The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
The rate of increase in consumer prices remained flat but above the government’s target for four consecutive months in April as food items, particularly pricey pork products, continued to drive inflation. The Philippine Statistics Authority (PSA) reported on Wednesday, May 5, that headline...
President Duterte has lauded the start of the national identification program despite initial technical difficulties that marred the online registration. President Rodrigo Duterte receives his national ID from National Economic and Development Authority Secretary Karl Kendrick Chua in Malacañang...
The head of the National Economic and Development Authority (NEDA) has apologized over the failed pilot launch of the online registration for the national identification (ID) system. Socioeconomic Planning Secretary Karl Kendrick T. Chua on Monday, May 3, took full responsibility for the...
The government is not yet abandoning its growth target for the year as the National Economic and Development Authority (NEDA) believes there is still time to recover the losses incurred from recent lockdowns. Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Monday, April 26 that any...
The business sector has proposed a ten-point recommendation to the Duterte to push for economic recovery. At the Sulong Pilipinas Pre-SONA forum of the Economic Development and Infrastructure Clusters, Ambassador Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and...
President Duterte has formally appointed Karl Kendrick T. Chua as socioeconomic planning secretary as well as head of the National Economic and Development Authority (NEDA). One-year after serving the positions in an acting capacity, Chua is now officially the government’s chief economist and...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
The government is needing extra months before it can start the vaccination of frontline workers, as the National Economic and Development Authority (NEDA) said that scarcity of the current supply continues to affect inoculation efforts. On Tuesday, April 20, NEDA recommended the inclusion of around...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
Temporary increase in pork imports will not “kill” the hog industry, as the National Economic and Development Authority (NEDA) estimated that it would potentially account for less than a quarter of total consumption. In a statement on Friday, April 16, Acting Socioeconomic Planning Secretary...
