Consumer prices rose at a slower pace last month brought about by softer costs of transportation as well as food and beverages, the Philippine Statistics Authority (PSA) announced on Tuesday, Oct. 5. 15INFLATION The country’s headline inflation eased to 4.8 percent in September from 4.9 percent...
Prospects for the country’s growth remains promising as the National Economic and Development Authority (NEDA) highlighted that recovery is now hinging on actions being taken in dealing with the coronavirus. Socioeconomic Planning Secretary Karl Kendrick T. Chua said that accelerating the...
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
The National Economic and Development Authority said the Philippines needs to invest at least a trillion pesos over the next nine years to ensure Filipinos have access to clean and reliable water supply. Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Thursday, Sept. 16, that the...
The Philippines stands to lose around P11 trillion in the next four-decades from the pandemic-induced school closures, the National Economic and Development Authority (NEDA) estimated. (Photo by JORGE GUERRERO : AFP : FILE PHOTO) Socioeconomic Planning Secretary Karl Kendrick T. Chua said Thursday,...
As new coronavirus variants continue to emerge, President Duterte’s economic team believes that the COVID-19 illness may become a persistent infection that Filipinos should learn how to live with. Finance Secretary Carlos G. Dominguez The economic managers, composed of heads of the Department of...
The Philippines has tapped international agricultural think tank Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) and its partners for the international benchmarking of the country's livestock, dairy, and poultry industries. 3 - Other than raising goats and...
Agriculture Secretary William Dar has approved the issuance of a Certificate of Necessity to Import (CNI) of 60,000 metric tons (MT) of fish to augment current local fish production in anticipation of the closed fishing season. MANILA BULLETIN He made the decision as recommended by the Bureau of...
The National Economic and Development Authority (NEDA) said the ability of the Philippines to move up to high-income country status hinges on the long-term development of the agriculture and manufacturing sectors. NEDA Sec. Karl Kendrick Chua In a recent speech at the Department of Trade and...
The Philippine government may import more fish than the average amount in anticipation of this year’s closed fishing season, which could push food prices higher in the coming months. During the Food and Sustainability Forum organized by the Economic Journalist Association of the Philippines...
Socioeconomic Planning Secretary Karl Kendrick T. Chua raised his initial estimated losses from the two-week lockdown from P210 billion to P300 billion after other areas outside the National Capital Region (NCR) were also placed under varying levels of strict quarantine controls. Enhanced Community...
