NEDA sees sustained manufacturing growth in Q4

 

 

By Rose de la Cruz

 

 

With a strong consumer demand and an optimistic business outlook, the growth of factory output will be sustained for the rest of December, the National Economic and Development Authority said.

 

The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority for October 2018 reported that manufacturing’s Volume of Production Index (VoPI) rose by3.9 percent while the Value of Production Index (VaPI) climbedby 3.3 percent.

 

Both VoPI and VaPI have been on positive territory for 10 consecutive months since January 2018.

 

Increases in the production of petroleum, export-oriented products and non-metallic mineral products drove the expansion of manufacturing output in October.

 

NEDA expects that manufacturing of construction-related products, such as…

Read more: NEDA sees sustained manufacturing growth in Q4

Romero pushes for national fuel reserves strategy

 

 

By Rose de la Cruz

 

Even as fuel prices in the world have plunged to below $50 a barrel (from its peak several months ago of over $60 per barrel), Rep. Michael Romero of 1-PACMAN partylist, is pushing for the establishment of a national fuel reserves strategy to cushion the impact of escalating oil prices in the future.

 

Romero authored House Resolution 1936 back on May 30, 2018 wherein he recommended the fuel reserves solution as an anti-inflation measure.

 

"World oil prices would most likely stabilize at range that oil exporting countries can live with…

Read more: Romero pushes for national fuel reserves strategy

Institutionalize monitoring & evaluation in govt.—Pernia

 

In a gathering of monitoring and evaluation (M&E) practitioners in the country, the National Economic and Development Authority sought to refine the proposed guidelines on the official framework for evaluating government programs and projects.


Guidelines for the National Evaluation Policy Framework (NEPF) will spell out, among others, procedures, tools, and templates that managers in government may use in designing, commissioning, and assuring the quality of evaluations.

 

The NEPF was drafted and approved in 2015 through DBM Joint Memorandum Circular No. 2015-01.

 

M&E are indispensable elements of effective, data-driven policy-making. The process should not be considered as an afterthought…

Read more: Institutionalize monitoring & evaluation in govt.—Pernia

New BSP charter ratified in the House

 

 

By Rose de la Cruz

 

The House of Representatives has ratified the new charter of the Bangko Sentral ng Pilipinas which hikes the capitalization from P50 billion to P200 billion and gives it more forceful and disciplinary powers over banks and other financial institutions that it regulates in the country.

 

Rep. Henry Ong, 2nd District of Leyte, who chairs the committee on banks and financial intermediaries, said this after the House ratified the approved bicameral conference committee version of the bill amending the BSP charter.

 

"In layman's terms, the amendments make it easier for the BSP to find…

Read more: New BSP charter ratified in the House

1st BSP-sponsored Financial literacy expo on Nov. 27-28 at SMX

 

 

 


The first Bangko Sentral ng Pilipinas (BSP)-sponsored Financial Education Stakeholders Expo will be held on Nov. 27-28 at the SMX Convention Center in Pasay City.

 

The Expo supports Republic Act No. 10922 which designates the second week of November as Economic and Financial Literacy Week. It is also aligned with the objectives of the National Strategy for Financial Inclusion, particularly the pillar on Financial Education and Consumer Protection.


The 2018 Expo will convene and connect stakeholders from the public and private sectors, provide venue for sharing their financial education initiatives, and encourage productive partnerships. Expo speakers…

Read more: 1st BSP-sponsored Financial literacy expo on Nov. 27-28 at SMX

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