Arsenio M Balisacan - updates

Rappler's latest stories on Arsenio M Balisacan


Affordable energy crucial to reach 7% PH GDP growth – NEDA chief

Jan 19, 2016 - 7:56 PM

Energy is so crucial to achieve 7 inclusive job creating economic growth in the next 5 years the Philippine socioeconomic planning chief says

BOOST FDI. The Philippines needs to deepen policy and institutional reforms to improve business climate, NEDA's Arsenio Balisacan says. Photo by Chrisee Dela Paz/Rappler

PH exports continue decline in November

Jan 12, 2016 - 4:09 PM

Given the performance of the export sector in the first 11 months of 2015 the full year target is unlikely to have been met NEDA s Arsenio Balisacan says

DECLINE. The Philippines records though the least export decline among the monitored economies in East and Southeast Asia for November 2015.

PH 2015 inflation settles at 1.4%

Jan 05, 2016 - 4:06 PM

While expected it is still below the government s 2015 target of 2 4 but upward price movements push December inflation to 1 5

EXPECTED. Favorable supply-side factors such as relatively lower domestic retail prices of corn, oil, and rice, lower international oil prices, and the contraction in the prices of housing and other utilities contribute to full-year 2015 inflation of 1.4%.

Yolanda rehab: Only 30% complete as 2016 begins

Dec 31, 2015 - 2:24 PM

The Philippines targets to complete most of the ongoing projects by 2016 or 3 years after Yolanda hit the country

MORE TO DO. The Philippine government still has a ton to accomplish, two years after Typhoon Yolanda struck the country in 2013. File photo by Rappler

NEDA chief: PH economy can hit 8% growth in next 6 years

Dec 17, 2015 - 4:08 PM

If it would be business as usual potential growth of the economy cannot be higher than 6 says NEDA chief Arsenio Balisacan

HIGH GROWTH. 'We are confident that we shall see this high growth pattern continue and even improve throughout next year and the succeeding administrations,' Balisacan says. File photo by Rappler.

6.9% Philippine GDP growth in Q4 unlikely – economists

Nov 26, 2015 - 6:27 PM

UPDATED Top economists give their take on the slower than expected Philippine economic growth

PH GDP grows 6% in Q3

Nov 26, 2015 - 11:05 AM

2ND UPDATE The country’s GDP growth in the previous quarter was the third fastest in the region after China’s 6 9 and Vietnam’s 6 8

APEC 2015: A sense of déjà vu

Nov 12, 2015 - 7:00 PM

The current and former NEDA chiefs compare the Philippine economy on the eve of the country s hosting of the APEC summit in 1996 and in 2015 Then and now the global community saw the country as poised to reach great economic heights

PH exports post biggest decline in September

Nov 10, 2015 - 5:22 PM

Nonetheless signs of a possible rebound of the country’s merchandise exports in the fourth quarter are likely owing to better prospects in Japan US and the Eurozone says NEDA chief Arsenio Balisacan

A factory worker makes parts at a joint venture Chinese and Japanese electronics firm manufacturing digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, in Yinchuan, 03 September 2004 in northwest China's Ningxia Hui Autonomous region. Foreign investors are being lured with offers of preferential tax and land use treatment in a bid to encourage more foreign investment into China's impoverished western regions. AFP PHOTO/Frederic J. BROWN

Super Typhoon Yolanda recovery halfway done – NEDA

Nov 05, 2015 - 6:57 PM

Gov’t says Yolanda recovery is entering its medium term phase and full recovery will only come in 2017

HALFWAY DONE. NEDA chief Arsenio M Balisacans says providing the full range of resettlement housing and large infrastructure projects such as municipal buildings in Yolanda-hit areas should be completed by 2017. File photo

Inflation steady at 0.4% in October

Nov 05, 2015 - 4:41 PM

The current low inflation environment is expected to continue throughout 2015 due to ample food supply and low oil prices says NEDA chief Arsenio Balisacan

WITHIN TARGET. “Our current runs show inflation is possibly bottoming out, and it will gradually move to within target range in 2016 and 2017,” BSP Governor Amando M. Tetangco Jr says in a text message.

