The National Economic and Development Authority (NEDA) said the government failed to balance its response to the coronavirus disease with the need of equally salvaging the economy from the pandemic-induced crisis. During a Senate hearing on the NEDA’s proposed 2022 budget on Wednesday, Oct. 13,...
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,...
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...
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
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...
The National Economic and Development Authority (NEDA) said the government is ensuring stable and affordable food prices amid the implementation of the enhanced community quarantine (ECQ) in Metro Manila and stricter quarantines throughout the country. Screen Shot 2021-08-06 at 1.42.20 PM In a...
