THE country’s economic growth will likely disappoint given the El Niño phenomenon and rising inflation, according to analysts of the US-based Global Source Partners think tank. In an economic brief, Global Source Partners analysts Diwa Guinigundo and Wilhelmina Manalac said the country’s growth may be lower than the 6 to…
HIGHER-FOR-LONGER interest rates and current geopolitical risks that threaten to cause a spike in oil and food prices are not enough reasons for the national government to give up on its growth targets this year, according to the country’s chief economist. Socioeconomic Planning Secretary Arsenio M. Balisacan noted the optimism…
Among all the crops grown in the Philippines, rice is heavily favored in terms of the support it receives from the government. The increase in spending in agriculture in recent years has largely benefited the rice sector. Billions of pesos have been poured into activities that sought to increase rice…
THE National Innovation Council (NIC) aims to double the grants extended by the Innovation Fund next year, according to the National Economic and Development Authority (Neda). On the sidelines of the Filipinnovation forum last Monday, Neda Undersecretary for Planning and Policy Rosemarie G. Edillon told reporters that this means the…
THE National Economic and Development Authority (Neda) is open to extending the Rice Competitiveness Enhancement Fund (RCEF) and using it for other sectors apart from rice. According to Socioeconomic Planning Secretary Arsenio M. Balisacan, using the RCEF for other sectors may lead to higher productivity in other agriculture sectors and…