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  • PH exports sustain strong double-digit growth in July ‘14

    MANILA— Merchandise exports grew by 12.4 percent in July 2014, with higher revenues from manufactures and agro-based products, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority (PSA) reported today that the value of merchandise exports grew to US$5.5 billion during the period from US$4.9 billion in July 2013. The Philippines posted the second highest exports growth among the major economies in East and Southeast Asia in July 2014, next only to China. For the...

  • Strong employment figures in July 2014 support inclusive growth targets – NEDA

    MANILA—Strong gains in the country’s employment in July 2014 show continued signs of dynamism in the labor market and sustained confidence in the economy, according to the National Economic and Development Authority (NEDA). The July 2014 Labor Force Survey (LFS) revealed that the figures for employment, unemployment, underemployment, and the labor force participation rate all improved during the period. The number of employed Filipinos grew by 2.8 percent in July 2014 to 38.5 million from 37.4 million in the...

  • PDP targets in Industry, Services, & Financial sectors likely to be achieved – NEDA

    MANILA – The National Economic and Development Authority (NEDA) is generally optimistic about the achievement of the Philippine Development Plan (PDP) targets for 2014 in the Industry and Services (I&S) sectors. Bright prospects are also seen for the achievement of end-of-plan targets in the financial sector. This is based on the initial results of an ongoing assessment and validation conducted by the Planning Committee on Economic Development, which met last September 3 at the Development Academy of the Philippines,...

  • Inflation remains at 4.9 percent in August 2014, stays within government expectation

    MANILA – Headline inflation rate in August 2014 settled to 4.9 percent, the same as in July 2014, according to the National Economic and Development Authority (NEDA). Increases in the price of food and electricity pushed up inflation, while prices of other commodities remained relatively stable. Food inflation increased by 8.3 percent in August 2014 resulting from faster year-on-year growth in almost all major food items during the period. “Food prices, while expected to remain elevated, are seen to...

  • Opening Remarks of Sec. Balisacan at the Conference on Making Impact Evaluation Matter

    MAKING IMPACT EVALUATION MATTER: BETTER EVIDENCE FOR EFFECTIVE POLICIES AND PROGRAMMES 3 September 2014, 2:30 PM Asian Development Bank, Pasig City   Good afternoon. On behalf of our colleagues in the Philippine government, I am pleased to welcome you all to this international conference on impact evaluation. Our presence here today shows our mutual recognition of the importance and potentials of impact evaluations in crafting more effective policies and programs. This recognition also shows that the field has crossed...