Draft Ph. Export Development Plan supports PDP2017-2022

 

 

By Rose de la Cruz

 

The National Economic and Development Authority said that the proposed Philippine export development plan (PEDP) to boost the country’s exports is intended to meet the targets contained in the Philippine Development Plan (PDP) 2017-2022.

 

The Economic Development Cluster (EDC) endorsed last Thursday the Philippine Export Development Plan (PEDP) 2018-2022 for the approval of President Rodrigo Duterte.

 

The PEDP 2018-2022 is a five-year roadmap aimed at improving exports performance and increasing the sector’s competitiveness.

 

“Our latest exports numbers (April 2018) have not been so good. All products showed negative growth…

Read more: Draft Ph. Export Development Plan supports PDP2017-2022

Remittances surge to $10.4-B in 1st 4 months of 2018

 

 

By Rose de la Cruz

 

Remittances from overseas Filipinos rose to $10.4 billion in January to April 2018, up by 4 percent hitting $2 billion in April alone.

 

Bangko Sentral ng Pilipinas Gov. Nestor Espenilla Jr. said the continued growth in personal remittances during the first four months was driven by steady remittance inflows from land-based OF workers with work contracts of one year or more, which aggregated to $8.1 billion.

 

Compensation of sea-based workers and land-based workers with short-term contracts reached $2.1 billion.

 

Remittances from OFs coursed through banks posted…

Read more: Remittances surge to $10.4-B in 1st 4 months of 2018

 MB okays the adoption of NSFR for U/KBs

 

By Rose de la Cruz

 

Universal and commercial banks (U/KBs) will now have to adopt the Net Table Funding Ratio (NFSR), a measure on the stability of a bank to fund its liquidity needs over one year.

 

This new measure complements the Liquidity Coverage Ration (LCR) which covers a shorter period of over 30 days in which a bank shall hold sufficient high quality liquid assets (HQLAs) that can be easily converted into cash to service their liquidity requirements.

 

Both ratios are aimed at strengthening the ability of banks to withstand liquidity stress and promote resilience…

Read more: MB okays the adoption of NSFR for U/KBs

BOP deficit to worsen to $3.1 billion in 2018

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas projected that the balance of payment this year would worsen to $3.1 billion, equivalent to 0.9 percent of gross domestic product due mainly to the projected wider trade deficit as imports would continue to outpace exports.

 

The BSP said the revised BOP projections—from those released in December 2017—incorporates the latest available data and reflect the recent and prospective economic developments, both domestic and global.

 

The current account is seen to post a higher deficit of $3.1 billion, equivalent to 0.9 percent of gross domestic product. This mainly…

Read more: BOP deficit to worsen to $3.1 billion in 2018

NEDA commits to intensify project monitoring

 

 

By Rose de la Cruz

 

The National Economic and Development Authority committed to intensify its efforts in monitoring and evaluating government activities during a workshop with the World Bank last week.

 
The joint stakeholder evaluation workshop was held in an effort to enhance monitoring and evaluation of programs and projects in the country.


“We need to improve our capability in measuring and evaluating results. That is why there is a serious intention to implement purposive evaluation in the country that would give us evidence-based, results-oriented impact assessment of our activities,” said Socioeconomic Planning Secretary Ernesto M. Pernia.…

Read more: NEDA commits to intensify project monitoring

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