Five  former NEDA secretaries feted in an anniversary dinner

 

By Rose de la Cruz

 

Five former secretaries of the National Economic and Development Authority were honored in the 45th anniversary dinner of the agency for their contributions to the country’s economic landscape.

 

These were Cesar EA Virata, Solita “Winnie” Monsod, Cielito Habito, Felipe Medalla and Romulo Neri.

 

The Monday dinner dubbed as “Secretaries’ Night” was part of the activities lined up for NEDA’s 45th founding anniversary that culminated with a day-long event last January 24.

 

A five-minute video paying tribute to the achievements and accomplishments of 15 former NEDA secretaries since 1973 was shown…

Read more: Five former NEDA secretaries feted in an anniversary dinner

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

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

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

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