The Philippines has renewed development cooperation with South Korea, expanding financing assistance for priority sectors in the country, the National Economic and Development Authority (NEDA) said.
We are pleased to report to you that the Philippine economy grew by 7.0 percent this third quarter. This is the fifth consecutive quarter that growth is at least 7.0-percent, buoyed by the expansion in consumer spending, higher business and consumer confidence, favorable interest rates, stable inflation, strong inflows of overseas Filipinos remittances, high inbound tourism, and an optimistic domestic economic outlook.
The National Economic and Development Authority (NEDA) presented yesterday to President Benigno S. Aquino III a set of critical immediate actions to rehabilitate areas affected by Typhoon Yolanda. These will alleviate the adverse effects of the disaster on poor families and prevent them from resorting to desperate measures just to survive, Secretary of Socioeconomic Planning Arsenio Balisacan said.
Increased overseas buying of raw materials and intermediate goods, capital goods and consumer goods supported the 7.2-percent growth of total Philippine merchandise imports in September 2013, according to the National Economic and Development Authority (NEDA).
On November 21, 2013, the NEDA Board approved seven (7) projects: three (3) rail projects, one (1) airport project, one (1) transport terminal, one (1) health facility and one (1) water supply project. Six (6) of these projects will be implemented through public-private partnership (PPP). Of the seven projects, only the LRT Line 1 North Extension Project – Common Station is locally funded.
The following is a list of projects approved by the National Economic and Development Authority board on November 21, 2013.
The National Economic and Development Authority (NEDA) is mobilizing government agencies and multilateral development partners as it drafts a unified plan to rehabilitate areas damaged by Typhoon Yolanda.
Growth in productivity and competitiveness of the agriculture and fisheries sector remains a key goal of the Philippine government for poverty reduction towards inclusive growth, according to the National Economic and Development Authority (NEDA).
The National Economic and Development Authority (NEDA) on October 18, 2013, conducted a consultative meeting with civil society organizations (CSOs) to get inputs and comments on the midterm update of the Philippine Development Plan (PDP).
The National Economic and Development Authority (NEDA) said merchandise exports grew for the third consecutive month this year, outperforming selected countries in Asia in terms of export growth in August 2013.