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News and Events

(Look) Amid Rising Inflation, Guess Which Expense Item Costs Less This Year?

Officials initially thought the commodity's price index also went up; turned out it was down

It’s not all bad news when it comes to the country’s latest consumer price inflation, which surged to a near-decade high of 6.4 percent in August.Though most of the commodity groups that made up the consumer price index (CPI) went up, led ...

by Pauline Macaraeg  | September 11, 2018 01:00:00
News and Events

Under TRAIN Law, Consumer Spending Was Supposed to Grow Faster. Here's What Really Happened

The faster pace of price increases is upending the government's neat plan

When the Tax Reform for Acceleration and Inclusion (TRAIN) law took effect in January 2018, President Rodrigo Duterte’s economic managers expected consumer spending growth to pick up as employees were expected to receive higher take-home pay. Under the law, taxpayers earning a taxable ...

by Elyssa Christine Lopez  | August 15, 2018 09:00:00
News and Events

You’ve Seen GDP Figures in Graphs”"Now Listen To Them in a Song

In a creative move, the Philippines’ planning agency turns GDP data into melody

Most of the time, songs are created out of the composer’s thoughts, imagination or emotions. But the National Economic and Development Authority (NEDA) showed a song can also be inspired by economic data.Composers Allan Feliciano and Top Suzara (also the former vocalist ...

by Pauline Macaraeg  | September 26, 2017 01:00:00
News and Events

NEDA Board Approves Php355.6-B Metro Manila Subway Project of DOTr

Decision paves the way for underground train system from Quezon City to Parañaque City

The National Economic and Development Authority (NEDA) Board approved on September 12 the Metro Manila Subway Project (MMSP), one of the big ticket infrastructure projects of the Duterte Administration.Costing Php355.6 billion, the project will be implemented by the Department of Transportation (DOTr) ...

by Entrepreneur Staff  | September 13, 2017 10:00:00
News and Events

Duterte Ramps Up Infra Project Approvals a Year After 1st SONA

NEDA has already cleared 20 major projects worth Php748 billion since July 2016

One of President Rodrigo Duterte’s most applauded promises in his first state of the nation address last year was to hasten infrastructure spending to ease the burden on the commuting public.“We will accelerate infrastructure spending by improving national roads and bridges and ...

by Pauline Macaraeg  | July 24, 2017 09:00:00
News and Events

PH Banks on Infra Projects, Exports to Boost GDP Growth Later This Year

Despite slowdown, government planners still see the economy expanding by 6.5-7.5% this year

The Philippines’ socioeconomic planning secretary, Ernesto Pernia, remains optimistic that the economy can grow by 6.5-7.5 percent this year despite the slowdown in the first three months of 2017.The country's gross domestic product (GDP) growth slowed to 6.4 percent in the first ...

by Elyssa Christine Lopez  | May 18, 2017 04:00:00
News and Events

From Sunny Side Up to Scrambled Eggs: How Food Businesses are Coping with Higher Inflation

Margins in the food service sector are being eroded by faster consumer price increases

Albert Valencia championed the value of Php20, practically spare change these days, when he opened Bogart’s Bentelog in Laguna province five years ago. As the name of his stall suggests, with Php20, one can enjoy a full meal consisting of rice, hotdog ...

by Elyssa Christine Lopez  | April 10, 2017 11:00:00
News and Events

It’s a go: Regular tricycles nationwide to be replaced with e-trikes

At least 6,000 units to be released before year’s end

Despite having been under scrutiny of the National Economic and Development Authority (NEDA), the Department of Energy said the US$500-million electric-tricycle project will still push through, a high-level official of the agency said in an official statement.The “Market Transformation through Introduction of ...

by Entrepreneur Staff  | August 10, 2016 06:00:00
News and Events

Kick start your day, June 21: Duterte admin vows sharp drop in poverty rate by 2022

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported.

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported on Monday, June 20.“It’s not ambitious; we’re just achieving what the other guys did not,” incoming Finance Secretary Carlos ...

by Entrepreneur Staff  | June 21, 2016 08:00:00
News and Events

Kick start your day, June 16: Duterte’s team to bare 10-point socioeconomic agenda to bizmen

The socioeconomic agenda is anchored on NEDA's AmBisyonNation 2040 vision.

As his inauguration nears, President-elect Rodrigo Duterte ramps up his 10-point socioeconomic agenda for the next six years with a meeting with more than 300 businessmen, Philippine Daily Inquirer reported on Wednesday, June 15.Incoming Finance Secretary Carlos G. Dominguez said in a statement ...

by Entrepreneur Staff  | June 16, 2016 08:00:00
News and Events

Kick start your day, June 10: Youth unemployment alarming, NEDA warns

Plus, Globe inks deal to provide WiFi in all MRT stations.

Upbeat but …The labor market was upbeat in April due to the high proportion of working persons to the total labor force, the National Economic and Development Authority (NEDA) reported on Thursday, June 9.The number of employed Filipinos registered at 39.9 million, ...

by Entrepreneur Staff  | June 10, 2016 09:00:00
News and Events

PH exceeds expectations, posts 6.9% GDP growth in Q1

Relative to other Asian economies, the Philippines is now the fastest growing economy, followed by China and Vietnam.

MANILA, Philippines – Exceeding expectations, the Philippines posted its highest gross domestic product (GDP) growth since the last quarter of 2014, as it welcomed the year with a 6.9% growth.This makes the country the fastest growing economy among its selected ASEAN (Association ...

by Elyssa Christine Lopez  | May 19, 2016 02:00:00
News and Events

Kick start your day, May 6: Mar Roxas apologizes for administration's shortcomings

Plus, April inflation remains steady at 1.1%.

SteadyThe country's inflation or the rate at which the prices of goods and services rise was unchanged at 1.11% in April from March’s reading, the National Economic and Development Authority (NEDA) reported Thursday, May 5.April inflation held steady as inflation for food ...

by Entrepreneur Staff  | May 06, 2016 08:00:00