March 30, 2021 Improvements were seen in the number of people who were able to recover their jobs or earn a living as more of the economy was gradually reopened late last year and in early 2021, according to the country’s economic managers. The Philippine government’s economic managers, consisting of Acting Socioeconomic Planning Secretary Karl continue reading : PH ECONOMIC MANAGERS HIGHLIGHT RECOVERY OF MORE JOBS, SENSITIVITY OF LABOR MARKET TO QUARANTINES
JOINT DBCC STATEMENT Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for FY 2020 to 2022 December 3, 2020 We, the members of the Development Budget Coordination Committee (DBCC), met to review the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets. We have revised macroeconomic assumptions and targets to take into account continue reading : JOINT DBCC STATEMENT: Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for FY 2020 to 2022
MANILA, October 5, 2020— Rapid adoption of digital technologies can help the Philippines overcome the impact of the Covid-19 pandemic, recover from the crisis, and achieve its vision of becoming a middle-class society free of poverty, according to the report released today by the World Bank and the National Economic and Development Authority (NEDA). Titled continue reading : HARNESSING DIGITAL TECHNOLOGIES CAN HELP PHILIPPINES OVERCOME IMPACT OF PANDEMIC, HASTEN RECOVERY
December 13, 2019 MANILA – The National Economic and Development Authority was awarded on Thursday as one of the top requested and performing agencies in the eFOI portal (www.foi.gov.ph) and was recognized for its exceptional contribution to the development and progress of the Freedom of Information (FOI). Pursuant to FOI Memorandum Circular No. 3, s. continue reading : NEDA AWARDED AS FOI CHAMPION
August 14, 2019 MANILA – The National Economic and Development Authority urged government agencies to ensure that policies, regulations, and other interventions promote market efficiency and do not inhibit competition and innovation. “Businesses and consumers benefit from greater efficiency and market competition. Government processes, rules and regulations, as well as issuances, should not be overly continue reading : REGULATIONS MUST PROMOTE EFFICIENCY AND COMPETITIVENESS— NEDA
August 09, 2019 MANILA – Aside from reducing traffic congestion, the completion of projects under the Build, Build, Build program will drastically cut transport cost in Metro Manila from PhP3.5 billion per day in 2017 to PhP2.13 billion per day in 2022, according to the National Economic and Development Authority Board’s Committee on Infrastructure (INFRACOM). continue reading : BUILD, BUILD, BUILD TO CUT TRANSPORT COST TO OVER PHP2-B IN 2022 – INFRACOM
STATEMENT ERNESTO M. PERNIA, PhD Socioeconomic Planning Secretary Press Conference on the Performance of the Philippine Economy in the Second Quarter of 2019 August 08, 2019; 10:00 am Hampton Conference Hall, Second Floor, Astoria Plaza, Pasig City Our Partners from the Philippine Statistics Authority, Colleagues in government, Friends from the media, Ladies and continue reading : Statement on the Performance of the Philippine Economy in the Second Quarter of 2019
July 25, 2019 MANILA— The National Economic and Development Authority (NEDA) is hopeful that the measure institutionalizing and empowering the agency will pass in the 18th Congress and enable the former to fully carry out its mandate and help sustain the country’s progress over the long-term. “We would like to thank Senator Sherwin Gatchalian Albay continue reading : PASSAGE OF NEDA BILL CRUCIAL IN PH DEVELOPMENT – NEDA
July 18, 2019 We, the members of the Development Budget Coordination Committee (DBCC), held our 176th meeting today, to revisit the government’s macroeconomic assumptions, medium-term fiscal program, and growth targets in time for the submission of the 2020 President’s Budget. Macroeconomic Assumptions In view of recent domestic and external developments, we adopted the following macroeconomic continue reading : JOINT STATEMENT ON THE 176TH DBCC MEETING: REVIEW OF THE MACROECONOMIC ASSUMPTIONS AND FISCAL PROGRAM FOR THE 2020 PRESIDENT’S BUDGET
July 15, 2019 MANILA – The National Economic and Development Authority Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) on July 10, 2019, approved changes in two ongoing projects. These include the increase in cost for the Mindanao Railway Project Phase 1-Tagum-Davao-Digos Segment (MRP-TDD), and the implementation extension of the Metro Manila Priority Bridges Seismic Improvement Project. continue reading : ICC-CABCOM OKs COST INCREASES IN MINDANAO RAILWAY AND METRO MANILA BRIDGES
July 11, 2019 MANILA – Despite the Philippines’ recent decline in trade performance, imports and exports of goods are expected to be better in the second half of 2019 due to the country’s economic outlook remaining positive for the year, the National Economic and Development Authority said. The Philippine Statistics Authority (PSA) reported today that continue reading : PH TRADE SEEN TO RECOVER IN SECOND HALF OF 2019 – NEDA
July 5, 2019 Inflation in June 2019 eased to its slowest pace in 22 months, but we still need to caution against upside risks, including weather-related shocks and uncertainties in the global oil market. The Philippine Statistics Authority reported today that the country’s headline inflation declined to 2.7 percent in June 2019 mainly due to continue reading : STATEMENT OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY ON JUNE 2019 INFLATION
July 05, 2019 MANILA – A stronger push for policies and programs that improve food production and public spending and that capacitate MSMEs is needed to strengthen manufacturing growth, the National Economic and Development Authority said. In its Monthly Integrated Survey of Selected Industries (MISSI), the Philippine Statistics Authority (PSA) reported that the performance of continue reading : ROBUST GOV’T POLICIES NEEDED TO BOLSTER MANUFACTURING GROWTH – NEDA
July 04, 2019 MANILA— With rice tariffication in place, bulking up investments in research and development in agriculture and investing in irrigation, among others, can markedly increase rice yields and farm productivity in the long run, the National Economic and Development Authority (NEDA) said. NEDA, in partnership with the International Food Policy Research Institute (IFPRI), continue reading : NEDA STUDIES WAYS TO BOOST FARM PRODUCTIVITY WITH RICE TARIFFICATION
June 27, 2019 MANILA— The National Economic and Development Authority sees the potential of establishing more “creative hubs” as a way to boost creative industries and to support the country’s economic growth. “We need more creative hubs where we can develop pools of creative talents and create opportunities for them. While Filipino creativity seems to continue reading : ‘CREATIVE HUBS’ TO SPUR FILIPINO CREATIVE INDUSTRIES – NEDA
