Tagged: economy

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).

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.

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.