Tag: National Economic and Development Authority

PHL’s total trade grows 10.4% in October

The Philippine Statistics Authority (PSA) reported on Tuesday that the country’s total trade grew by 10.4 percent in October 2017 from 4.6 percent in the previous month after exports recorded its 11th consecutive month of positive growth. The PSA, an attached agency of the National Economic and Development Authority (NEDA), said exports increased by 6.6 percent to US$5.37 billion — while imports posted a double-digit growth of 13.1 percent to US$8.21 billion. Socio-economic planning secretary […]

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PH trade keeps growth steady in October 2016

MANILA, Dec.12 –Total merchandise trade grew by 5 percent in October 2016, supported by growth in both imports and exports, according to the National Economic and Development Authority (NEDA). Based on a report by the Philippine Statistics Authority, total trade grew to US$11.7 billion in October 2016, with imports growing by 5.9 percent and exports, 3.7 percent. “Total trade was boosted by higher exports and imports to and from Asia and other major markets. For […]

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Filipinos wish for a simple life

MANILA, Philippines – In a study conducted by the National Economic and Development Authority, 80% of Filipinos want a simple and comfortable life by 2040. Said simple life includes owning their own homes, having sufficient income, education and going to local trip vacations. Said study was conducted as part of said government agency’s plan to create a high-income-earning Philippines by 2040. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded […]

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Manufacturing sector expected to recover in the months, years ahead

MANILA, Dec. 12 — Due to the adverse effects of El Niño and continued weakening of demand from China, the manufacturing sector slightly declined in October 2015, but is expected to recover in the coming months and years ahead, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for September 2015, the manufacturing sector’s Volume of Production Index decreased by 1.8 percent while its […]

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Palace assures continuity of food security program despite resignation of Secretary Pangilinan

Malacañang on Tuesday assured the continuity of the government’s food security program despite the resignation of Presidential Assistant for Food Security and Agricultural Modernization, Secretary Francis Pangilinan. “Merong Cabinet committee na nagsasagawa ng action planning hinggil diyan. Ito ang Food Security Council, ito ay sa pangunguna ni (Economic Planning) Secretary Arsenio Balisacan,” Communication Secretary Herminio Coloma, Jr. said during a media briefing, when asked how Secretary Pangilinan’s resignation would affect the food security program as […]

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Number of unemployed Filipinos declines in July 2015

MANILA, Sep. 10 — The number of unemployed Filipinos went down in July 2015 as the market continues to reflect the continued strength of the economy, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority (PSA) reported today that unemployment rate further eased to 6.5 percent, lower by 0.2 percentage point (ppt), from last year’s 6.7 percent. “The favorable economic growth of the country certainly drove an encouraging response from the labor […]

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NEDA board approves P131.4 billion worth of projects for transportation, energy

MANILA, Sep. 6 — The government has approved five new projects in the transportation and energy sectors totaling P131.4 billion as it underscores the importance of improving the country’s infrastructure to sustain long-term economic growth. In a statement on Saturday, Communication Secretary Herminio Coloma Jr. said among the National Economic and Development Authority (NEDA) approved projects include the new passenger terminal building at the Clark International Airport, which will be built to meet its expansion requirements. The […]

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PH imports recover, reach highest growth for 2015

MANILA, Aug. 26 — Philippine imports recorded its highest growth for the year at 22.6 percent in June 2015, recovering from three consecutive months of contractions since March, according to the National Economic and Development Authority (NEDA) on Tuesday. The Philippine Statistics Authority (PSA) reported today that the spending for imported goods rose to US$5.9 billion in June 2015 from US$4.8 billion in the same month last year. The recovery was due to significant increases in imports […]

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NEDA underlines key role of local iron, steel industry in national development

MANILA, June 4 —The National Economic and Development Authority (NEDA) stated on Wednesday that the growth of local iron and steel industry as major components of infrastructure developments is a crucial support to the country’s attainment of its national development goals and initiatives, in general. “With an improved and revitalized iron and steel sector, we are confident that we will be at par with neighboring countries and be able to keep up with the rising […]

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DOTC eyeing bus rapid transit to ease traffic in MM

QUEZON CITY, PIA- The Department of Transportation and Communications (DOTC) supposedly continues to finds ways to ease traffic in Metro Manila. One of the solutions being eyed by the DOTC is the completion of Metro Manila’s first bus rapid transit (BRT) system in three years. In a statement, Secretary Joseph Emilio Abaya said the P4.9-billion BRT System for Metro Manila will be presented to President Aquino in the next meeting of the National Economic and […]

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