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Posts tagged with "National Economic and Development Authority"

PH to see deeper 5.5% contraction in 2020

PH to see deeper 5.5% contraction in 2020

Aug. 11 | Image by ddzphoto from Pixabay The Philippines is set for more challenging times ahead as the Development Budget Coordination Committee (DBCC) now foresees a steeper 5.5% contraction of the economy in 2020. DBCC adjusted its projection from the 2% to...

Slower decline in June trade sign of eco activity resumption

Slower decline in June trade sign of eco activity resumption

Aug. 6 | Image by GREGOR from Pixabay The Philippines’ total merchandise trade in June 2020 declined 19.9% against the same period last year, but improved on the previous month’s 35.3% contraction, signaling the resumption of economic activities. Trade in...

PH manufacturing in May sees double-digit dip

PH manufacturing in May sees double-digit dip

Jul. 7 | Image by skeeze from Pixabay The Philippine manufacturing sector recorded double-digit declines in both volume and value in May 2020, although signs of a resurgence are starting to show, according to the National Economic and Development Authority (NEDA). In...

NEDA chief stresses import of cold chain logistics

NEDA chief stresses import of cold chain logistics

Jun. 18 | Acting NEDA secretary Karl Kendrick Chua | Photo from Chua’s official Facebook page The need for cold chain logistics was emphasized by Acting Socio-Economic Planning Secretary Karl Kendrick Chua to prolong shelf life of agricultural food products...

PH GDP sinks 0.2% in Q1

PH GDP sinks 0.2% in Q1

May. 7 | Screengrab from the May 7 online press conference with Acting Socioeconomic Planning secretary Karl Kendrick Chua The Philippine economy declined 0.2% in the first quarter of 2020, its first contraction in 21 years, as travel restrictions and community...

IATF approves NEDA proposals to address supply chain woes

IATF approves NEDA proposals to address supply chain woes

Apr. 20 | Cabinet secretary and IATF spokesperson Karlo Alexei Nograles The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has approved the National Economic and Development Authority’s (NEDA) proposal to address the country’s...

$97.8M BOC modernization program gets green light

$97.8M BOC modernization program gets green light

Mar. 8 | Screengrab from the World Bank website The Bureau of Customs’ US$97.82-million modernization program has been approved by the National Economic and Development Authority’s (NEDA) Investment Coordination Committee-Cabinet Committee on March 6. The...

PH releases national transport policy IRR

PH releases national transport policy IRR

Jan. 24 | Banner courtesy of the National Economic and Development Authority The National Economic and Development Authority (NEDA) has released implementing rules and regulations (IRR) of the National Transport Policy (NTP), the policy that embodies the government’s...

Jan PH imports up 5.8% but exports down 1.7%

Jan PH imports up 5.8% but exports down 1.7%

Mar. 16 | Image by Michael Gaida from Pixabay The Philippines’ merchandise trade in January 2019 reached US$14.31 billion, a 2.9% increase from the $13.91 billion year-on-year largely due to the growth in imports, data from the Philippine Statistics Authority...

PH 2018 economic growth at 6.2%, short of lowered target

PH 2018 economic growth at 6.2%, short of lowered target

Jan. 26 | The Philippine economy grew 6.2% in 2018, lower than the government’s downgraded target of 6.5% to 6.9% and down from the 6.7% growth in 2017, as manufacturing and agriculture recorded slower growths in the last quarter. The Philippine Statistics Authority...