Tag: NEDA

ASEAN Financial Integration: Challenges and Prospects

(Eagle News Service) — The ASEAN integration economic blueprint envisions the establishment of a single market and production base, a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy.  Among components identified are improved market access within the region, investment facilitation, establishment of a single aviation market and financial integration.  Financial integration involves the banking sector and the financial markets. In this connection, there is […]

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Unemployment drops to lowest in 10 years — NEDA

(Eagle News Service) – The National Economic and Development Authority (NEDA) reported significant gains in the labor market with the unemployment rate dropping to its lowest in 10 years. This was based on employment figures for October 2014 which also revealed that better quality jobs had been generated. This statement came after the Philippine Statistics Authority (PSA) released the results of the Labor Force Survey (LFS) for October 2014. The survey showed that the number […]

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Malacanang says 2014 GDP growth target still achievable

MANILA, Philippines — Malacanang said it remains optimistic that it could achieve the 6.5 percent gross domestic product (GDP) growth target for the year, despite slower economic growth in the third quarter. In a press briefing in Malacañang, Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said they remain hopeful that the country’s economy would rebound in the fourth quarter. Quoting National Economic and Development Authority (NEDA) Director General Arsenio Balisacan, Coloma said the administration’s […]

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Inflation slows anew to 4.3 percent in Oct 2014; price increase for food slows down

MANILA, Philippines (Eagle News Service) — For second consecutive month, price increases for food slowed down pulling down the inflation rate to 4.3 percent this October, according to the National Economic and Development Authority (NEDA). Food inflation recorded a 7.2 percent year-on-year growth in October 2014 compared to the previous month’s 7.8 percent. “Ample supply of meat, fish, and vegetable items in the market and easing of commodity prices helped reduce price pressures,” said Economic […]

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Philippine economy posts 6.4% growth; PHL becomes 2nd fastest growing economy in Asia

MANILA, Philippines — The Philippine economy grew by 6.4 percent in the second quarter, making the country the second fastest growing economy in the Asian region after China, according to the National Economic Development Authority (Neda)  Thursday (Aug. 28) The second quarter growth was higher than the 5.3 percent growth posted during first quarter of 2014. “I am pleased to report to you that economic growth accelerated to 6.4 percent in the second quarter of 2014.  […]

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