Imports growth in April 2016 shows strong business, consumer confidence

Philippine imports grew by 29.2 percent from a year ago in April 2016, due to double-digit growth in purchases of capital goods, raw materials and intermediate goods, and consumer goods, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that Philippine imports grew to US$6.5 billion in April 2016 continue reading : Imports growth in April 2016 shows strong business, consumer confidence

STRONG DOMESTIC DEMAND BOOSTS IMPORTS IN MARCH 2016

Continued demand for capital and consumer goods drove imports growth of 11.7 percent in March 2016, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported that imports reached US$6.4 billion from US$5.7 billion in the same period. This is on account of higher purchases of capital goods at 24.1 percent continue reading : STRONG DOMESTIC DEMAND BOOSTS IMPORTS IN MARCH 2016

Statement of Socioeconomic Planning Secretary Emmanuel Esguerra on the 2016 Q1 Performance of the Philippine Economy

STATEMENT EMMANUEL F. ESGUERRA Socioeconomic Planning Secretary NEDA Director-General Press Conference on the 2016 Q1 Performance of the Philippine Economy Destiny Function Room, Elements at Eton Centris Building, EDSA, Quezon City 19 May 2016, 10:00 AM Ladies and gentlemen, members of the media, colleagues in government, good morning. The 6.9-percent growth in the first quarter continue reading : Statement of Socioeconomic Planning Secretary Emmanuel Esguerra on the 2016 Q1 Performance of the Philippine Economy

NEDA kicks off preparation for national SDGs consultations

The National Economic and Development Authority (NEDA) has started conducting multi-stakeholder workshops to prepare for the next series of consultations on the national Sustainable Development Goals (SDGs) and the next Philippine Development Plan (PDP). Together with the Philippine Statistics Authority (PSA) and the United Nations Development Programme (UNDP), NEDA conducted its second technical workshop on continue reading : NEDA kicks off preparation for national SDGs consultations

Three-Year Rolling Infrastructure Program to ensure sustainability of well-developed programs, projects

To meet investment targets for public infrastructure, the Infrastructure Committee of the National Economic and Development Authority (NEDA) approved the reinstitution of a three-year rolling infrastructure program in the national budget process starting 2017. The Three-Year Rolling Infrastructure Program or TRIP promotes the optimal use of public resources for infrastructure development by assuring fund allocation continue reading : Three-Year Rolling Infrastructure Program to ensure sustainability of well-developed programs, projects

Manufacturing sector sustains growth in February 2016

The manufacturing sector continues to grow in February 2016 due to increased production of furniture, food products, and rubber, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for February 2016, the Volume of Production Index (VoPI) grew by 8.4 percent, a turnaround from continue reading : Manufacturing sector sustains growth in February 2016

Inflation inches up but remains low and stable in March 2016
Prices of rice, vegetables continue to decline despite El Niño

Inflation inched up to 1.1 percent in March 2016 from 0.9 percent in February due to slight increases in food and oil prices, according to the National Economic and Development Authority (NEDA). Inflation in food items went up slightly to 1.6 percent in March 2016 from 1.5 percent in the previous month. This is due continue reading : Inflation inches up but remains low and stable in March 2016
Prices of rice, vegetables continue to decline despite El Niño

PH exports decline by 3.9 percent in January 2016

Philippine exports fell by 3.9 percent in January 2016, with lower earnings from all major commodity groups, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that merchandise exports fell to US$4.2 billion in January 2016 from US$4.4 billion recorded in the same month last year. “The year 2016 continue reading : PH exports decline by 3.9 percent in January 2016

Manufacturing sector marks strong growth in January 2016

Growth in the manufacturing sector started strong in 2016 as production of chemical products and food manufactures expanded in January, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for January 2016, the Volume of Production Index (VoPI) grew by 34.3 percent, nearly seven continue reading : Manufacturing sector marks strong growth in January 2016

Exports decline despite recovery of petroleum sales in December 2015

Philippine merchandise exports declined by 3.0 percent in December 2015 despite the double-digit increase in petroleum sales, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that total revenue from Philippine exports fell by US$143 million, reaching US$4.7 billion in December 2015 from US$4.8 billion in the same month continue reading : Exports decline despite recovery of petroleum sales in December 2015

Esguerra is Acting Socioeconomic Planning Secretary, NEDA Chief

Malacañang recently signed the appointment of Deputy Director-General Emmanuel F. Esguerra as Acting Socioeconomic Planning Secretary and NEDA Director-General. Esguerra replaces former NEDA chief Dr. Arsenio M. Balisacan who has been appointed by the President to head the newly established Philippine Competition Commission. “We will build on what the agency has accomplished under former Secretary continue reading : Esguerra is Acting Socioeconomic Planning Secretary, NEDA Chief