NEDA’s Tungpalan gets JICA president award

 

By Rose de la Cruz

 

Undersecretary for Investment Programming Rolando G. Tungpalan of the National Economic and Development Authority (NEDA) was conferred a prestigious international award by the Japan International Cooperation Agency (JICA) for his contributions in the delivery of countless JICA-assisted projects in the Philippines.

 

Tungpalan is the only Filipino among 29 individuals selected around the world for the JICA Awards in the individual category. The awards, now on its 13th round, are bestowed annually to individuals, projects, and organizations for their long-standing contributions to JICA’s activities in Japan and overseas.

 

“Undersecretary Tungpalan has been…

Read more: NEDA’s Tungpalan gets JICA president award

2019 budget pegged at P3.4 trillion



By Rose de la Cruz

 

 

After last week’s release of the Budget Call for 2019 under National Budget Memorandum No. 129, representatives from national government agencies will gather for the Budget Forum on January 17 (tomorrow) to forward issues and concerns related to the preparation of their agencies’ budget proposals for Fiscal Year (FY) 2019. Agencies are expected to submit their budget proposals to the DBM by mid-April 2018.

 

The total budget levels for FY 2019 have already been disclosed by the Development Budget Coordination Committee in its meeting last December 22, 2017.

 

For 2019, the government has a…

Read more: 2019 budget pegged at P3.4 trillion

Imports grew faster in 2017 than exports

 

By Rose de la Cruz

 

Merchandize imports grew faster at 18.5 percent in November 2017 as against exports which grew by 1.6 percent—the lowest since November 2016—with agri-based products and manufactures posting declines, offsetting the gains in mineral, forest and petroleum products.

 

But the Philippine Statistics Authority under the National Economic and Development Authority, sees continues improvement in the export competitiveness and identification of emerging markets for exports that would sustain merchandize trade growth.

 

The PSA said the country’s total trade grew by 11.8 percent in November 2017, pushing year-to-date growth to 9.9 percent.…

Read more: Imports grew faster in 2017 than exports

FDIs surge in October 2017 to $2B from $670M

 

By Rose de la Cruz

 

Foreign direct investment net inflows rose threefold in October 2017 to $2 billion from $670 million in the comparable period in 2016.

 

The FDI surge reflects continued investor confidence in the country’s strong macroeconomic fundamentals and growth prospects.

 

Over ¾ of FDI net inflows were in equity capital with gross placements rising markedly to $1.6 billion from $84 million a year ago.

 

The other sectors where FDIs flowed were manufacturing; construction; real estate; and wholesale and retail trade.

 

The top country sources were the Netherlands, Singapore, Kuwait, the…

Read more: FDIs surge in October 2017 to $2B from $670M

GIR grows to $81.5B in December 2017

 

By Rose de la Cruz

 

The country’s gross international reserves as of end December 2017 grew to $81.5 billion or an equivalent of 8.3 months’ worth of imports of goods and payments for services and primary income.

 

Governor Nestor Espenilla of the Bangko Sentral ng Pilipinas said the end December GIR is even more than the $80.3 billion recorded in the previous month and was due mainly to inflows from the BSP’s foreign exchange operations, net foreign currency deposits by the national government, the revaluation adjustments of BSP’s gold holdings resulting from the increased prices…

Read more: GIR grows to $81.5B in December 2017

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