Significant declines in spending for imported raw materials and intermediate goods and mineral fuels and lubricants resulted in a 1.3 percent decline in merchandise imports in August 2014, offsetting the year-on-year gains in consumer and capital goods, according to the National Economic and Development Authority (NEDA).
As you are aware, the COFILCO is the Government Procurement Policy Board (GPPB)-accredited umbrella organization of Filipino consultants. In various ways, we have been partners in nation-building, and through this summit, we, in government, look forward to stronger partnerships as we embark on a journey to a better future for our country.
Greater support and opportunities for small farmers in the Philippines and Asia are needed to enable agriculture workers to take part in the growth process, according to the National Economic and Development Authority (NEDA).
The National Economic and Development Authority Board approved 12 new infrastructure projects in a meeting chaired by President Benigno S. Aquino III on October 17.
Success in reducing inequality and poverty in the Philippines and other East Asian countries hinges on providing the poor and the vulnerable with equal access to economic opportunities and basic services such as health and education, according to the National Economic and Development Authority (NEDA).
The Philippines maintains its position as one of the top performers in East and Southeast Asia.
Sec. Balisacan: The Philippine economy has been performing quite well recently, both relative to our economic targets and historical performance. In 1991-2001 for instance, the economy grew an average of 2.9 percent which increased to 4.8 percent during the 2001-2010 period. Presently, under the Aquino administration, we witnessed an even higher average growth rate at 6.3 percent, indicating that we are heading towards a higher and more sustainable growth path. In fact, despite the series of natural disasters that hit in the latter part of 2013, the Philippine economy expanded by 7.2 percent, even faster than the 6.8 percent growth that was achieved in 2012.
Slower increases in the prices of food, electricity, and petroleum eased inflation to 4.4 percent in September 2014, according to the National Economic and Development Authority (NEDA).
The Revalidated Public Investment Program (PIP) can now be accessed online through the National Economic and Development Authority’s (NEDA) website.