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  • 1st Jul 15

    ‘Competition Bill to improve PH footing in global economy’ – NEDA

    MANILA — The landmark legislation ‘Fair Competition Act’ will strengthen the foundations for a sustained and inclusive growth in the Philippines, according to the National Economic and Development Authority (NEDA). “The Competition Bill will not only sustain but bolster a rapidly growing Philippine economy. As the bill levels the playing field among businesses, we can expect an increased level of confidence among the international business community, and thus lead to a surge of investments and economic activity, and an...

  • 25th Jun 15

    Capital, consumer goods remain afloat despite decline in total imports in April 2015

    MANILA – Despite the 12.8-percent year-on-year decline in total merchandise imports in April 2015, domestic demand for capital and consumer goods remains strong, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority’s latest report indicates that merchandise imports significantly decreased to US$4.7 billion in April 2015 from US$5.4 billion in April last year. The sharp decline in imported mineral fuels and lubricants (-53.9%), and raw materials and intermediate goods (12.8%) in April 2015 caused the...

  • 11th Jun 15

    NEDA pushes review of laws and regulations that impede investments, growth
    Foreign Investments Act must be reviewed and updated – Balisacan

    MANILA – Ineffective and counter-productive laws and regulations must be repealed to boost the country’s competitiveness and encourage investments, according to the National Economic and Development Authority (NEDA). “Existing regulations that are not responsive towards improving the ease of doing business in the country should be reviewed and amended. Likewise, proposed laws and regulations that impede trade, investment, and economic efficiency should be eliminated,” said Economic Planning Secretary Arsenio M. Balisacan in a position paper submitted in response to...

  • 10th Jun 15

    Manufacturing sector outlook remains upbeat in 2015 – NEDA

    MANILA – Production of the manufacturing sector increased slightly in April 2015 but the outlook remains upbeat with expectations of robust private consumption and public spending, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries (MISSI) released today, the manufacturing sector’s Volume of Production Index (VoPI) slightly grew by 1.4 percent in April 2015, lower than the 16.1-percent expansion last month and the 10.8-percent growth a year ago....

  • 10th Jun 15

    Fragile global demand pulls down exports in April 2015

    MANILA – Philippine merchandise exports declined by 4.1 percent in April 2015 following a modest rebound of 2.1 percent in the previous month, due to lower revenues from petroleum, mineral and agro-based products, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported that the total value of outward shipments fell to US$4.4 billion in April 2015 from US$4.6 billion in the same period last year. “The decline is partly reflective of fragile global economic...