Ernesto Pernia
ARTICLE FINDER

Duterte cuts red tape in importing agricultural products

Sep 25, 2018 - 12:32 PM

President Rodrigo Duterte signs Administrative Order No. 13, removing non-tariff barriers in the importation of agricultural products

IMPORTATION. President Rodrigo Duterte orders the cutting of red tape in importing agricultural products. File photo by AFP

Philippines to become upper-middle income country by 2019 – Pernia

Sep 18, 2018 - 3:55 PM

The Philippines is poised to join the ranks of upper-middle income countries China, Thailand, and Malaysia, says Socioeconomic Planning Secretary Ernesto Pernia

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler


Pernia denies manipulating August 2018 inflation data

Sep 10, 2018 - 8:20 PM

There are rumors that the August 2018 inflation rate was at 6.6% and not 6.4%

Economic managers pressure Piñol to curb soaring inflation

Sep 05, 2018 - 3:30 PM

The rising prices of agricultural goods are seen as the 'main drivers of inflation,' and the Department of Agriculture headed by Secretary Emmanuel Piñol 'must act quickly'

Business groups support economic managers over federalism risks

Aug 13, 2018 - 2:20 PM

The groups 'echo the concerns of fiscal and economic experts about the ambiguous provisions on the division of revenue and expenditure responsibilities' under federalism

Economic managers DBM Sec. Benjamin Diokno (2nd-right), NEDA Sec. Ernesto Pernia (2nd-left), BSP Deputy Governor Diwa Guinigundo (right), DOF Sec. Carlos Dominguez (left) on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by DARREN LANGIT

Recto defends Duterte economic team on federalism

Aug 12, 2018 - 4:08 PM

'Before we communicate what federalism is, can we not first calculate what its cost will be?' says Senate President Pro-Tempore Ralph Recto

Economic managers DBM Sec. Benjamin Diokno (2nd-right), NEDA Sec. Ernesto Pernia (2nd-left), BSP Deputy Governor Diwa Guinigundo (right), DOF Sec. Carlos Dominguez (left) on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by DARREN LANGIT

BSP’s interest hike won't address supply-driven inflation – Pernia

Aug 10, 2018 - 9:58 PM

Socioeconomic Planning Secretary Ernesto Pernia says tightening of monetary policy by the Bangko Sentral ng Pilipinas 'will not directly address the supply side of inflation'

PERNIA. NEDA Sec. Ernesto Pernia on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by Darren Langit

Con-Com member asks Duterte to fire Dominguez, Pernia

Aug 09, 2018 - 4:56 PM

Father Ranhilio Aquino says the recent remarks of the two secretaries may indicate President Rodrigo Duterte himself has grown 'cool to federalism'

All Cabinet members support federalism, insists Malacañang

Aug 09, 2018 - 1:52 PM

It is 'incumbent' upon all Cabinet members to make the shift to federalism happen, says Presidential Spokesman Harry Roque, after two economic managers questioned the Consultative Committee's draft charter

President Rodrigo Roa Duterte shares a light moment with the members of his cabinet before presiding over the 21st Cabinet Meeting at the Malacañan Palace on January 8, 2018. Also in the photo are Executive Secretary Salvador Medialdea and Finance Secretary Carlos Dominguez III. SIMEON CELI JR./PRESIDENTIAL PHOTO

NEDA hits dismal Q2 agriculture output

Aug 09, 2018 - 1:11 PM

Look more closely into rice cartels and smuggling, Socioeconomic Planning Secretary Ernesto Pernia urges the Department of Agriculture

Senators question P90-M budget for federalism info drive

Aug 08, 2018 - 2:12 PM

'Wala pa ngang approved federalism. Ano'ng ikakampanya natin? We don’t even know in what shape, size, color, or form that is,' Senator Francis Escudero tells the country's economic managers

Senate Hearing SEC on February 12. Photo by Angie de Silva/Rappler

NEDA launches good governance website

Aug 01, 2018 - 2:45 PM

The Philippines' rankings in ease of doing business, economic freedom, and global competitiveness are just some of the data accessible on the website

