The National Economic and Development Authority (NEDA) said that the active portfolio of Official Development Assistance (ODA) loans and grants to the Philippines totaled to $32.40 billion in 2022. The portfolio reflected the government’s initiative to sustain a continuous rollout of programs aimed at addressing the socioeconomic scarring brought by the COVID-19 pandemic, while… Read More NEDA says PH ODA reaches $32.40B in 2022
The National Economic and Development Authority (NEDA) encouraged potential investors in Doha, Qatar and Dubai, United Arab Emirates (U.A.E.) to explore investment opportunities in infrastructure projects in the Philippines, especially in Mindanao and the energy sector, which are key focus areas for the Philippine government. “The Marcos Administration is committed to prioritizing infrastructure development in… Read More NEDA urges businessmen in the Middle East to invest in Mindanao infra projects, energy sector
The government’s priority is to create high-quality and high-paying jobs to address the rising issue of vulnerable employment, particularly among self-employed and unpaid family workers, said the National Economic and Development Authority (NEDA). This statement follows the release of the July 2023 Labor Force Survey (LFS), with the unemployment rate in the country further… Read More NEDA: Gov’t intensifies efforts to create high-quality labor for PH labor force
The National Economic and Development Authority (NEDA) said it is supporting the issuance of Executive Order No. 39 on imposing mandated price ceilings on rice to combat hoarding, profiteering, smuggling, and cartelization. “We are facing difficult times, and concerning the agriculture sector, the El Niño Southern Oscillation (ENSO) phenomenon is a major disruptor. The… Read More NEDA supports imposition of mandated price ceilings on rice
With the different industries slowly opening up after being upended by the pandemic, business owners are now re-calibrating for immediate strategies to achieve their long-term organizational goals. SKYBIZ, the business solutions arm of SKY Cable Corporation, rolls out some important tips and solutions that will help employers grow both their business and their employee’s morale… Read More Skybiz equips employers to grow their business
The National Economic and Development Authority (NEDA) remains optimistic that the Philippine economy will meet its growth targets this year despite the effects of various inflationary pressures, the country’s limited fiscal space, and the slowdown of global demand. NEDA Secretary Arsenio M. Balisacan said that domestic consumption and investment on the demand side, as… Read More NEDA: Strong domestic consumption to sustain PH economic growth
The Philippine economy expanded by 7.4 percent in the second quarter of the year, slower than the revised 8.2 percent in the first quarter, according to the Philippine Statistics Authority. Arsenio Balisacan, secretary of the National Economic and Development Authority said the second quarter economic growth was slightly less than the median forecast of 7.5… Read More PH economy expands 7.4% in Q2
The Philippine government is committed to ensuring food security and affordability, and reducing transport and logistics costs to arrest a further rise of inflation and protect the Filipino consumers, the National Economic and Development Authority said. The Philippine Statistics Authority reported today that the country’s inflation rate for July 2022 rose to 6.4 percent,… Read More NEDA: Gov’t to ensure food security, reduce transport costs to combat inflation
The gradual lifting of quarantine restrictions and continuous vaccination rollout will help the Philippine economy recover by 6 to 7 percent in 2021 and return to pre-pandemic levels by 2022, said the National Economic and Development Authority (NEDA). “The main difference between last year’s quarantine and this year is that we did not shut… Read More NEDA: Q2 recovery expected with gradual lifting of restrictions, vaccination rollout
Cebu Pacific said it arried another batch of 500,000 COVID-19 vaccine doses from Beijing to Manila today, May 20, 2021. This shipment was the third to be picked up by CEB, in coordination with the Department of Health (DOH). Aboard CEB’s chartered A330 flight 5J 671, these vaccines were safely flown in temperature-controlled containers, and arrived at the NAIA at 7:35 this morning. “We remain committed to support the government’s ongoing vaccination program,” said Alex Reyes, Chief Strategy Officer… Read More Cebu Pacific transports new batch of COVID-19 vaccines from China
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