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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

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

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

Kick start your day, June 8: Efforts to ease doing business in PH not enough yet

Plus, PH inflation hits 12-month high in May.

‘We barely scratched the surface’Trade and Industry (DTI) Secretary Adrian Cristobal Jr said hitting the top third percentile of competitive countries in terms of the ease of doing business is a stretch.But with the new administration coming in, the government should continue ...

by Lynda C. Corpuz  | June 08, 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
News and Events

Kick start your day, April 27: New senatoriables emerge in latest Pulse Asia survey

Plus the PH Chamber of Commerce and Industry to present ‘Giant Steps’ and imports up 1.2% in February.

Out of the 50 running for the Senate, 13 are seemed to be the strongest to be the next legislators of the Philippines, according to the latest Pulse Asia Survey released on Tuesday, April 26.Leading the pack are either incumbent or former ...

by Entrepreneur Staff  | April 27, 2016 08:00:00
News and Events

Kick start your day, March 31: What do Filipinos want by 2040?

Plus, ADB forecasts for PH growth in 2016; a new airline flies to Batanes; Cebu Pacific adds flights; 10 'new wave cities' named for 2016.

PH economy to grow 6% in 2016The Philippine economy will see continuous economic growth in the next two years, a new report from the Asian Development Bank (ADB) revealed.According to the Asian Development Outlook (ADO) 2016, the Philippines will enjoy a 6% ...

by Entrepreneur Staff  | March 31, 2016 08:00:00
News and Events

Kick start your day, March 11: PH exports down, manufacturing up in January

Plus, Ayala Corporation breaches target net income for 2015.

PH exports down by 3.9% in JanuaryThe National Economic and Development Authority (NEDA) reported on March 10 that Philippine exports fell by 3.9% or $4.2 billion in January due to lower earnings from all major commodity groups.Most of the major East and ...

by Entrepreneur Staff  | March 11, 2016 08:00:00