News

First quarter growth 'likely trimmed' by budget impasse: Pernia

ABS-CBN News
Posted at Mar 26 05:08 PM

One of the country's economic managers said economic growth in the first three months of the year was likely to have slowed because of the delay in passing the 2019 national budget.  Read more »

Palace says no need for Department of Water

Dharel Placido, ABS-CBN News
Updated as of Mar 21 04:50 PM

MANILA - Presidential Spokesperson Salvador Panelo on Monday said there is no need for the creation of a department dedicated to manage the country’s water needs as suggested by Socioeconomic Planning Secretary Ernesto Pernia. Read more »

Gov't 'on track' with National ID rollout, Pernia says

ABS-CBN News
Posted at Mar 15 03:25 PM

More Filipinos can avail of the service under the Philippine Identification System (PhilSys) once the registration system becomes more established next year, Socioeconomic Planning Secretary Ernesto Pernia said Friday. Read more »

Gov't lowers growth target to 6-7 pct amid budget delays

Reuters
Posted at Mar 13 09:00 PM

The Philippines on Wednesday lowered its GDP growth target for this year to 6-7 percent, instead of 7-8 percent, citing the impact of a delay in the approval from the legislature for this year's budget. Read more »

Reenacted budget to slow economic growth: Pernia

ABS-CBN News
Updated as of Mar 13 03:31 PM

From 6.2 percent in 2018, growth could slow to 4.2 to 4.9 percent if a reenacted budget is implemented the entire year, Socioeconomic Planning Secretary Ernesto Pernia said. Read more »

Pernia: Philippines open to Chinese money to finance growth, development

Kyodo News
Posted at Feb 26 10:33 PM

The Philippines is open to Chinese aid and investment to spur its economy despite limited public support for letting Beijing's checkbook diplomacy dictate the future of the Southeast Asian country, a senior Filipino government official says. Read more »

Pernia confident PH will become upper middle income economy in 2019

ABS-CBN News
Posted at Jan 28 11:19 PM

Socioeconomic planning secretary Ernesto Pernia is confident the Philippines will become an upper middle income economy this year, even as the World Bank warned of global headwinds to growth.  Read more »

Paglago ng ekonomiya noong 2018 pinakamabagal sa loob ng 3 taon

ABS-CBN News
Updated as of Jan 25 12:52 AM

Nasa 6.2 porsiyento ang naging antas ng paglago ng ekonomiya noong nakaraang taon - ang pinakamabagal simula noong 2015. Read more »

Pernia sees robust 2019 due to Build, Build, Build, SEA Games

ABS-CBN News
Posted at Dec 14 11:47 AM

The year 2019 "will not be bereft of challenges" but the resiliency of the Philippine economy in 2018 will likely continue, supported by the administration's “Build, Build, Build” program, Pernia told reporters during a media appreciation dinner held late Thursday. Read more »

The President's economic managers attend budget talks

Mike Alquinto, ABS-CBN News
Posted at Dec 10 07:36 PM

President Duterte's economic managers, Budget Secretary Benjamin Diokno (left), National Economic and Development Authority (NEDA) Secretary Ernesto Pernia (middle) and Finance Secretary Carlos Dominguez III, in a light moment as they attend the deliberation of 2019 national budget. Read more »

Trade deficit widens in September as exports decline

ABS-CBN News
Posted at Nov 07 05:01 PM

The country's trade deficit widened in September as exports declined while imports surged, the Philippine Statistics Authority (PSA) said on Wednesday. Read more »

Pernia sees 'some impact' with easing of foreign ownership limits

ABS-CBN News
Posted at Nov 07 12:13 PM

An executive order easing restrictions on foreign participation will have "some impact" but may not be enough to boost the economy, Socioeconomic planning secretary Ernesto Pernia said Wednesday. Read more »

Pernia: 'Least essential' spending may be cut with fuel tax hike suspension

ABS-CBN News
Posted at Oct 25 09:50 AM

The government will follow a "hierarchy of essentiality" when it comes to spending, prioritizing infrastructure and investments in education and health.  Read more »

Gov't suspends 2nd tranche of fuel excise taxes to tame inflation

ABS-CBN News
Updated as of Oct 14 07:19 PM

The government is suspending the implementation of the second tranche of fuel excise taxes, originally scheduled next year, to keep inflation in check, the Department of Finance confirmed Sunday. Read more »

Pernia warns typhoon Ompong may worsen inflation

ABS-CBN News
Posted at Sep 21 11:06 PM

Socioeconomic planning secretary Ernesto Pernia warned the inflationary impact of typhoon Ompong may be felt in October. Read more »

Pernia sticks to full-year economic growth forecast of at least 7-pct

ABS-CBN News
Updated as of Aug 14 02:57 PM

The economic growth forecast set between 7 percent to 8 percent this year will not be revised, Socioeconomic planning secretary Ernesto Pernia said Monday.   Read more »

Pernia urges House: 'Accept' modern cash-based budgeting

ABS-CBN News
Posted at Aug 14 11:21 AM

Socioeconomic planning secretary Ernesto Pernia on Tuesday emphasized the efficiency of using the "more modern" cash-based budgeting amid opposition of some lawmakers in the House of Representatives. Read more »

Dominguez, pabor sa pederalismo pero tutol sa ginawang draft charter

ABS-CBN News
Posted at Aug 11 03:10 AM

Pinahupa ng Malacañang ang umiinit na sagutan ng kaniyang economic managers at miyembro ng Consultative Committee sa isyu ng pederalismo. Read more »

OPINION: What the Filipino people ought to hear from the President

Jose Galang — Your Business
Posted at Jul 23 12:59 AM

The Filipino people deserve more than cuss words and grandiose plans that will entail more taxes. Read more »

Nakabubuhay na sahod, 'di abot' ng mga manggagawa

ABS-CBN News
Posted at Jul 18 09:09 PM

Wala pa sa kalahati umano ng mga manggagawang Pilipino ang nakatatanggap ng nakabubuhay na sahod, ayon sa pag-aaral ng ilang grupo.    Read more »