Food inflation moderates in May IMPACT OF PORK TARIFF REDUCTION AND MAV INCREASE TO BE SEEN IN JUNE 2021 – NEDA June 4, 2021 The temporary reduction in tariffs and the increase in the minimum access volume (MAV) for pork, implemented in mid-May, is expected to bring in benefits starting June 2021, said the National continue reading : IMPACT OF PORK TARIFF REDUCTION AND MAV INCREASE TO BE SEEN IN JUNE 2021 – NEDA
As-delivered Opening Statement of Secretary Chua during Commission on Appointments Hearing
As-delivered Opening Statement of Secretary Karl Kendrick T. Chua Commission on Appointments (CA) Hearing 2 June 2021|1:00 PM Good afternoon, Honorable Senate President Sotto, Honorable Congressman Zamora, Chairperson Honorable Congressman Cagas, Presiding Chair Honorable Senator Recto, and all honorable members of the Commission on Appointments. I am honored this day to appear before the distinguished continue reading : As-delivered Opening Statement of Secretary Chua during Commission on Appointments Hearing
JOINT DBCC STATEMENT: REVIEW OF THE MEDIUM-TERM MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM FOR FY 2021 TO 2024
JOINT STATEMENT ON THE 179TH DEVELOPMENT BUDGET COORDINATION COMMITTEE MEETING Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for FY 2021 to 2024 May 18, 2021 We, the members of the Development Budget Coordination Committee (DBCC), reviewed the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2021 to 2024. This is continue reading : JOINT DBCC STATEMENT: REVIEW OF THE MEDIUM-TERM MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM FOR FY 2021 TO 2024
PH ECONOMY SHOWING SIGNS OF RECOVERY IN Q1 2021 – ECON MANAGERS
May 12, 2021 The country’s strong economic position before the pandemic and improving economic data in recent months point to an economy on the mend, according to the Philippine government’s economic managers, consisting of Socioeconomic Planning Secretary Karl Kendrick T. Chua, Finance Secretary Carlos G. Dominguez, and Budget Secretary Wendel E. Avisado. As reported by continue reading : PH ECONOMY SHOWING SIGNS OF RECOVERY IN Q1 2021 – ECON MANAGERS
PH RECORDS LOWEST UNEMPLOYMENT RATE SINCE COVID-19 PEAK – ECON MANAGERS
May 6, 2021 Rising labor force participation and falling unemployment have enabled millions of Filipinos to regain their jobs and incomes in March 2021, according to the country’s economic managers. In a joint official statement, the Philippine government’s economic managers consisting of Socioeconomic Planning Secretary Karl Kendrick T. Chua, Finance Secretary Carlos G. Dominguez, and Budget Secretary continue reading : PH RECORDS LOWEST UNEMPLOYMENT RATE SINCE COVID-19 PEAK – ECON MANAGERS
THE MARCH 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS
THE MARCH 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT SECRETARY WENDEL E. AVISADO MAY 6, 2021 Labor force survey (LFS) results The labor market continued to see gains in March 2021 following the continue reading : THE MARCH 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS
INCREASED PORK IMPORTATION URGENTLY NEEDED TO TEMPER RISING MEAT INFLATION – NEDA
May 5, 2021 The temporary reduction of pork tariffs and the increase of the minimum access volume (MAV) for imported pork are essential to immediately curb the rising pork inflation for the benefit of some 100 million Filipinos, the National Economic and Development Authority said. The Philippine Statistics Authority (PSA) reported that the country’s headline continue reading : INCREASED PORK IMPORTATION URGENTLY NEEDED TO TEMPER RISING MEAT INFLATION – NEDA
GOV’T MANAGING RISKS, FAST-TRACKING CONTACT TRACING EFFORTS AND NATIONAL ID – NEDA
May 4, 2021 The Philippine government is recalibrating its COVID-19 response to better manage risks and fast-track solutions on contact-tracing and the national ID deployment, said the National Economic and Development Authority (NEDA). “Instead of shutting down the entire economy, we only close down the sectors or the areas with the higher risk and allow continue reading : GOV’T MANAGING RISKS, FAST-TRACKING CONTACT TRACING EFFORTS AND NATIONAL ID – NEDA