Pernia: 43 of 75 flagship infra projects done in 2 years

Jul 26, 2018 - 1:52 PM

Socioeconomic Secretary Ernesto Pernia says that's a 'good batting average'

INFRASTRUCTURE. This photo taken on April 11, 2018, shows workers on a construction site beside a highway with heavy traffic in Manila. Photo by Noel Celis/AFP

Roque counters Pernia: Federalism won't harm budget, economy

Jul 18, 2018 - 2:25 PM

'Our budget would remain the same,' claims Presidential Spokesperson Harry Roque, in response to Socioeconomic Planning Secretary Ernesto Pernia's assertion that a shift to federalism would 'wreak havoc' on the economy

#ThewRap: Things you need to know, July 18, 2018

Jul 18, 2018 - 12:12 PM

Hello! Here's a roundup of news you need to know this Wednesday.

At least 206 families, 829 individuals evacuees in Barangay Silangan in Quezon City on Wednesday, 18, 2018 who gather at the Barangay covered court for shelter due to continues downpour enhanced by Tropical Depression Henry that left their houses flooded. Photo by DARREN LANGIT

Federalism will ‘wreak havoc’ on Philippine economy – Pernia

Jul 17, 2018 - 3:43 PM

'[The] momentum of infrastructure improvement in the regions is going to be disrupted,' Socioeconomic Planning Secretary Ernesto Pernia says

What Duterte's economic team did not say during the pre-SONA 2018 forum

Jul 06, 2018 - 10:02 PM

The dip in Philippine competitiveness ranking, missing the 2017 labor target, and slow implementation of infrastructure projects are left out during the 'Tatak ng Pagbabago: Tatak ng Pag-unlad' forum

THE ECONOMY'S HEALTH. Public Works and Highways Secretary Mark Villar (left), Finance Secretary Carlos Dominguez III (middle), and Socioeconomic Planning Secretary Ernesto Pernia (right) reported the various efforts of their respective agencies during the pre-state of the nation (SONA) forum. Pernia's photo by Albert Alcain/Presidential Photo, Dominguez' photo by Toto Lozano/Presidential Photo, Villar's photo by Malacañang Photos

Gov't now expects 2018 inflation to reach as high as 4.5%

Jul 02, 2018 - 5:55 PM

The government previously pegged inflation at just within 2% to 4%, but prices keep rising. Meanwhile, the deficit forecast is also raised to 'sustain the momentum of the Build, Build, Build program.'

Philippines 'extra careful' with China loans – NEDA

Jun 27, 2018 - 4:30 PM

Socioeconomic Planning Secretary Ernesto Pernia says he is well-aware of the experiences of countries like Sri Lanka which fell into Beijing's debt-trap diplomacy

What Duterte, economic managers said about the poor

Jun 27, 2018 - 2:30 PM

In his second year in office, President Rodrigo Duterte draws flak for insisting that rehabilitating poor drug addicts is useless. Meanwhile, economic managers downplay inflation.

The many times Duterte and his Cabinet contradicted each other

Jun 20, 2018 - 2:00 PM

Rice supply, salary increases for teachers and soldiers, briefings on Chinese harassment in Ayungin Shoal, ban on Rappler – these are just some of the issues over which the President didn't seem to consult his alter egos before speaking

President Rodrigo Roa Duterte makes a short pause during the 26th Cabinet Meeting to accommodate his daughter Veronica who dropped by at the Malacañan Palace to visit her father on June 11, 2018. RICHARD MADELO/PRESIDENTIAL PHOTO

P42,000-budget for a family of 5 not official NEDA estimate – Pernia

Jun 08, 2018 - 1:43 PM

National Economic and Development Authority Secretary Ernesto Pernia says at least two family members should work to allow the family to live a comfortable life

#ThewRap: Things you need to know, May 22, 2018

May 22, 2018 - 11:51 AM

Hello! Here are the stories you shouldn't miss this Tuesday

Malacañang on Cayetano, COA on PTV, Giuliani on Trump | Evening wRap

May 03, 2018 - 7:41 PM

Watch Rappler's evening newscast with Mara Cepeda

Budget dep't releases P448M for Boracay workers

Apr 27, 2018 - 6:30 PM

Budget chief Benjamin Diokno says the funds for Boracay are charged against the fiscal year 2018 contingent fund in the national budget