NEDA chief: Mega Manila flood masterplan subject to 'refinements'

Nov 04, 2015 - 5:35 PM

Notwithstanding the kind of rigor we exercise during program and project deliberations we acknowledge that there is always room for improvement NEDA chief Arsenio Balisacan assures the public and critics of the project

PROBLEM PERSISTS. Public Works and Highways Secretary Rogelio Singson admits in June 2015 that the worsening floods in Metro Manila will not be solved overnight. File photo by George P. Moya/Rappler

PH exports decline anew in August

Oct 09, 2015 - 3:41 PM

This marks the 5th consecutive month of negative export growth in 2015

SHARE. Components / devices (semiconductors) has the biggest share of 33.5% among electronic products and grew by 8.6% to $1.72 billion in August 2015 from $1.58 billion in August 2014. File photo from Agence France-Presse

Inflation continues to drop, hits 0.4% in September

Oct 06, 2015 - 3:11 PM

The low inflation environment in the first 9 months of 2015 is seen to persist throughout the rest of the year the NEDA chief says

DROP. Headline inflation continues to hit below 1% for the third consecutive month, as September 2015 record falls to 0.4%, the National Economic and Development Authority (NEDA) reports Tuesday, October 5, 2015.

PH growth seen to top most Asian countries in 2015

Sep 26, 2015 - 9:42 AM

While the Philippines is unlikely to hit its growth target this year increased government spending especially as the May 2016 elections draw near would help it surpass most Asian countries say FMIC and UA P

ELECTION SPENDING. The Philippine economy will pick up steam mainly due to early spending for the 2016 polls. Photo by Michael Buena/Rappler

PH exports continue to fall in July

Sep 10, 2015 - 3:10 PM

Easing commodity prices worldwide could dampen export revenue prospects in the near-term, the NEDA chief says

SLOWDOWN. Exports of semiconductors are expected to slow down in the fourth quarter of the year owing to weak orders from the EU (European Union), China, and Japan, NEDA says. File photo by Agence France-Presse

Second half will be better – economists

Aug 27, 2015 - 8:25 PM

The Philippine economy will pick up steam due to the expected surge in OFW remittances more infra projects and early spending for the 2016 polls

SUNNIER OUTLOOK. Higher infrastructure spending, election multiplier, and robust OFW remittances will be the main drivers of Philippine economy in the second half of the year, economists say

Philippines' Q2 GDP growth rises to 5.6%

Aug 27, 2015 - 10:30 AM

2ND UPDATE Although below expectations the growth is respectable and still makes the Philippines an attractive market says NEDA chief Arsenio M Balisacan

PH manufacturing drops further in June

Aug 11, 2015 - 8:45 PM

Business expectations across sectors remain optimistic NEDA says

OPTIMISTIC. Despite the continuous decline in the manufacturing sector, business expectations across sectors remain optimistic, NEDA chief Arsenio M. Balisacan says. File photo by Agence France-Presse / Frederic J. Brown

PH exports continue decline in June

Aug 11, 2015 - 4:54 PM

Weak external demand continues to affect the country’s external trade performance

SEMICONDUCTOR. Semiconductors, which has the biggest share in Philippine exports at 33.3% among electronic products, increased by 16.9% to $1.76 billion in June 2015. File photo by Agence France-Presse

July inflation hits 20-year low

Aug 05, 2015 - 12:59 PM

This allows the country s central bank to maintain a monetary policy that sustains rapid economic growth

Jeffrey Sachs: Philippines has much to teach world

Aug 03, 2015 - 8:22 PM

The country should be a world leader in sustainable development says the renowned US economist

NEDA chief: PH property market poised for more robust growth

Jul 28, 2015 - 5:06 PM

Without a doubt this is a great time for the Philippine property market says NEDA chief Arsenio Balisacan

ADB maintains growth forecast for PH

Jul 16, 2015 - 6:07 PM

The Asian Development Bank retains its growth assumptions for the country at 6 4 in 2015 and 6 3 in 2016

Repeal ineffective, counter-productive laws, rules – NEDA

Jun 11, 2015 - 4:53 PM

The National Economic and Development Authority also supports an updated Foreign Investments Act

PH exports fall in April, lowest in 2 years

Jun 10, 2015 - 2:59 PM

Fragile global economic conditions among others pulled down Philippine exports growth in April says the National Economic and Development Authority

