August 7, 2018 ADDRESS SUPPLY CONSTRAINTS TO TEMPER INFLATION –NEDA, DBM, DOF MANILA— The Government’s Economic Team, composed of the Department of Budget and Management (DBM), Department of Finance (DOF), and National Economic and Development Authority (NEDA), said stronger government measures, most especially in improving agriculture productivity and, in the short term, a strategic trade continue reading : DOF-NEDA-DBM Joint Statement on July 2018 Inflation Report
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— Majority of Filipino families will benefit from lower retail prices of rice, which is the likely result once the amendment of the agricultural tariffication law is enacted, the National Economic and Development Authority (NEDA) said. Amending Republic Act (RA) No. 8178, otherwise known as the Agricultural Tariffication Act” of 1996, is continue reading : Majority of households to benefit from removal of QR on rice imports
January 5, 2018 The country ended 2017 with steady inflation performance at 3.2 percent, which is well within government’s target for the year, the National Economic and Development Authority (NEDA) said. Based on a report of the Philippine Statistics Authority (PSA), headline inflation rate for December 2017 remained at 3.3 percent, similar to that of continue reading : FULL YEAR 2017 INFLATION WITHIN TARGET AT 3.2 PERCENT
January 10, 2018 Manufacturing output is expected to recover in 2018 following three consecutive months of decline since September 2017. In the Monthly Integrated Survey of Selected Industries (MISSI) of the Philippines Statistics Authority (PSA), the Volume of Production Index (VoPI) for manufacturing contracted by 8.1 percent in November 2017. The Value of Production Index continue reading : MANUFACTURING DECLINES IN NOVEMBER 2017, EXPECTED TO RECOVER THIS YEAR
January 5, 2018 The country ended 2017 with steady full-year inflation performance at 3.2 percent, which is well within government’s target for the year, the National Economic and Development Authority (NEDA) said. Based on a report of the Philippine Statistics Authority (PSA), headline inflation rate for December 2017 remained at 3.3 percent, similar to that continue reading : FULL YEAR 2017 INFLATION WITHIN TARGET AT 3.2 PERCENT
December 19, 2017 The National Economic and Development Authority (NEDA) welcomes the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) bill, which was signed today by President Rodrigo Duterte. TRAIN is the first package of the government’s proposed Comprehensive Tax Reform Program, or CTRP, which is seen to generate additional revenue to fund the country’s continue reading : PASSAGE OF TRAIN, 2018 GAA TO FURTHER DEVELOPMENT AGENDA – NEDA
December 11, 2017 Socioeconomic Planning Secretary Ernesto M. Pernia welcomes the raising of Philippine credit rating to stable or “good quality” (BBB) from the previous BBB- by Fitch Ratings. “This news is a welcome development especially at a time that we are seeing a sustained improvement in government spending. The upgraded rating reflects the steady continue reading : NEDA welcomes PH credit rating upgrade
