the last two months significantly pulled down total imports. Moreover, sluggish importation...

  • July is National Nutrition Month

    NEDA joins the nation in observing the National Nutrition Month this month, July. The observation is based on Presidential Decree 491, or the Nutrition Act of the Philippines, signed on June 25, 1974. The National Nutrition Council (NNC) is spearheading the nationwide celebration of Nutrition Month. This year’s theme is “Kalamidad Paghandaan: Gutom at Malnutrisyon Agapan.” The theme aims to underscore the necessity of hunger and malnutrition prevention among Filipinos to minimize the impact of calamities and disasters. The...

  • EXTERNAL HUMANITARIAN & DEV’T ASSISTANCE MUST BE COORDINATED WITH GOVERNMENT – NEDA, Parallel structures overburden LGUs, Balisacan says

    Economic Planning Secretary and NEDA Director-General Arsenio Balisacan (2nd from left) met with ​​United Nations Development Programme (UNDP) Administrator Helen Clark (2nd from right) to discuss disaster risk reduction and management  and the progress and directions of UNDP assistance to the Philippines at the UN Headquarters in New York City on July 10, 2014. Also in the meeting was NEDA Deputy Director-General Rolando Tungpalan (left). NEW YORK CITY — External humanitarian and development assistance must at all times be coordinated...

  • Good evaluation needed for sound decision-making — NEDA

    NEW YORK CITY— Good evaluation of plans, programs, and projects is needed for sound decision-making and promoting government transparency and accountability, according to the National Economic and Development Authority (NEDA). Economic Planning Secretary Arsenio M. Balisacan made this statement during a session on “A renewed global partnership for development” at the Fourth Biennial High-level Meeting of the Development Cooperation Forum (DCF) on July 11, 2014 at the UN Headquarters in New York City. Balisacan stressed the crucial role of...

  • PH exports grow by 6.9 percent in May ’14

    MANILA— Philippine exports grew by 6.9 percent in May 2014 and overall outlook for the rest of the year continues to be upbeat, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority (PSA), an attached agency of NEDA, reported today that total revenues from exports rose to US$5.5 billion during the period from US$5.1 billion or 4.1 percent in May 2013. To date, total exports increased by 5.8 percent from US$23.0 billion in the same...