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NEDA: Payagang buksan ang sektor ng manufacturing

ABS-CBN News
Posted at Apr 07 08:03 PM

May mungkahi ang ilang opisyal ng gobyerno at pribadong sektor para maibsan ang epekto ng COVID-19 sa kanilang mga kabuhayan at pambansang ekonomiya. Read more »

Remittances could decline if COVID-19 disruption persists: Pernia

ABS-CBN News
Updated as of Apr 07 10:40 AM

The coronavirus pandemic could shave 20 to 30 percent off dollar remittances from Filipinos overseas, as the contagion halts businesses worldwide, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday. Read more »

'Transitory' economic downturn may last 2 quarters: Pernia

ABS-CBN News
Updated as of Mar 31 10:48 AM

Socioeconomic Planning Secretary Ernesto Pernia said Tuesday the Philippine economy could register zero or negative growth in the second and third quarters due to the COVID-19 pandemic before it bounces back late this year.  Read more »

NEDA chief Pernia goes on self-quarantine

ABS-CBN News
Posted at Mar 12 04:21 PM

Socioeconomic Planning Secretary Ernesto Pernia has gone on self-quarantine, joining a list of senior officials who have taken this precaution amid the spread of the novel coronavirus (COVID-19).    Read more »

Fitch Solutions lowers Philippines growth forecast due to virus

ABS-CBN News
Posted at Mar 03 03:05 PM

Gross domestic product will likely grow by 6 percent, down from its initial forecast of 6.3 percent, the consultancy firm said. Read more »

Pernia sees economic slowdown in 2020 due to coronavirus outbreak

ABS-CBN News
Posted at Mar 02 11:59 PM

The Philippines' socioeconomic planning secretary sees the country's economic growth slowing this year due to the coronavirus disease. Read more »

NEDA chief says ABS-CBN franchise issue may spook investors

Katrina Domingo, ABS-CBN News
Posted at Feb 19 08:39 PM

Socioeconomic Planning Sec. Ernesto Pernia on Wednesday said the possible shut down of ABS-CBN Corp. may "have some adverse effects on investments."  Read more »

BIR: ABS-CBN walang utang na buwis

ABS-CBN News
Posted at Feb 19 07:06 PM

Walang utang na buwis ang ABS-CBN Corporation, ayon sa Bureau of Internal Revenue.  Read more »

Virus outbreak unlikely to cause recession: economic managers

Vivienne Gulla, ABS-CBN News
Posted at Jan 30 08:11 PM

Philippine economic managers on Thursday said the economy remained robust and the outbreak of the novel coronavirus was unlikely to cause a recession.    Read more »

NEDA board approves MRT-4 project

ABS-CBN News
Posted at Jan 29 06:42 PM

The 15.56 kilometer elevated monorail transit system of the MRT 4 line will run from N. Domingo and Quezon City to Taytay, Rizal, NEDA said.    Read more »

UP eyes renegotiation of Ayala Land deal for Technohub

Christian V. Esguerra, ABS-CBN News
Updated as of Jan 22 06:41 PM

The deal, which turned UP’s 37-hectare property in Quezon City into a bustling commercial and call center hub, is under scrutiny by Malacañang, which also cracked down on water concessionaire Manila Water, an Ayala Corp subsidiary. Read more »

‘Have some conscience,’ Pernia tells Maynilad, Manila Water

Arianne Merez, ABS-CBN News
Posted at Dec 11 02:50 PM

One of President Rodrigo Duterte’s economic managers urged water distributors on Wednesday to “have some conscience” as the government sought to “correct” the “super onerous” water concession contracts. Read more »

Gov't poised to beat poverty reduction target: Pernia

Arianne Merez, ABS-CBN News
Updated as of Dec 11 02:06 PM

The government can lift more people out of poverty by the end of President Rodrigo Duterte's term than previously targeted, one of his economic managers said Wednesday. Read more »

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 »

PH not canceling China-funded projects while gov't reviews infra goals: Pernia

ABS-CBN News
Posted at Oct 24 06:57 PM

The Philippines was not canceling any of the infrastructure projects being funded by China, even as the government shelved several other projects which were initially billed as part of the Duterte administration's flagship Build Build infrastructure program.  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 »