President Ferdinand Marcos Jr. has ordered the creation of the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) in an effort to ramp up the government’s efforts to ease inflation and improve the Philippine economy.
The government must “exercise caution” in interpreting 6.4% GDP growth in the first quarter of 2023 as a slowdown, National Economic and Development Authority said.
The country’s inflation rate reflects a decline this year, the National Economic and Development Authority said.
President Ferdinand Marcos Jr. has approved two measures that will help the country achieve “deep social and economic change,” NEDA chief Arsenio Balisacan said.
The Philippine labor market is “steadily recovering,” the National Economic and Development Authority said.
The government is committed to continue addressing the root causes of high food prices, the National Economic and Development Authority assured Wednesday.
The National Economic and Development Authority has released the implementing rules and regulations of Republic Act No. 11659 or the Amendments to the Public Service Act.
Sixty-seven of the 194 Infrastructure Flagship Projects have either been approved or are now being implemented, according to the National Economic and Development Authority.
The National Economic and Development Authority on Thursday welcomed the drop in the country’s unemployment rate to 4.8 percent in January 2023, down from 6.4 percent in the same period last year.
The National Innovation Council has approved six executive members for 2023 to 2026, National Economic and Development Authority chief Arsenio Balisacan said Tuesday.
