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Gov’t unveils updated PH development plan

The government has unveiled details of the updated Philippine Development Plan (PDP), which is targeted to provide better quality of life for Filipinos by 2016 through measures that would cut jobless rate, underemployment and poverty.

Posted: February 18th, 2014 in Headlines | Read More »

Neda updates strategies to generate jobs

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Economic Planning Secretary Arsenio Balisacan: There is need to improve the skill sets of the poorest families. INQUIRER FILE PHOTO

Admitting that economic growth alone was not “sufficient” to reduce poverty, Socioeconomic Planning Secretary Arsenio Balisacan laid down, on Monday, the government’s “updated” strategies to ultimately achieve inclusive growth.

Posted: February 17th, 2014 in Latest Business Stories | Read More »

PH seen strong enough to withstand capital flight

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The economy’s strong fundamentals may enable the Philippines to withstand the massive outflow of portfolio capital, and even attract long-term investments, the National Economic and Development Authority said.

Posted: February 15th, 2014 in Headlines | Read More »

PH exports up, reversing 9-month trend

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Arsenio Balisacan of NEDA. INQUIRER FILE PHOTO

Exports grew in October as improving global economic conditions fueled higher demand even for non-essential products such as electronics, which remained the country’s key export product.

Posted: December 10th, 2013 in Latest Business Stories | Read More »

PH economy expands by 7% in 3rd quarter

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FILE PHOTO

The Philippine economy expanded 7 percent in the third quarter from a year ago on the back of rising investments, household consumption and government spending, making it one of the fastest-growing in Asia.

Posted: November 28th, 2013 in Latest Business Stories | Read More »

Philippines says typhoon ‘Yolanda’ to cap economic growth at 7.0%

Economic Planning Secretary Arsenio Balisacan: Inclined to take offer.  INQUIRER FILE PHOTO

The Philippine economy is expected to grow about seven percent in 2013, as expansion in October-December is stunted by this month’s devastating typhoon, the government said Thursday.

Posted: November 28th, 2013 in Latest Business Stories | Read More »

ADB, World Bank offer $1B in loans to PH

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Economic Planning Secretary Arsenio Balisacan: Inclined to take offer.  INQUIRER FILE PHOTO

The government is considering to take the $1 billion in total loans being offered by the Asian Development Bank and the World Bank to finance the massive rehabilitation and reconstruction requirement following the devastation caused by Supertyphoon “Yolanda.”

Posted: November 18th, 2013 in Latest Business Stories | Read More »

PH exports up 4.9% to $5.05B in Sept.

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AFP PHOTO/JAY DIRECTO

The country’s exports in September grew from that of a year ago as global demand for electronics recovered.

Posted: November 13th, 2013 in Editor's Pick,Headlines | Read More »

Merchandise exports surged 20.2% in Aug.

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AFP  FILE PHOTO

The country’s exports grew by a much faster pace in August even though global demand for Philippine electronics remained weak.

Posted: October 11th, 2013 in Editor's Pick,Headlines | Read More »

Manufacturing sector volume rose in August

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The country’s manufacturing sector posted an increase in production in August, supporting projections that the economy is poised to sustain a robust growth rate over the near term, largely on the back of strong domestic demand.

Posted: October 11th, 2013 in Headlines | Read More »

Gov’t pins hopes on revival of manufacturing

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A Philippine-made catamaran sailing yacht made by Ces Craft Philippines. The Aquino administration is confident that a solid foundation is being laid for the Philippines to rebuild its manufacturing industry and retake its position as one of Southeast Asia’s leading exporters.  PHOTO FROM BOATSHOPMANILA.COM

The Aquino administration is confident that a solid foundation is being laid for the Philippines to rebuild its manufacturing industry and retake its position as one of Southeast Asia’s leading exporters.

Posted: July 19th, 2013 in Editor's Pick,Headlines | Read More »

Industry holds key to poverty reduction

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For the government’s chief economist, the key to eradicating poverty lies in industrializing the country.

Posted: July 11th, 2013 in Headlines | Read More »

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