SolGen asks SC to reverse decision favoring foreign contractors

MANILA, Oct 5 (Mabuhay) — The Office of the Solicitor General is asking the Supreme Court to reverse its decision that allows foreign construction firms to secure regular Philippine licenses. In a 29-page motion for reconsideration, the OSG argued that limitations on...

Philippines won’t hit initial target of reducing poverty incidence to 14% in 2021 — NEDA

MANILA, Sept 10 (Mabuhay) — The Philippines will not meet its initial target of reducing  poverty incidence to 14% by 2021 from 16.7% in 2018 due to the COVID-19 pandemic, National Economic and Development Authority (NEDA) Director-General Karl Kendrick Chua said Thursday....

Duterte’s economic team seeks swift OK of 2021 budget

MANILA, Sept 7 (Mabuhay) — President Rodrigo Duterte’s economic team has sought the swift enactment by Congress of the proposed 2021 national budget as a key component of the government’s comprehensive plan to “rebuild the economy and decisively defeat” coronavirus...

Philippine economy to grow above 7 pct this year — NEDA

MANILA  (Mabuhay) — The Philippines is set to grow above the government target of 6-7 percent this year, the National Economic and Development Authority (NEDA) said today. On the sidelines of the 14th Global Development Network Annual Conference, NEDA Director-General and...

NEDA urges strategies in agri, education sectors to improve PHL employment

Greater diversification of production and processing of by-products in agriculture, and closer coordination between academe and industry should be pursued to generate more decent, productive, and sustainable jobs for Filipinos, according to the National Economic and Development...

Inflation remains stable in May 2013

Headline inflation remained stable at 2.6 percent as most commodity groups recorded slower growth of prices in May 2013, according to the National Economic and Development Authority (NEDA). “The stable general inflation rate in May 2013 relative to the previous month was a result...

Inflation eases to 2.6% in April 2013

Slower price increases of food, electricity, and petroleum brought inflation down to 2.6 percent in April 2013, according to the National Economic and Development Authority (NEDA). “The average inflation rate for the first four months of 2013 settled at the low-end of the...

NEDA: Gains in agro-based products growth seen in PHL exports

The growth of agro-based exports may be sustained with the opening up of new markets for sugar and bananas, according to the National Economic and Development Authority (NEDA). “In addition to South Korea and India, Indonesia and the Middle East, were also identified as potential...

Inflation decelerated in March 2013

Cheaper housing, water, electricity, and power coupled with slower increase in food prices in March 2013 moderated headline inflation to 3.2 percent last month, according to the National Economic and Development Authority (NEDA). “Average inflation rate for the first three months...

Aquino leads launching of Laguna Lake flood control project in Sta. Cruz

STA. CRUZ, Laguna, Apr 5 (Mabuhay) — President Benigno S. Aquino III led Friday the launching of the Laguna Lake flood control and river protection project that will shield communities along the lake from raging flood waters during rainy seasons. Upon arriving at the...
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