Foreign Investments Act must be reviewed and updated – Balisacan
NEDA: Production of the manufacturing sector increased slightly in April 2015 but the outlook remains upbeat with expectations of robust private consumption and public spending.
NEDA: Philippine merchandise exports declined by 4.1 percent in April 2015 following a modest rebound of 2.1 percent in the previous month.
NEDA officials said the passage of the BBL will attract more business investors to the region and boost economic growth in the proposed Bangsamoro region by up to 12.8% annually, thus reducing the rate of poverty.
The reduction in the country’s unemployment and underemployment rates in April 2015 indicates a sustained favorable situation in the job market owing to the continued strength of the economy.
Ample supply of key food items and lower electricity and fuel prices pulled down inflation to its lowest level in 20 years.
As a major component of infrastructure development, the growth of the local iron and steel industry is a crucial support to the country’s attainment of its national development goals and initiatives.
Based on the first quarter 2015 Consumer Expectation Survey, consumer sentiment improved in the quarter due to expectations of stable price of commodities, decline in oil prices, availability of more jobs, higher number of employed family members, and fewer calamities during the period, among others.
Sec. Balisacan: “The low oil-price condition remains favorable to the current balance of trade, particularly for trade-in-goods of the country as global oil prices continue to hover way below US$100 per barrel at US$51.6 for the first quarter of 2015.”
As one of Japan’s major development partners, the Philippines will receive a grant amounting to JPY1.117 billion or almost PhP500 million to facilitate the rehabilitation and construction of farm-to-market roads in Mindanao.