Category: Economy

NEDA WELCOMES THE PASSAGE OF THE CREATE ACT

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.

GOV’T KEEN ON BALANCED, HOLISTIC SOLUTIONS TO THE IMPACT OF COVID-19 – NEDA

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.

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).