Philippine exports grew by 6.9 percent in May 2014 and overall outlook for the rest of the year continues to be upbeat, according to the National Economic and Development Authority (NEDA).
Inflation rate slowed to 4.4 percent in June 2014 from 4.5 percent in May, supporting a manageable and within-target outlook for the year, according to the National Economic and Development Authority (NEDA).
The project has two components: a road dike and a land reclamation. The project aims to mitigate flooding in the Laguna Lake coastal towns—particularly in Southern Metro Manila and Laguna, improve the environmental condition of the Lake, and promote economic activities through the efficient transport of goods and people.
The National Economic and Development Authority Board approved three new infrastructure projects amounting to PHP139.77 billion in a meeting chaired by President Benigno S. Aquino III on June 19, 2014.
The Philippine government urged the Group of 77 and China (G77+China) to push for a revitalized global policy framework in disaster preparedness and response, according to the National Economic and Development Authority (NEDA).
Job growth in all major sectors of the economy pushed the total employment to 38.7 million people in April 2014, a 4.5% increase from 37.0 million a year ago, according to the National Economic and Development Authority (NEDA).
Higher export earnings from total agro-based products, petroleum, minerals, and forest products kept exports in positive territory for April 2014, according to the National Economic and Development Authority.
There is a need for a more decisive, innovative, and strategic approach to further open up the Philippine services sector to realize its potential for growth and employment generation, according to the National Economic and Development Authority (NEDA).
RAY is the Government’s strategic plan to guide the recovery and reconstruction of the economy, lives, and livelihoods in the areas affected by Yolanda. It was conceived about a week after typhoon Yolanda struck even as the Government, in close cooperation with development partners, was mounting an unprecedented humanitarian response to deliver relief assistance to more than 4 million people displaced by the typhoon. RAY was born of the recognition that although the immediate humanitarian response may be expected to continue for some time, commencing recovery and reconstruction as soon as possible was of critical importance.
The National Economic and Development Authority (NEDA) expects the country’s headline inflation rate for the full year of 2014 to fall within the government’s target of 3.0 to 5.0% for the year, in the absence of major economic shocks.