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Gov’t keeping 2014 growth goals as port congestion eases

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The National Economic and Development Authority (Neda) on Tuesday expressed confidence that the growth goal for the year would be achieved in view of the easing of congestion at the ports following the lifting of the truck ban in Manila.

Posted: October 1st, 2014 in Headlines,Latest Business Stories | Read More »

Exports up 12.4% in July, but Neda warns power lack may slow growth

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Socio-economic Planning Secretary Arsenio M. Balisacan. INQUIRER FILE PHOTO

The country’s shipments abroad rose double-digits in July, growing second-fastest in the East and Southeast Asian regions after economic giant China, the Philippine Statistics Authority (PSA) reported Wednesday.

Posted: September 10th, 2014 in Latest Business Stories | Read More »

Gov’t neglect of impact evaluations of dev’t projects led to failures, says Neda

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Socio-economic Planning Secretary Arsenio M. Balisacan. INQUIRER FILE PHOTO

Under-spending in the impact evaluation of development programs has resulted in “very high” fiscal leakages, the National Economic and Development Authority (Neda) admitted on Wednesday.

Posted: September 3rd, 2014 in Latest Business Stories | Read More »

Economy rebounds: 6.4%

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A vendor arranges eggs for sale at a wet market in Manila on Thursday, Aug. 28, 2014. The Philippine economy bounced back to post 6.4 percent growth in April to June, the second-highest in Asia despite "underspending" by the government, authorities said.  AFP PHOTO/NOEL CELIS

Economic growth was faster than expected in the second quarter, driven by the strong manufacturing sector, putting the country back on track to meeting state targets.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Gov’t readies award of 2 big PPP projects

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Light Rail Transit (LRT) Line 1. FILE PHOTO

The government is set to award two massive Public-Private Partnership (PPP) contracts—for a P65-billion railway from Manila to Cavite and a P35.4-billion toll road south of Metro Manila—to help move the administration’s keystone infrastructure projects forward, an official said.

Posted: June 22nd, 2014 in Latest Business Stories | Read More »

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