The National Economic and Development Authority expects that the implementation of the recently approved 11th Regular Foreign Investment Negative List (RFINL) will further grease manufacturing activity in the country over the medium term. The Philippine Statistics Authority reported a Volume of Production Index (VoPI) reading of 4.0 percent and 3.7 percent for Value of Production Index (VaPI) continue reading : RFINL TO DRIVE UP MANUFACTURING SECTOR – NEDA
The National Economic and Development Authority (NEDA) Board Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on Thursday two projects for the rehabilitation and recovery of Marawi City. These include the Rehabilitation and Development Plan (RDP) for a Greater Marawi – Stage 2, as well as the proposed programs and projects under the Bangon Marawi Comprehensive Rehabilitation continue reading : ICC-CABCOM OKAYS TWO PROJECTS FOR MARAWI REHABILITATION AND RECOVERY, FIVE INFRASTRUCTURE PROJECTS
Amid global challenges, government must continue supporting key and emerging export sectors to maintain the country’s trade growth, the National Economic and Development Authority said. The Philippine Statistics Authority reported that the country’s total trade grew for the fifth consecutive month in August 2018 by 7.8 percent, reaching USD15.8 billion. Imports and exports grew by continue reading : EXPORTS SUSTAIN GROWTH FOR THIRD STRAIGHT MONTH BUT SUPPORT FOR EMERGING EXPORT SECTORS NEEDED – NEDA
September 18, 2018 MANILA—The National Economic and Development Authority (NEDA) will lead the planning for the rehabilitation of regions devastated by Typhoon Ompong last week. As Vice-chair for Rehabilitation of the National Disaster Risk Reduction and Management Council, NEDA takes the lead in formulating the Rehabilitation and Recovery Program (RRP) for areas struck by continue reading : NEDA READY TO LEAD CRAFTING OF RECOVERY PLAN FOR OMPONG-HIT AREAS
August 08, 2018 MANILA – Promotion and development of Philippine exports should be more aggressive to help in continuing the country’s strong trade performance as recorded in June 2018, the National Economic and Development Authority said. The Philippine Statistics Authority (PSA) reported that the country’s total trade grew by 13.5 percent, reaching USD14.8 billion in June continue reading : STRONG TRADE GROWTH CONTINUES IN JUNE 2018
August 07, 2018 MANILA – The manufacturing sector is expected to sustain its double-digit growth recorded in the first half of the year, the National Economic and Development Authority said. The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority showed both the Volume of Production Index (VoPI) and Value of Production continue reading : FACTORY OUTPUT REGISTERS DOUBLE-DIGIT GROWTH IN FIRST HALF
June 22, 2018 The United Nations Industrial Development Organization (UNIDO) and high-level Philippine government representatives reaffirmed their commitment to the country’s industrialization goals by announcing the launch of the first UNIDO Country Programme for the Philippines. UNIDO Director General LI Yong’s official visit, which coincides with the 25th anniversary of the Basic Cooperation Agreement (BCA) continue reading : JOINT PRESS RELEASE OF NEDA AND UNIDO: UNIDO AND FILIPINO GOVERNMENT TO WORK TOGETHER FOR THE COUNTRY’S INCLUSIVE AND SUSTAINABLE INDUSTRIAL DEVELOPMENT
June 05, 2018 Factory output grew in April as higher commodity prices, strong consumer demand, and a weaker exchange rate encouraged manufacturers to produce more, the National Economic and Development Authority (NEDA) said. The latest Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority showed a key barometer in measuring the output continue reading : EASE OF DOING BUSINESS SEEN TO DRIVE SUSTAINED CONFIDENCE IN MANUFACTURING
June 05, 2018 Infrastructure build-up from both the public and private sectors has helped boost the number of Filipinos with jobs in April 2018, the National Economic and Development Authority said. The Philippine Statistics Authority’s Labor Force Survey (LFS) for April 2018 showed that employment rate rose to 94.5 percent—or an equivalent of 40.9 million continue reading : INFRA BOOSTS EMPLOYMENT FOR APRIL 2018
May 30, 2018 Recommendations in a World Bank (WB) assessment on poverty in the Philippines complement strategies in the Philippine Development Plan (PDP) 2017-2022, the National Economic and Development Authority said. On Tuesday, WB held a soft launch of Making Growth Work for the Poor, a poverty assessment for the Philippines for the period 2006-2015 continue reading : WORLD BANK REPORT ON POVERTY COMPLEMENTS PH DEV’T STRATEGY
March 2, 2018 Official Development Assistance (ODA) from the Government of Japan will help fund almost half, or 6 of 13, of NEDA Board newly approved infrastructure projects. “Japan is one of our long-time and most trusted development partners. We recognize its commitment to technical excellence in infrastructure,” Socioeconomic Planning Secretary Ernesto M. Pernia said continue reading : JAPAN TO HELP FUND 6 OF 13 NEW INFRA PROJECTS
Keynote Address Socioeconomic Planning Secretary Ernesto M. Pernia 36th Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan New World Makati Hotel, Philippines February 22, 2018 Good morning, everyone. Japan’s Ambassador to the Philippines H.E. Koji Haneda, Philippines’ Ambassador to Japan H.E. Jose C. Laurel V, Chairman Teruo Asada of the Japan-Philippines continue reading : Keynote Address of Secretary Pernia at 36th Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan
MANILA – The National Economic and Development Authority says that the Philippine government aims to implement measures to strengthen trade ties with the United States, considering upbeat trade performance in 2017. In his presentation to the U.S.-Philippines Society Board of Directors’ Meeting on Monday, Socioeconomic Planning Secretary Ernesto M. Pernia highlighted the intention of the continue reading : NEDA: PH TO STRENGHTEN PH-US TRADE
February 9, 2018 MANILA – The government will aggressively implement measures to ensure the recovery of manufacturing this year, the National Economic and Development Authority said, as it notes the four-month decline of manufacturing from September to December 2017. In the Monthly Integrated Survey of Selected Industries (MISSI), the Philippine Statistics Authority reported that the continue reading : GOV’T MEASURES TO SPUR MANUFACTURING RECOVERY IN 2018
February 9, 2018 MANILA – Total merchandise trade for full year 2017 increased by 9.9 percent as imports and exports posted growth rates higher than government estimates. Imports and exports posted 10.2 percent and 9.5 percent growth rates, respectively, exceeding the Development Budget Coordinating Committee’s emerging estimates (as of December 2017) of 9.0 percent continue reading : 2017 PH TRADE GROWTH EXCEEDS GOV’T EXPECTATIONS
