MAKATI CITY, Apr. 14 — To meet investment targets for public infrastructure, the infrastructure committee of the National Economic and Development Authority approved the reinstitution of a three-year rolling infrastructure program in the national budget process starting 2017. The three-year rolling infrastructure program (TRIP) promotes the optimal use of public resources for infrastructure development by assuring fund allocation for well-developed and readily-implementable projects for three years, according to NEDA. The TRIP is a modification of the comprehensive […]
Tag: NEDA
Manufacturing sector marks strong growth in January 2016
MANILA, March 11 — Growth in the manufacturing sector started strong in 2016 as production of chemical products and food manufactures expanded in January, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for January 2016, the Volume of Production Index (VoPI) grew by 34.3 percent, nearly seven times more than its growth rate of 5.0 percent in December 2015. Moreover, the Value of […]
Palace appoints Esguerra as acting NEDA chief and Socio-Economic Planning secretary
(Eagle News) — Malacanang has has announced the appointment of Dr. Emmanuel Esguerra as acting director general of the National Economic Development Authority (NEDA). Communication Secretary Herminio Coloma, Jr., issued the statement announcing the appointment of the acting NEDA chief in view of the resignation of former NEDA head Arsenio Balisacan who has been appointed to chair the Philippine Competition Commission. Coloma said that President Aquino has also appointed Dr. Esguerra as Acting Socio-Economic Secretary. Secretary […]
Phl economy growth of 5.8% in 2015, below earlier growth target
(Eagle News) — The Philippine economy grew 5.8 percent in 2015, which was below the earlier government growth target of 7-8 percent. “The acceleration of growth from the first quarter to fourth quarter has been very encouraging, bringing the average full-year growth to 5.8 percent. Though this is lower than what we targeted for the year, this growth is respectable given the difficult external environment, the onset of El Nino, and the challenges in […]
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 […]
Unemployment rate drops to new record low in 10 Years
The country’s labor market continued to record positive gains in October 2015 as unemployment rate fell to its lowest in a decade and both employment and underemployment figures further improved, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that the country’s unemployment rate dropped further to 5.7 percent in October 2015 from 6.0 percent in the same month last year, making it the new lowest unemployment rate recorded […]
PH, JAPAN ADVANCE COOPERATION EFFORTS TO IMPROVE MM TRANSPORT INFRASTRUCTURE
MANILA – The governments of the Philippines and Japan have advanced their cooperation efforts to improve transport infrastructure in Metro Manila through a roadmap aimed to establish a modern and efficient transportation network taking off from the NEDA Board-approved Roadmap for Transport Infrastructure Development for Metropolitan Manila and its Surrounding Areas. The Cooperation Roadmap for Quality Infrastructure Development in the Transport Sector in Metropolitan Manila Area is intended to steer the development programs and projects, […]
NEDA warns against rice price increase
The National Economic Develpment Authority (NEDA) warned against the increase in the price of rice and other basic products due to the corresponding increase in demand as the holiday season nears. Also affecting the said situation is the low rice production due to the strong El Niño phenomenon affecting the country. (Eagle News Service Jay Paul Carlos, Dexter Magno, MRFaith Bonalos) https://youtu.be/Jc7HHTyyOjk
NEDA to discuss impact of climate change on Philippine agriculture, economic growth
MANILA, Sep. 15 — The National Economic and Development Authority (NEDA) will be holding a policy discussion on the effects of climate change on the country’s agriculture sector and its relative impact on economic growth. NEDA together with the International Food Policy Research Institute (IFPRI) and Research Program on Climate Change, Agriculture and Food Security (CCAFS), will organize the high-level policy form and research symposium, which will be held on September 18-19, 2015 at the EDSA Shangri-La Hotel, Mandaluyong […]
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 […]
NEDA reports lowest inflation levels in 20 years
MANILA, July 7 (Eagle News) —The National Economic and Development Authority (NEDA) reported that the country experienced the lowest level of inflation in June compared to the last two decades due to sufficient supply of food and moderate price pressures in energy and oil rates. According to the Philippine Statistics Authority, headline inflation rate plunged further to 1.2 percent in June 2015 from 1.6 percent in the previous month, and 4.4 percent in June 2014. […]
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 […]
