MANILA – Improvements were seen in the number of people who were able to recover their jobs or earn a living as more of the economy was gradually reopened late last year and in early 2021, according to the country’s economic managers.
MANILA – The National Economic and Development Authority (NEDA) thanks President Rodrigo Roa Duterte and the Congress for enacting Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, which will provide one of the country’s largest stimulus measures ever for the benefit of micro, small, and medium enterprises (MSMEs) that are reeling from the impact of the COVID-19 pandemic.
JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS: THE FEBRUARY 2021 LABOR FORCE SURVEY RESULTS
The COVID-19 pandemic and the quarantines have claimed many lives and caused great suffering to our people, who have had to endure joblessness, loss of income, hunger, and lack of treatment for their non-COVID illnesses for over a year now.
MANILA – The National Economic and Development Authority (NEDA) assures the public that the Philippine government’s priority is to ensure people’s well-being and safety from COVID-19, while giving them opportunities to earn a living and address their needs.
LOCALIZED QUARANTINE MEASURES, MANAGEMENT OF BOTH COVID-19 AND NON-COVID-19 RISKS TO SAVE MORE LIVES – NEDA
MANILA – The National Economic and Development Authority (NEDA) supports the localized quarantine measures in areas showing high transmission rates as directed by Resolution No. 104 of the Inter-Agency Task Force (IATF) on the Management of Emerging Infectious Diseases.
MORE JOBS RESTORED WITH SAFE REOPENING OF ECONOMY, ADDRESSING REMAINING RESTRICTIONS STILL NEEDED – PH ECONOMIC MANAGERS
The latest labor force survey (LFS) data show that across sectors, the country is gradually getting back the jobs lost due to the pandemic. However, the smaller progress in the past quarter suggests the need to address remaining restrictions before the economy can get closer to normal, according to the country’s economic managers in a joint statement released by the National Economic and Development Authority (NEDA).
JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS ON JANUARY 2021 LABOR FORCE SURVEY RESULTS
We started 2020 with very good prospects. The country was likely to become an upper middle-income country two years ahead of our 2022 target.
Promoting cycling and building protected bike lanes can augment public transportation and help people safely get to work during the COVID-19 pandemic, the National Economic and Development Authority (NEDA) said.
While the inflation rate increased from 4.2 percent in January to 4.7 percent in February 2021, the inflation target remains at 2 to 4 percent as the government intensifies efforts to address higher food prices, said the National Economic and Development Authority (NEDA).
MANILA – Empowering local government units (LGUs) to develop and implement post disaster rehabilitation and recovery plans and programs is crucial as they are in the forefront of recovery initiatives, said the National Economic and Development Authority (NEDA).