Philippines hopes to pass rice tariffication law in 2018

Apr 24, 2018 - 7:00 PM

The rice tariffication bill aims to amend the present agricultural policy, which allows the National Food Authority to monopolize rice importation

RICE TARIFFICATION. Even if 250,000 MT of imported rice is scheduled to arrive in May, the government says this will not be able to meet the country's rice demand in the succeeding months

Philippine economy to lose up to P1.96 billion over Boracay closure

Apr 24, 2018 - 4:10 PM

Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'

ECONOMIC IMPACT. Upon the orders of President Rodrigo Duterte, Boracay Island will be closed to tourists for 6 months starting Thursday, April 26. Photo by Angie De Silva/Rappler

With rising inflation, NEDA calls for measures to help the poor

Mar 06, 2018 - 7:25 PM

Socioeconomic Planning Secretary Ernesto Pernia says the government 'must pay closer attention to the poor,' as inflation hits a new 3-year high

Philippine inflation hits new 3-year high at 4.5% in February

Mar 06, 2018 - 10:17 AM

(3rd UPDATE) Higher prices of food and drinks, among others, drive the cost of living up, with inflation at its fastest rate since August 2014

NEDA seeks to strengthen trade ties with U.S.

Feb 21, 2018 - 9:30 PM

Philippine Socioeconomic Planning Secretary Ernesto Pernia says there is a need to explore more free trade agreements with the United States to foster investment opportunities

Inflation slows to 3.3% in November amid lower food prices

Dec 05, 2017 - 4:25 PM

A slowdown is seen in November after 4 straight months of rising prices

New list of investment areas off-limits to foreigners now on Duterte's desk

Nov 07, 2017 - 8:30 PM

This list – shortened compared to the previous one – is seen to boost foreign direct investments flowing into the Philippines

OPENING UP. The new list is now on President Rodrigo Duterte's desk. Business groups have pointed out that lifting some restrictions on foreign ownership would drive up foreign investment in the country. Presidential photo by Karl Alonzo

Rising food prices push PH inflation higher in September

Oct 05, 2017 - 1:45 PM

(UPDATED) Faster price increases are recorded for corn, fish, and vegetables, among others, based on data from the Philippine Statistics Authority

Pernia wants changes in Senate version of tax reform bill

Oct 02, 2017 - 8:35 PM

There could be fewer infrastructure projects if the Senate version will be adopted, says Socioeconomic Planning Secretary Ernesto Pernia

ALMOST HALF. According to DOF estimates, the Senate's version of tax reform would only yield P59.9 billion in total incremental revenues. This is less than half of the P133.8 billion under the version approved by the House of Representatives in May. Rappler graphics

PH plans to lower required capital for foreign retailers

Oct 02, 2017 - 3:15 PM

From the required minimum paid-up capital of $2.5 million under Philippine law, the government wants to make it $200,000 – a 92% cut

RELAX RESTRICTIONS. The plan to liberalize retail trade would form part of the 'shortened' list of investment areas or activities reserved solely for Filipinos, which is set to be released by the government by end-2017. File photo

PH to add more sectors allowing 100% foreign ownership

Sep 14, 2017 - 10:15 PM

I want to be more aggressive and to be at par with other ASEAN countries says Socioeconomic Planning Secretary Ernesto Pernia

MORE AGGRESSIVE. 'I want a more aggressive liberalization. The draft list is too puny in terms of changes. I want to be more aggressive and to be at par with other ASEAN countries,' Socioeconomic Planning Secretary Ernesto Pernia says. File photo

Ledac agrees to pass federalism, national ID bills by December

Aug 30, 2017 - 7:20 PM

The two bills along with 12 others are classified as urgent by the Ledac Executive Committee

Espenido on Mabilog, Robredo, Kim Jong-Un | Midday wRap

Aug 30, 2017 - 12:45 PM

Watch the midday newscast with Natashya Gutierrez

2nd Ledac meeting to tackle priority bills, new departments

Aug 25, 2017 - 6:08 PM

The President is set to convene the Legislative Development Advisory Council for the 2nd time

