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  • PH exports decline on fragile global demand, lower commodity prices in February 2015

    MANILA— Philippine merchandise exports recorded a 3.1-percent decline in February 2015 on account of lower sales in agro-based products, manufactures, and petroleum products, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that total revenue from Philippine exports reached US$4.5 billion in February 2015, down from US$4.7 billion in the same period last year. “Majority of the major economies in East and Southeast Asia registered negative export performance in February 2015, with only...

  • Lower food prices pull down inflation to 2.4 percent in March 2015

    MANILA – Lower food prices, primarily rice and meat, pulled down headline inflation to 2.4 percent in March 2015 from 2.5 percent in the previous month and from 3.9 percent in March 2014, according to the National Economic and Development Authority (NEDA). “The easing annual growth rate of rice prices was supported by favorable total rice stocks inventory. Food inflation could have been lower if not for the relatively higher prices of vegetables and fish, which is due in...

  • ODA loan disbursement triples in Q4 2014

    MANILA—The financial performance of projects and programs funded through Official Development Assistance (ODA) improved as the disbursement level in the fourth quarter of 2014 tripled from the same period of last year, according to the National Economic and Development Authority (NEDA). “Comparing the financial performance in the fourth quarter of 2014 from the same period in 2013, all absorptive capacity indicators registered favorable performance. This includes the disbursement level, disbursement rate, availment rate, and the disbursement ratio,” said NEDA...

  • Continued fall in oil prices causes imports decline in January 2015

    MANILA – Merchandise imports recorded a 14.2 percent decline in January 2015 as payments for mineral fuels and lubricants, capital and consumer goods contracted in the period, according to the National Economic and Development Authority (NEDA). “Lower oil prices primarily caused the imports bill to decline significantly in January 2015. Over the medium term, payments for imported crude oil may remain lower, tempering the total value of Philippine merchandise imports in 2015,” said Economic Planning Secretary Arsenio M. Balisacan....

  • PH needs more R&D investments for evidence-based disaster risk reduction policies, strategies – NEDA

    SENDAI, JAPAN – With the increasing frequency of natural hazards and disaster-related economic losses globally, more public investments on disaster risk reduction (DRR), particularly on research and development (R&D) are necessary to support more effective and evidence-based DRR policies and strategies, according to the National Economic and Development Authority (NEDA). Economic Planning Secretary Arsenio M. Balisacan emphasized the importance of this intervention during the Ministerial Roundtable on Public Investment Strategies for DRR at the 3rd United Nations (UN) World...