+ Follow ECONOMIC PLANNING SECRETARY FELIPE MEDALLA Tag
ECONOMIC PLANNING SECRETARY FELIPE MEDALLA
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[ArticleID] => 234354
[Title] => Reds give surprise backing to Loren
[Summary] => Local communist rebels gave their surprise backing yesterday to opposition vice presidential candidate Loren Legarda, saying her victory in the May elections will boost peace talks with the government.
Legarda, a senator and former television broadcaster, is on the ticket of Fernando Poe Jr., a movie star challenging President Arroyo in the May 10 polls.
[DatePublished] => 2004-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
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[1] => Array
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[ArticleID] => 96764
[Title] => Budget deficit seen to be lower this year
[Summary] => The government will implement additional belt-tightening measures to ensure it contains this year's budget deficit to a maximum of P130 billion or lower than last year's deficit of about P136.1 billion.
Economic Planning Secretary Felipe Medalla said that to achieve a lower deficit, soft cuts of P40 billion in the proposed P725-billion budget will be implemented for the year until its revenue-enhancement programs generate additional money for the government's near empty coffers.
[DatePublished] => 2001-01-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 96747
[Title] => Government eyes ‘soft cuts’ in P725-B budget for 2001
[Summary] => More difficult times are ahead with government preparing for a worst-case scenario entailing "soft cuts" in the proposed P725-billion budget for this year, Economic Planning Secretary Felipe Medalla said over the weekend.
These soft cuts in public expenditure, along with the plan to have a reserve of about P40 billion, will mean government will forego badly-needed pump-priming activities required to keep the economy afloat, especially with the absence of foreign investors.
[DatePublished] => 2001-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[SectionName] => Business
[SectionUrl] => business
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[3] => Array
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[ArticleID] => 89082
[Title] => ‘Lack of investors worries Metro folk’
[Summary] => People in Metro Manila appeared to be most concerned about the foundering economy followed by the juetengate charges facing President Estrada.
In particular, Metro Manila residents are more worried that the economic growth is slowing down because investors have no confidence in the President, according to results of the latest tracking survey by Pulse Asia called Project JEST.
The survey, commissioned by The STAR, was conducted between Nov. 17 and Dec. 10. In that poll, the respondents were asked which two issues troubled them most.
[DatePublished] => 2000-12-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1194027
[AuthorName] => by Elmer Mesina
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[4] => Array
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[ArticleID] => 98128
[Title] => RP braces for slowdown in US economy, El Niño next year
[Summary] => This year’s winners – agriculture and exports – are not expected to perform as well next year as they did this year as the country braces itself against the projected slowdown in the US economy aggravated by the El Niño phenomenon which is expected to hit agricultural production.
Economic Planning Secretary Felipe Medalla told reporters that the economy faces two major downsides in 2001, making it less likely that gross domestic product would hit the high end of government’s two to 3.5 percent growth rate.
[DatePublished] => 2000-12-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 89000
[Title] => Guingona: Economic figures ‘doctored’
[Summary] => Senate Minority Leader Teofisto Guingona accused the National Economic and Development Authority (NEDA) yesterday of "doctoring" the country’s latest growth figures to make it appear the economy was growing far stronger than expected.
In a press statement, Guingona said the 5.7 percent growth in the gross national product (GNP) for the third quarter was not an accurate reflection of the country’s true economic performance, citing the inconsistencies with the reference figures.
[DatePublished] => 2000-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
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[6] => Array
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[ArticleID] => 98115
[Title] => T-bills not going back to single-digit level – Medalla
[Summary] => Government economists said they don‘t see the benchmark 91-day Treasury bill rates going back down to single-digit levels in the foreseeable future.
Economic Planning Secretary Felipe Medalla told reporters that T-bill rates would not go back to single-digit levels especially with the public sector deficit bigger than programmed for the next few years.
According to Medalla, government is not likely to go back to issuing dollar bonds to finance its deficit especially with the current rates. "They’re unattractive," he said.
[DatePublished] => 2000-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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[7] => Array
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[ArticleID] => 98080
[Title] => IMF confirms RP’s growth projections
[Summary] => The International Monetary Fund (IMF) said yesterday the country’s economy will continue to grow this year, validating the government’s projection of a four percent growth in gross domestic product (GDP) for this year.
Following the release of the third quarter growth figures which showed a 4.8 percent expansion in GDP and a 5.7 percent increase in gross national product (GNP), IMF resident representative Sean Nolan expressed the view that "there is absolutely no reason to question the numbers."
[DatePublished] => 2000-11-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[8] => Array
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[ArticleID] => 88952
[Title] => Economy hit 4.8% before crisis
[Summary] => The economy grew by a far stronger-than-expected 4.8 percent year on year in the third quarter, but its outlook now hinges on whether a political crisis that has hammered investor confidence can be quickly resolved.
Economic Planning Secretary Felipe Medalla said the economy would continue on this track until next year "as long as the people accept the ongoing impeachment process."
[DatePublished] => 2000-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[9] => Array
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[ArticleID] => 98793
[Title] => Economic managers paint bleak scenario
[Summary] => Government has drawn up a worst case scenario of low growth, high inflation and a huge budget deficit next year, if the current political uncertainty remains unresolved.
This was revealed yesterday by Economic Planning Secretary Felipe Medalla who painted a bleak scenario for the country if the political problem is not solved soon.
Medalla said that a worst case scenario would mean a mere growth of two percent next year, an average inflation rate of eight percent and a budget deficit as high as P100 billion.
[DatePublished] => 2000-11-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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