NEDA: Growth spreading beyond NCR

The Bicol Region recorded the fastest growth with 9.4 percent, surpassing its 6.9 percent growth in 2012. The NCR registered only second with 9.1 percent; followed by SOCCSKSARGEN, 8.4 percent; Caraga, 7.8 percent; and the Ilocos Region, 7.7 percent. The economy of Eastern Visayas rebounded from a 6.4 percent contraction in 2012 to a 5.7 percent-growth in 2013.

PH’s 21.3% exports growth in June 2014 tops trade-oriented economies in East, Southeast Asia

“This is the highest level since the economy started posting a continuous positive growth in the same period last year. It is also way faster than the 6.9-percent increase in May 2014 and the 4.1-percent expansion in June 2013,” said Economic Planning Secretary Arsenio M. Balisacan.

Statement: Secretary Balisacan during the 2nd Annual Regional Competitiveness Summit

Secretary Balisacan: “I enjoin everyone to place greater value on developing and institutionalizing a local competitiveness index while keeping in mind that inclusive, broad-based growth requires the participation of and coordination among government agencies at different levels as well as the private sector and development partners. Let us work together to raise our standards for governance that will translate into greater competitiveness.”

NEDA board approves biggest PPP project: Laguna Lakeshore Expressway-Dike

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.