PH unemployment rate eases to 6.4% in April

Jun 09, 2015 - 5:05 PM

NEDA reports that 495 000 more Filipinos gained employment during the period reducing the total number of unemployed Filipinos to 2 7 million

epa04187359 Filipino jobseekers fill-up application forms during a job fair inside SMX convention center during Labor Day in Manila, Philippines, 01 May 2014. The Philippines' Department of Labor and Employment co-sponsored job fairs nationwide to mark Labor Day, in efforts to facilitate work opportunities for fresh graduates and other jobseekers. Labour Day, also known as International Workers' Day or May Day, is observed worldwide on 01 May. EPA/RITCHIE B. TONGO

PH GDP growth slows to 3-year low: 5.2% in Q1 2015

May 28, 2015 - 10:09 AM

4th UPDATE The Philippines first quarter gross domestic product growth is below government and market expectations

Imports fall by 6.8% in March

May 26, 2015 - 2:45 PM

Lower oil prices and lesser demand for non oil mineral products drag the merchandise imports performance in March

SEMICONDUCTOR WORKERS. The Philippines aims to go beyond merely assembling semiconductors and other electronic exports and enter the high-value stage of designing and inventing electronics. File photo by AFP

NEDA Board approves LRT2 west extension project

May 19, 2015 - 8:38 PM

The board chaired by President Benigno Aquino III also approves projects on irrigation fire safety and local development

EU business leaders present ‘wish list’ to PH gov’t

May 12, 2015 - 6:41 PM

The European Union releases its first industry driven advocacy paper addressing specific regulatory issues that hamper a more favorable market environment The Philippine government vows to heed the appeal

Manufacturing output rises in March

May 12, 2015 - 3:52 PM

The 15 month high suggests a promising first quarter manufacturing performance the National Economic and Development Authority reports

PH exports rebound in March

May 12, 2015 - 3:03 PM

The 2 1 recovery is the first since November yet still not enough to buoy the first quarter merchandise exports performance

Gov’t reiterates commitment to PH infra dev’t

Apr 25, 2015 - 6:34 PM

NEDA chief Arsenio M Balisacan says the government is committed to increase public infrastructure spending to 5 or P826B by 2016

PH exports drop for 3rd straight month in February

Apr 08, 2015 - 3:24 PM

UPDATED Lower sales in agro based products manufactures and petroleum products have caused the decline of Philippine merchandise exports by 3 1 in February

Lower food prices pull down March inflation

Apr 07, 2015 - 2:02 PM

UPDATED Cheaper prices of food staples resulted in 2 4 headline inflation in March well within the government’s target

PH imports drop 14.2% in January

Mar 25, 2015 - 7:32 PM

The continuous fall of oil prices causes the month on month decline says NEDA

Employed Filipinos up by 1 million in January – NEDA

Mar 12, 2015 - 4:53 PM

UPDATED Except Region 8 which suffered from Super Typhoon Yolanda Haiyan all regions show a decline in unemployment the National Economic and Development Authority reports

PH exports decline anew in January

Mar 10, 2015 - 6:12 PM

Weaker demand in manufactures and lower sales from petroleum pull down total exports growth NEDA says

Moderate inflation in Jan-Feb over port relief, stable peso

Mar 05, 2015 - 4:33 PM

Despite the slight uptick February’s inflation of 2 5 is still within the target for 2015 the country’s economic chief says

PH exports hit 9% growth in 2014

Feb 10, 2015 - 4:21 PM

The strong performance offsets the December exports growth slump of 3 2

Inflation down to 2.4% in January

Feb 05, 2015 - 5:38 PM

UPDATED The inflation figure for the first month of 2015 is aligned with the government target of 3 plus or minus 1 percentage point for the year

Reforms to buoy PH growth in the long term

Jan 30, 2015 - 2:10 PM

While rosy economic prospects loom for the former Sick Man of Asia analysts warn of a turnaround if serious reforms are not put in place

Missed target: PH economic growth shrinks to 6.1% in 2014

Jan 29, 2015 - 10:07 AM

3rd UPDATE While the country s gross domestic product speeds up in Q4 at 6 9 it brings the full year 2014 growth to only 6 1 – short of the government s target of 6 5 7 5

NEDA chief: PH economy to expand faster in Q4

Dec 17, 2014 - 5:43 PM

Citing indicative data the National Economic and Development Authority says that Q4 growth will be better than the previous quarter’s performance