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Neda: Imports still needed, AO 20 vital to food security

IMPORTS remain necessary as local production is still unable to meet demand for key commodities like rice and pork, according to the National Economic and Development Authority (Neda). In a 14-page statement, Socioeconomic Planning Secretary Arsenio M. Balisacan defended Administrative Order No. 20 which aims to ensure the country’s food…

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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…

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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…

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Neda: PHL, investor 'safe haven' | Cai U. Ordinario

THE Philippines is offering a safe haven for investors amid global headwinds as it continues to undertake reforms to make the country an investment destination for foreign businesses, according to the National Economic and Development Authority (Neda). In a statement, Socioeconomic Planning Secretary Arsenio M. Balisacan said amid the global…

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Of PPP codes and elevator rides

Of PPP codes and elevator rides
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[In This Economy] Can the PH become an upper-middle income country within this lifetime?

While I appreciate the more realistic economic targets, we should be pushing for policies and programs that will boost growth as much as possible. In this post-pandemic era, settling for 6-7% growth spells stagnation.

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'Amid lower growth goals, UMIC status still possible'

THE government’s aim of reducing poverty to single digit levels by the time the President steps down from office and becoming an Upper Middle Income Country (UMIC) next year remain achievable despite lower growth targets. In a briefing on Thursday, Socioeconomic Planning Secretary Arsenio M. Balisacan said while the growth…

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'PHL could hit single-digit poverty 2 years ahead of schedule'

'PHL could hit single-digit poverty 2 years ahead of schedule'
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Current account pressures seen to stay BSP's hands

EMERGING risks to inflation and a tentative outlook for export growth may push back any decision of the Monetary Board to cut key interest rates in the country this year, according to ANZ Research. In its latest Asian Economic Outlook, ANZ Research said the gradual retreat in the increase in…

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Oil firms hike prices this Holy Week

LOCAL pump prices will go up this Holy Week, oil companies announced Monday. Effective Tuesday morning, gasoline prices will go up by P2.20 per liter, diesel by P1.40 per liter, and kerosene by P1.30 per liter. Rodela I. Romero, director of the Oil Management Bureau of the Department of Energy…

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