Category: Economy

GOV’T INTENSIFIES EFFORTS TO ADDRESS INFLATION – NEDA

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).

NEDA URGES TO STRENGTHEN PH POST-DISASTER RECOVERY PLANNING

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).

ENABLING ECONOMIC ENVIRONMENT, MEDICAL AND FISCAL RESILIENCY TOPS LEDAC COMMON LEGISLATIVE AGENDA

The approval of the Common Legislative Agenda (CLA) for the 18th Congress by the Legislative-Executive Development Advisory Council (LEDAC) Executive Committee (ExCom) is a welcome development for the country’s efforts to bounce back from the COVID-19 pandemic, said the National Economic and Development Authority, which sits as the LEDAC secretariat.

NEDA LAUNCHES UPDATED PHILIPPINE DEVELOPMENT PLAN 2017-2022

The National Economic and Development Authority (NEDA) launched the Updated Philippine Development Plan (PDP) 2017-2022. This report remains anchored on the government’s zero to ten-point socioeconomic agenda and geared towards the achievement of our long-term vision: Isang matatag, maginhawa, at panatag na buhay para sa lahat. In addition, the Updated PDP responds to the emergence of new threats to the country’s growth prospects and guides the transition towards economic recovery.

KEYNOTE MESSAGE OF ACTING SECRETARY KARL KENDRICK T. CHUA AT THE OECD LOGISTICS STUDY LAUNCH EVENT

His Excellency Daniel Pruce, British Ambassador to the Philippines; Mr. Antonio Gomes, Mr. Frédéric Jenny, and our partners from the OECD; Mr. Aladdin Rillo of the ASEAN Secretariat; Chairman Arsenio M. Balisacan and our colleagues from the Philippine Competition Commission or the PCC; colleagues from the government; I also see Dir. Gen. Belgica of the ARTA, our development partners; distinguished guests; a pleasant day or night to everyone wherever you are.

Q4 GDP CONTRACTION CONTINUES TO EASE, CALIBRATED REOPENING, KEY REFORMS NEEDED TO SUSTAIN RECOVERY MOMENTUM – NEDA

With economic performance continuing to improve from the peak of the quarantines in the second quarter to the last quarter of 2020, the outlook for 2021 is better. However, the recovery hinges on effective management of COVID-19 risks, a calibrated reopening of the economy, roll-out of the vaccine, and the speedy passage of key reforms, the National Economic and Development Authority (NEDA) said.