The National Economic and Development Authority (NEDA) said the favorable trade performance last November signaled that the country is well-positioned to take advantage of the improvements in external demand. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said that...
The private sector's takeover of water districts often results in job losses to government employees, something that worries the Local Water Utilities Administration (LWUA). LWUA Administrator Jeci Lapus said that because of the joint ventures (JV) between private companies and state-owned water...
The National Competition Policy (NCP), which has been adopted by the National Economic Development Authority (NEDA), is just awaiting approval by Malacanang for its implementation via an administrative order. The Philippine Competition Commission (PCC) reported the pending Malacanang approval of...
The rate in consumer prices accelerated further in December 2020, driven by higher costs of food items, transportation as well as other goods and services, data from the Philippine Statistics Authority showed. (MANILA BULLETIN FILE PHOTO) The country’s headline inflation clocked in at 3.5...
Restrictions on children and family activities are dragging down the recovery of the Philippines’ consumption-driven economy, the National Economic and Development Authority (NEDA) said. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua, said that children and family activity...
The National Economic and Development Authority (NEDA) said the continued general community quarantine (GCQ) in Metro Manila and nearly provinces is costing billions of pesos in foregone wages every month. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua, said that...
The National Economic and Development Authority (NEDA) is encouraging consumers and the working population to respond to a new survey on confidence in the safe and gradual opening of the economy. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said the key to a real...
The country’s trade deficit narrowed in October this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $1.77 billion in...
Post pandemic energy planning Post Covid-19 pandemic and beyond the stretch of the Duterte administration, the power development planning of the Department of Energy (DOE) had cast an average 7.5-percent gross domestic product (GDP) growth as base scenario in the country’s energy needs for the...
Jobless Filipinos were lessened in October as government continued to ease its quarantine controls to reopen the local economy reeling from one of the worst COVID-19 outbreaks in Asia. The Philippine Statistics Authority’s (PSA) latest Labor Force Survey (LFS) showed that unemployment...
Filipino-Chinese businessmen are confident that the Philippine economy can grow 7.5 percent earlier in 2021 instead of 2022. At a recent Zoom forum of its over 170 chapters and various industry associations nationwide with National Economic and Development Authority (NEDA)...
The National Economic and Development Authority (NEDA) lauded the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill in Senate that aims to help the country recover from the global crisis. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua...
