National Economic and Development Authority
ARTICLE FINDER

Delayed projects cost government P230 million in penalty fees in 2017

Sep 19, 2018 - 1:50 PM

On top of the millions in penalties, auditors doubt that the 17 projects will be completed within the loan period

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%

Health advocates urge gov't to increase tobacco tax

Sep 07, 2018 - 5:19 PM

'If we do not implement [higher] tax at this time, by the time President Duterte steps down, we will actually have one million new smokers,' says Dr Ulysses Dorotheo of the Southeast Asia Tobacco Control Alliance

TOBACCO CONTROL. Health advocates present ways government can continue to strengthen tobacco control in the Philippines. Photo by Sofia Tomacruz/Rappler

Gov’t to launch national ID by December

Aug 24, 2018 - 4:47 PM

Select residents of the National Capital Region, Calabarzon and Cordillera Administrative Region will be the first to get their hands on the national ID

PILOT. National Statistician Liza Grace Bersales says they plan to launch the national ID system by December. Photo from NEDA


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

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

Cavite-Tagaytay-Batangas Expressway up for NEDA panel approval

Jul 26, 2018 - 4:55 PM

If the proposed CTBEX is approved, the Department of Public Works and Highways says construction might start next year and be completed by 2022

PUBLIC WORKS. DPWH Secretary Mark Villar talks to reporters after the awarding of original proponent status to MPTC South for the Cavite-Tagaytay-Batangas Expressway. Photo by Aika Rey/Rappler

Infrastructure push to generate P31 trillion – NEDA

Jun 27, 2018 - 10:20 PM

The National Economic and Development Authority also says over a million jobs will be generated every year because of the government's 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

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

[OPINION] The real score about NEDA’s P10,000 budget ‘challenge’

Jun 08, 2018 - 11:00 AM

Journalists should be more careful in reporting economic statistics. Government staff must also adopt better PR strategies and avoid overanalyzing stuff: the simpler the analysis, the less prone it is to misinterpretation.

[OPINYON] All you NEDA is love

Jun 08, 2018 - 9:00 AM

Hindi ko masisi ang NEDA people. Paano nga naman nila kikinisin ang magaspang na epekto ng buwis bunsod ng Train Law...ng mataas na inflation rate? Hey, okey lang 'yan. Hindi 'yan masakit. Hindi ka naghihirap.

How much does a family in the PH need to live decently?

Jun 07, 2018 - 8:21 AM

Socioeconomic Undersecretary Rosemarie Edillon says the agency only knows about Filipinos' aspirations – which would cost a family around P120,000 a month

POVERTY. Families live in concrete pipes used as makeshift dwellings along a street in Manila. Photo by Noel Celis/AFP

FACT CHECK: NEDA didn't say family of 5 can live decently on P10,000 a month

Jun 06, 2018 - 5:31 PM

The National Economic and Development Authority says what it showed during the press briefing was 'how a hypothetical monthly budget of P10,000 will be affected by a 4.6% inflation rate'

Calida firm bags P150M in deals from gov't, including DOJ

May 27, 2018 - 1:56 PM

The Department of Justice, which supervises budget for the Office of the Solicitor General, awards contracts to a security agency owned by the family of Solicitor General Jose Calida

GOVERNMENT CONTRACTS. Solicitor General Jose Calida's security firm Vigilant wins contracts from government agencies including the Department of Justice.

#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

Philippines misses most of 2017 labor targets

May 21, 2018 - 7:56 PM

While the current unemployment rate has improved compared to previous decades, this is still behind the 5.1-5.4% target set in 2017

PH missed most of 2017 labor targetsQC Job Fair on Labor Day 2018. Photo by Angie de Silva/Rappler

Marawi rehabilitation won't repeat Typhoon Yolanda mistakes – NEDA

May 21, 2018 - 7:21 PM

Socioeconomic Planning Secretary Ernesto Pernia promises the P73 billion for rebuilding Marawi will be used wisely, unlike what has happened with the Yolanda rehabilitation program since 2013

Key sites during the Marawi siege. Photo by Bobby Lagsa/Rappler

Rising gas, food prices seen to push PH inflation faster

May 03, 2018 - 12:24 PM

The movement of prices of basic goods and services is seen to be faster in April

HIGHER PRICES. Higher price increases are noted for rice, corn, fish, fruits, and vegetables in March 2018. File photo by Noel Celis/AFP

#ThewRap: Things you need to know, April 27, 2018

Apr 27, 2018 - 11:31 AM

Here are the stories you shouldn't miss this Friday

INTER-KOREAN SUMMIT. This screengrab from the Korean Broadcasting System (KBS) taken on April 27, 2018 shows North Korea's leader Kim Jong-Un (L) and South Korea's President Moon Jae-in walking together past the Military Demarcation Line that divides their countries at Panmunjeom. AFP PHOTO / KOREAN BROADCASTING SYSTEM (KBS)

Bulacan airport, 7 other projects get NEDA Board approval

Apr 26, 2018 - 5:55 PM

The NEDA Board, led by President Rodrigo Duterte, gives the go signal for the Bulacan International Airport and other projects

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

Philippine inflation continues to rise at 4.3% in March

Apr 05, 2018 - 12:27 PM

(UPDATED) Higher price increases are noted in rice, corn, fish, fruits, and vegetables, according to data from the Philippine Statistics Authority

INFLATION. The Philippines' inflation rate accelerates to 3.5% in October 2017. File photo by Jay Directo/AFP

PH can become upper middle income country by 2019 – NEDA

Apr 03, 2018 - 4:20 PM

'Our target to become an upper middle income country is in 2022. But we think we will get to that stance much earlier,' says National Economic and Development Authority Undersecretary Rosemarie Edillon

