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NEDA board confirms ICC approval of 7 new projects worth P187.34B

ABS-CBN News
Posted at Nov 29 07:19 PM

The newly approved list of projects includes the Davao Public Transport Modernization Project, Unsolicited Proposal for the New Bohol Panglao International Airport, and the Unsolicited Build-Operate-Transfer (BOT) Proposal for the Ninoy Aquino International Airport, NEDA said in a statement.  Read more »

Gov’t revises list of flagship infra projects, drops unfeasible items

ABS-CBN News
Posted at Nov 06 09:03 PM

The number of flagship projects increased to 100, even though a few ones were scrapped because they were "not economically viable." Read more »

Gov’t to revise Build, Build, Build plan to make it more achievable

Reuters
Posted at Oct 25 08:11 PM

The Philippines is carrying out an inventory of infrastructure projects under its ambitious six-year, P9.2 trillion "Build, Build, Build" program to come up with a more realistic list of projects. Read more »

Rice tariffication helps 'pull down' inflation: Pernia

ABS-CBN News
Updated as of Oct 04 09:58 PM

The continued deflation in the prices of rice for the last 5 months proves that the recently implemented rice tariffication law, which replaced import quotas with tax, helped ease inflation, an official said Friday. Read more »

NEDA committee OKs NAIA consortium's unsolicited proposal to rehabilitate Manila airport

ABS-CBN News
Updated as of Sep 27 04:26 PM

The NEDA ICC approved the P102-billion proposal of the NAIA consortium, made up of the country’s top conglomerates, after it was revised and "perfected," Socioeconomic planning secretary Ernesto Pernia told ANC.  Read more »

PH to begin pilot test for National ID system next week

ABS-CBN News
Posted at Aug 28 03:05 PM

The Philippines is on track to roll out the first batch of National IDs.  Read more »

Bangko Sentral probes potential fallout from POGO halt

ABS-CBN News
Posted at Aug 27 02:05 PM

The study by the BSP's Financial Stability team and the Anti-Money Laundering Council will focus on the impact of POGOs or Philippine Offshore Gaming Operations on property and consumer businesses, Diokno said. Read more »

'Pro-growth' Diokno will 'do the right thing' on policy, Pernia says

ABS-CBN News
Posted at Aug 08 11:32 AM

Economists expect the BSP to resume its rate-cutting cycle later Thursday with a 25-basis point reduction in the benchmark borrowing rate. The country's GDP grew 5.5 percent in the second quarter, falling below the 5.9-percent media forecast of economists. Read more »

Aprub o veto? Kapalaran ng security of tenure bill inaantabayanan

ABS-CBN News
Posted at Jul 25 06:45 PM

Pigil-hininga ang mga grupo sa kahihinatnan ng security of tenure bill, 2 araw bago ito awtomatikong maging batas.  Read more »

NEDA calls for passage of bill strengthening agency

ABS-CBN News
Posted at Jul 25 05:27 PM

The agency said the NEDA Charter Bill will allow it "to fully carry out its mandate and help sustain the country’s progress over the long-term." Read more »

Easing restrictions on foreign investment still a priority: Pernia

ABS-CBN News
Posted at Jul 24 12:03 AM

The Philippine business community expresses dismay over President Rodrigo Duterte's failure to mention measures to improve foreign investment in his fourth State of the Nation Address. Read more »

Mindanao Railway price tag balloons due to project revisions

ABS-CBN News
Posted at Jul 15 04:28 PM

The Mindanao Railway Project Phase 1-Tagum-Davao-Digos Segment will now cost P82.9 billion, or more than double its previous price tag of P35.9 billion in 2017.  Read more »

Philippine economy has 'safety valve' vs US-China trade war effects: Pernia

ABS-CBN News
Updated as of Jun 28 12:13 PM

Philippine exports benefit from the trade row, as the country supplies goods to both China and the US, socioeconomic planning secretary Ernesto Pernia told ANC. Read more »

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 »