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Ralph G. Recto
Director-General |
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Statement of Socio-Economic Planning Secretary Ralph G. Recto on the Release of the Second Quarter 2008 National Income Accounts
8/28/2008 |
The Philippine's real Gross Domestic Product (GDP) expanded by 4.6 percent in the second quarter of this year. This is 3.7 percentage points lower than the growth posted in the same period of last year. Economic growth in the Philippines as well as those of Asian neighbors was dragged down by high inflation and slower growth among advanced economies, which hurt consumer demand. Except for Indonesia and Thailand, GDP growth slowdown was also exhibited by our neighboring countries. The slowdown is more pronounced for Singapore which only posted 2.1 percent this quarter from 9.1 percent in the same period last year. Hong Kong also posted 4.2 percent growth from 6.2 percent in the same quarter last year. South Korea, Thailand and Indonesia registered 4.8 percent, 5.3 percent and 6.4 percent, respectively.
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"Guidelines and Procedures for Entering into
Joint Venture (JV) Agreement Between
Government and Private Entities Per Section 8 of EO 423".
 PDF File ZIP File
Publication Date: 17 April 2008 - Philippine Star
Effectivity Date: 02 May 2008 |
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NEDA ICC-CabCom Endorses Transmission Projects, Project Cost Increase,
Grant Validity, Amount Extension to NEDA Board 8/19/2008
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The National Economic and Development Authority (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CC) recently approved about PhP4.7 billion worth of two transmission projects, a PhP692.55 million increase in the cost of the Central Mindanao Road project and grant validity by 15 months and additional grant amount of PhP287.25 million for the Basic Education Assistance for Mindanao (BEAM), Stage 2.
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Recto Assumes Post as NEDA DG, Chairs His First MANCOM Meet 7/30/2008 |
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Newly appointed NEDA Director-General and Socioeconomic Planning Secretary Ralph G. Recto received the NEDA flag and symbolic key from then Acting DG Augusto B. Santos during a turn-over ceremony held at the NEDA 6th floor lobby yesterday. DDG Santos welcomed the new DG to NEDA, saying that NEDA has a major role to play as the country faces the global food and energy security problems. DG Recto said he intends to do his best at NEDA, adding he would do all he can to keep the integrity and professionalism in the agency.
A special MANCOM meeting chaired by DG Recto followed with a presentation on the NEDA mandate, structures, and operations as the main agenda. Issues raised in the open forum include the independence of NEDA as an institution, the status of the rationalization, risk management, and COLA.
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STATEMENT OF ACTING SOCIOECONOMIC PLANNING SECRETARY AND NEDA DIRECTOR GENERAL AUGUSTO B. SANTOS ON THE APPOINTMENT OF FORMER SENATOR RALPH RECTO AS NEDA DIRECTOR GENERAL 7/23/2008
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The appointment of former Senator Ralph Recto as Socioeconomic Planning Secretary and NEDA Director General is a presidential prerogative.
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