MANAGING COVID-19 RISKS NEEDED TO IMPROVE LABOR MARKET CONDITIONS – NEDA
May 4, 2021 The government’s roadmap to economic recovery entails effectively managing COVID-19 risks to empower individuals and firms to thrive in the new normal, said the National Economic and Development Authority (NEDA). “Managing the current risks brought about by the COVID-19 pandemic and other economic shocks will be crucial in continuously improving labor market continue reading : MANAGING COVID-19 RISKS NEEDED TO IMPROVE LABOR MARKET CONDITIONS – NEDA
AS-DELIVERED OPENING REMARKS BY ACTING SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK CHUA – SENATE COMMITTEE OF THE WHOLE HEARING ON PORK IMPORTATION
As-delivered Opening Remarks Acting Socioeconomic Planning Secretary Karl Kendrick Chua Senate Committee of the Whole Hearing on Pork Importation April 15, 2021 (10:00 AM) Mr. [Senate] President, senators, colleagues in government, stakeholders, good morning. Thank you for inviting NEDA to this hearing to present our position on this urgent measure that will help ensure that continue reading : AS-DELIVERED OPENING REMARKS BY ACTING SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK CHUA – SENATE COMMITTEE OF THE WHOLE HEARING ON PORK IMPORTATION
GOV’T INTENSIFIES EFFORTS TO ADDRESS INFLATION – NEDA
March 5, 2021 While the inflation rate increased from 4.2 percent in January to 4.7 percent in February 2021, the inflation target remains at 2 to 4 percent as the government intensifies efforts to address higher food prices, said the National Economic and Development Authority (NEDA). The faster inflation in February 2021 was mainly driven continue reading : GOV’T INTENSIFIES EFFORTS TO ADDRESS INFLATION – NEDA
NEDA URGES TO STRENGTHEN PH POST-DISASTER RECOVERY PLANNING
March 4, 2021 MANILA – Empowering local government units (LGUs) to develop and implement post disaster rehabilitation and recovery plans and programs is crucial as they are in the forefront of recovery initiatives, said the National Economic and Development Authority (NEDA). “The year 2020 started with the eruption of Taal volcano, and ended with consecutive continue reading : NEDA URGES TO STRENGTHEN PH POST-DISASTER RECOVERY PLANNING
ENABLING ECONOMIC ENVIRONMENT, MEDICAL AND FISCAL RESILIENCY TOPS LEDAC COMMON LEGISLATIVE AGENDA
March 2, 2021 The approval of the Common Legislative Agenda (CLA) for the 18th Congress by the Legislative-Executive Development Advisory Council (LEDAC) Executive Committee (ExCom) is a welcome development for the country’s efforts to bounce back from the COVID-19 pandemic, said the National Economic and Development Authority, which sits as the LEDAC secretariat. “The LEDAC-ExCom continue reading : ENABLING ECONOMIC ENVIRONMENT, MEDICAL AND FISCAL RESILIENCY TOPS LEDAC COMMON LEGISLATIVE AGENDA
Opening Message of Acting Secretary Chua during the Launch of 2020 Human Development Report
Opening Message Acting Secretary Karl Kendrick T. Chua Launch of 2020 Human Development Report January 22, 2021 Preliminaries UNDP Resident Representative Dr. Selva Ramachandran, our partners from UNDP, colleagues in NEDA and the government, other development partners, and stakeholders, a pleasant morning! The 2020 HDR (Next Frontier: Human Development and the Anthropocene) We congratulate UNDP continue reading : Opening Message of Acting Secretary Chua during the Launch of 2020 Human Development Report
LOSSES AND SETBACKS IN 2020 OFFER LESSONS TO RECOVER TOGETHER IN 2021 – NEDA
December 30, 2020 Reverting back to Modified Enhanced Community Quarantine (MECQ) could cost NCR and its adjacent regions some 2.1 billion pesos in wages a day. Meanwhile, every day of General Community Quarantine (GCQ) costs these regions around 700 million pesos in wages. These losses and setbacks point to the need to work together to continue reading : LOSSES AND SETBACKS IN 2020 OFFER LESSONS TO RECOVER TOGETHER IN 2021 – NEDA