NEDA body approves San Miguel's Bulacan airport, 8 other projects

Apr 03, 2018 - 1:19 PM

These 9 infrastructure projects – cumulatively worth around P900 billion – are now tabled for final approval by the NEDA Board, which is headed by President Rodrigo Duterte

6-month Boracay closure to have minimal impact on economy – NEDA

Apr 03, 2018 - 12:24 PM

A National Economic and Development Authority official says the proposed 6-month shutdown of Boracay will 'only have 0.1% impact' on the country's gross domestic product growth

NO SIGNIFICANT IMPACT. National Economic and Development Authority says the planned temporary closure of Boracay will not have a significant impact on the country's economic growth. Photo from Wikimedia

NEDA committee approves Mindanao flood control infra, Metro Manila bridges

Mar 13, 2018 - 6:55 PM

These projects, which will be elevated to the NEDA Board for confirmation, are estimated to cost a total of P66.57 billion

PH economic managers hail ranking by U.S. firm, vow more reforms

Mar 06, 2018 - 10:40 PM

'Our efforts to create a more business- and investor-friendly environment are gaining traction,' says Socioeconomic Planning Secretary Ernesto Pernia, after an American firm ranked the Philippines as the best country to invest in

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

PH foreign trade up 9.9% in 2017

Feb 09, 2018 - 7:03 PM

Total imports and exports exceed government targets for the year, posting 10.2 % and 9.5 % growth rates, respectively, while the trade deficit hit a record $4.02 billion in December 2017

Inflation hits 3-year high of 4% in January

Feb 06, 2018 - 2:50 PM

The government attributes the increase partly to the tax reform law, which took effect in January

NEDA eyes 6 big infra project rollouts, 8% GDP growth in 2018

Dec 14, 2017 - 6:10 PM

These projects include the Metro Manila Subway and Phase 1 of the Mindanao Railway which would encompass the Tagum-Davao-Digos Segment

ECONOMIC PLANNING. NEDA officials led by Socioeconomic planning secretary Ernesto Pernia (5th from right) discuss upcoming infrastructure and other economic issues at NEDA's 2017 year-end briefing held in Pasig on December 14. Photo by Chris Schnabel/Rappler

PH underemployment rate drops to lowest in 10 years

Dec 12, 2017 - 6:05 PM

Underemployment refers to workers wanting to spend more hours at work to earn more

LABOR DAY. Thousands of job seekers troop the Quezon City Hall on Labor Day, May 1, to seek for job opportunities at the DOLE's Job Fair. Photo by Darren Langit/Rappler

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

Malacañang orders easing, lifting of foreign investment restrictions in 8 areas

Nov 23, 2017 - 5:20 PM

NEDA and other agencies are asked to relax or lift restrictions on foreign participation in investment areas like construction of public works, teaching at higher education levels, and domestic enterprises

President Rodrigo Roa Duterte discusses matters with Finance Secretary Carlos Dominguez III during the 19th Cabinet Meeting at the Malacañan Palace on October 4, 2017. SIMEON CELI JR./PRESIDENTIAL PHOTO

Philippines' foreign aid disbursements decline in 2016

Nov 20, 2017 - 8:30 AM

The Department of Transportation, Department of Social Welfare and Development, Land Bank of the Philippines, and National Irrigation Administration are the top 4 agencies that failed to meet disbursement targets for 2016

UNMET TARGETS. The decline in disbursements reflects the planning and implementation capacities of project management offices. Photo by LeAnne Jazul/Rappler

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

Higher fuel, food prices push PH inflation in October to 3-year high

Nov 07, 2017 - 3:26 PM

The Philippine inflation rate of 3.5% in October 2017 is the highest since November 2014, when it registered 3.7%

A costumer buys vegetables at a market in Manila on January 4, 2013. The Philippines' inflation rate fell to a five-year low last year, the government said Friday, helping efforts to hold down interest rates and boost economic growth. Consumer prices expanded by 3.2 percent for the entire 2012, substantially lower than the 4.6 percent recorded in 2011, the National Statistics Office said. AFP PHOTO / JAY DIRECTO / AFP PHOTO / JAY DIRECTO

Duterte shakes up composition of NEDA board

Oct 24, 2017 - 6:34 PM

President Rodrigo Duterte replaces some members of the National Economic and Development Authority board, and reactivates and reorganizes the NEDA board executive committee

NEDA BOARD. President Rodrigo Duterte leads the National Economic and Development Authority (NEDA) Board meeting at Malacañang Palace on February 20, 2017. Malacañang photo

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

Senate OKs bill requiring economic managers to report to Congress

Sep 19, 2017 - 8:06 AM

The bill will mandate the Department of Finance, National Economic and Development Authority, the Department of Budget and Management, and the Central Bank to report biannually to Congress on fiscal and monetary policies

REPORT. The Senate has passed the bill seeking to require the country's economic managers to report biannually to Congress. Malacañang 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

NEDA Board approves Metro Manila Subway, longest railway

Sep 12, 2017 - 7:30 PM

UPDATED These big ticket projects will be funded via official development assistance ODA from either China or Japan

BETTER TRANSPORT. These big-ticket projects form part of Mega Manila Dream Plan, a transport network roadmap seen to decongest the country’s capital. Images courtesy of www.build.gov.ph

$7-B Metro Manila subway to be extended to NAIA

Sep 06, 2017 - 6:10 PM

From an earlier projection of 4 4 billion P225 17 billion the cost of the proposed subway goes up to 7 billion P358 25 billion