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Think tank: growth in 2024 likely below 6-7%

THE country’s economic growth will likely disappoint given the El Niño phenomenon and rising inflation, according to analysts of the US-based Global Source Partners think tank. In an economic brief, Global Source Partners analysts Diwa Guinigundo and Wilhelmina Manalac said the country’s growth may be lower than the 6 to…

Philippine , Benguet , Philippines , Arseniom-balisacan , Bangko-sentral , Nonie-reyes , Diwa-guinigundo , Wilhelmina-manalac , World-bank , International-monetary-fund , Asian-development-bank , National-economic

Government keeping growth goals despite risks

HIGHER-FOR-LONGER interest rates and current geopolitical risks that threaten to cause a spike in oil and food prices are not enough reasons for the national government to give up on its growth targets this year, according to the country’s chief economist. Socioeconomic Planning Secretary Arsenio M. Balisacan noted the optimism…

Philippine , Benguet , Philippines , Bangko-sentral , Arseniom-balisacan , World-bank , National-economic , Development-authority-neda , International-monetary-fund , Bloomberg , Asian-development-bank , Planning-secretary-arsenio

Extending RCEF: A key to boosting Philippine rice production

Among all the crops grown in the Philippines, rice is heavily favored in terms of the support it receives from the government. The increase in spending in agriculture in recent years has largely benefited the rice sector. Billions of pesos have been poured into activities that sought to increase rice…

Philippine , Benguet , Philippines , Filipinos , National-economic , Philippine-statistics-authority , Rice-competitiveness-enhancement-fund , Department-of-agriculture , Development-authority-neda , Republic-act , Rice-tariffication-law

Extending RCEF, using it for non-rice sectors, possible

THE National Economic and Development Authority (Neda) is open to extending the Rice Competitiveness Enhancement Fund (RCEF) and using it for other sectors apart from rice. According to Socioeconomic Planning Secretary Arsenio M. Balisacan, using the RCEF for other sectors may lead to higher productivity in other agriculture sectors and…

Mark-rosegrant , Arseniom-balisacan , Rosemarieg-edillon , Cynthiaa-villar , Rice-competitiveness-enhancement-fund , International-food-policy-research-institute-ifpri , Research-fellow , Development-authority-neda , Food-security-forum , Asian-development-bank , National-economic , Development-authority

Neda bares new list of inflation busters | Cai U. Ordinario

THE government is preparing new measures to combat the steep rise in commodity prices, according to the National Economic and Development Authority (Neda). The President has issued Administrative Order (AO) No. 20, which instructed the Department of Agriculture (DA) to take the lead in streamlining administrative proceduresand policies on the…

Philippines , Visayas , Philippines-general- , Uruguay , Filipino , V-brucej-tolentino , Rosemarieg-edillon , Development-authority-neda , National-economic , Management-council , National-disaster-risk-reduction

Government to double grants given for innovation

THE National Innovation Council (NIC) aims to double the grants extended by the Innovation Fund next year, according to the National Economic and Development Authority (Neda). On the sidelines of the Filipinnovation forum last Monday, Neda Undersecretary for Planning and Policy Rosemarie G. Edillon told reporters that this means the…

South-korea , Philippine , Benguet , Philippines , Filipino , Rosemarieg-edillon , Arseniom-balisacan , Philippine-development-plan , Public-private-partnership , Medium-enterprises-msmes , National-innovation-agenda

500 MPUV drivers 'fear income loss' after CBRT package 1's completion

AT LEAST 500 drivers of modern public utility vehicles (MPUVs) might be displaced if the operation of Cebu Bus Rapid Transit’s (CBRT) first package pushes through in July this year.

Lahug , Cebu-city , Philippines , Banawa , North-cotabato , Kalunasan , Mabolo , Talisay-city , City-of-talisay , Jaime-bautista , Rey-gealon , Barangay-talamban

'₱100-wage hike should have been approved yesterday'

'₱100-wage hike should have been approved yesterday'
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ADB to help digitalization, human ware, disaster prep | Reine Juvierre S. Alberto

THE Asian Development Bank (ADB) has committed to supporting the Philippines in enhancing digitalization, human capital and infrastructure, and disaster preparedness through a new Country Partnership Strategy (CPS) for the Philippines. In a statement on Sunday, the Department of Finance (DOF) said Finance Secretary Ralph G. Recto secured commitments from…

Philippines , Manila , Filipino , Scott-morris , Tom-clark , Amenahf-pangandaman , Masatsugu-asakawa , Haruto-takimura , Arseniom-balisacan , Marcos-jr , Damage-fund , Department-of-finance

Rama to allow redesign of Capitol bus station

IN A seeming softening of his stance toward Gov. Gwendolyn Garcia, Cebu City Mayor Michael Rama has voiced plans to redesign the controversial bus station fronting the Provincial Capitol building that is part of the Cebu Bus Rapid Transit (CBRT) project, to preserve its heritage value.

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