FIRST LEDAC. President Rodrigo Roa Duterte presides over the first Legislative-Executive Development Advisory Council (LEDAC) Meeting at the State Dining Room of Malacañan Palace on January 30, 2017. File photo by Rey Baniquet/Presidential Photo

#ThewRap: Things you need to know, August 16, 2017

Aug 16, 2017 - 12:30 PM

Hello Here s a roundup of news you need to know this Wednesday

Drilon hits Pernia for saying criticism vs Duterte a risk to economy

Aug 16, 2017 - 11:00 AM

So we cannot criticize [the administration] because we will be considered as causing disunity to the nation? Senate Minority Leader Franklin Drilon asks Socioeconomic Planning Secretary Ernesto Pernia

NEDA reviews San Miguel's proposed airport in Bulacan

Jul 17, 2017 - 12:35 AM

The NEDA chief however says it is not a priority because they will focus on projects that can be finished within President Rodrigo Duterte s term

BACK BURNER. However, NEDA chief Ernesto Pernia says his office will focus on projects that can be completed in 3-6 years' time. Presidential Photo

PH, Japan sign P117-M scholarship deal for Filipino gov't employees

Jul 10, 2017 - 8:55 PM

20 Filipino government employees will take post graduate courses in Japan s leading universities like Kobe University Meiji University and Nagoya University

NEDA expects Philippine economy to grow faster in Q2

Jun 12, 2017 - 6:55 PM

Socioeconomic Planning Secretary Ernesto Pernia says the Marawi siege and the Resorts World Manila attack will not have lasting impact on tourism and the economy as a whole

HIGHER GROWTH. 'I think it will approach 7%. If you look at leading indicators, the second quarter I think will be better (than the first quarter),' Socioeconomic Planning Secretary Ernesto Pernia says. Malacañang file photo  Malacañang file photo

Kampanya kontra droga hadlang sa makamasang kaunlaran

Mar 31, 2017 - 5:44 PM

Walang saysay ang paglago ng ekonomiya kung hindi makikinabang dito ang mahihirap dahil sila ay walang habas na pinapaslang sa mga kalsada

Why the drug war thwarts our pursuit of inclusive growth

Mar 25, 2017 - 8:30 AM

The drug war not only threatens to slow down growth but also qualifies as one of the most anti poor policies in recent Philippine history

Free tuition in state colleges: What the bill says

Mar 13, 2017 - 9:57 AM

Here s what you need to know about the tuition free policy as proposed in the Senate

Cabinet officials back Duterte's tax reform plan

Mar 06, 2017 - 6:35 PM

Trade Secretary Ramon Lopez says however his department is coordinating with the DOF to fine tune the excise tax brackets being proposed for vehicles

FULL SUPPORT. Several Cabinet officials attend the House ways and means panel hearing on March 6, including DOF Secretary Carlos Dominguez III, NEDA Secretary Ernesto Pernia, DPWH Secretary Mark Villar, and DOTr Secretary Arthur Tugade. Photo by Mara Cepeda/Rappler

Economic managers: Tuition-free policy in SUCs to benefit 'non-poor' students

Feb 09, 2017 - 3:35 PM

Finance Secretary Carlos Dominguez III Budget Secretary Benjamin Diokno and Socioeconomic Planning Secretary Ernesto Pernia are pushing for fully funding the Unified Student Financial Assistance System for Tertiary Education UniFAST instead

'FUND UNIFAST'. Finance Secretary Carlos Dominguez, Budget Secretary Benjamin Diokno, and Socioeconomic Planning Secretary Ernesto Pernia issue a joint position paper on the tuition-free policy. Dominguez file photo from Joel Liporada/Rappler; Diokno and Pernia file photos from Malacañang

Visa applications of Chinese to PH surge by 250%

Jan 26, 2017 - 1:15 PM

The number of Chinese applying for a tourist visa to the Philippines rises to 1 400 daily

IMPROVED RELATIONS. This was an impact of the improved diplomatic relations between the Philippines and China since Duterte’s state visit to Beijing last October, leading to the lifting of the Chinese restriction on travels to the Philippines. Rappler file photo