^
+ Follow SOCIOECONOMIC PLANNING SECRETARY ROMULO L Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 380838
                    [Title] => 2006 budget deficit seen at P80-P90B
                    [Summary] => 



The government expects its 2006 budget deficit to be within its new target of P80 to P90 billion, Finance Secretary Margarito Teves said yesterday.  


However, Teves was unable to give an exact figure except to say that the deficit is within target and might even be lower. The government last month slashed its deficit target to P80 to P90 billion from the original target of P125 billion as it vowed to increase spending on infrastructure and social services.
[DatePublished] => 2007-01-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 374759 [Title] => ODA disbursements up 3% in 9 months [Summary] => The country’s official development assistance (ODA) disbursements for the first nine months of the year went up by three percent to $867 million compared to the same period the previous year, a top economic manager said.

Socioeconomic Planning Secretary Romulo L. Neri said the main sources of ODA are Japan Bank of International Cooperation (JBIC), World Bank and Asian Development Bank (ADB).

Of the three, only JBIC increased its commitment to the country by 1.3 percent to $546.8 million from $539.7 million.
[DatePublished] => 2006-12-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 372149 [Title] => NG mulls P13.1-B modernization of RP telecom system [Summary] => The government is considering the modernization of the local telecommunications system by putting up P13.1-billion worth of new technology, a top economic manager said.

In an interview, Socioeconomic Planning Secretary Romulo L. Neri said the multi-billion peso system will result to an estimated annual savings of P2.2 billion to P6.1 billion for the country.

"It seems economically viable," Neri said.
[DatePublished] => 2006-11-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 370905 [Title] => RP losing $300-$400M yearly due to nullified NAIA-3 deal, says Neri [Summary] => The country is losing between $300 million to $400 million worth of foreign investments a year because of the Supreme Court decision to nullifying the contract between the government and the foreign investors who built the Ninoy Aquino International Airport Terminal 3, a top economic manager said.

At the sidelines of a legal forum held yesterday, Socioeconomic Planning Secretary Romulo L. Neri said the perception of the judiciary declaring contracts void has deterred businessmen from investing in the country.
[DatePublished] => 2006-11-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 369593 [Title] => Squabbles delay Pasig River rehab — Neri [Summary] => The squabbles among the proponents of the Pasig River project have been causing the delay in the river’s planned rehabilitation, the country’s top economic planner said.

Socioeconomic Planning Secretary Romulo L. Neri said two ranking government officials have been fighting over the river’s embankment, which has pushed back the project’s timetable by at least six months

An embankment is a long artificial mound of stone or earth built to hold back water or to support a road as protection.
[DatePublished] => 2006-11-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 368716 [Title] => Neri proposes reforms to lower cost of doing business in RP [Summary] => The high cost of doing business remains one of the prime reasons why investment inflow is slow in the country, Socioeconomic Planning Secretary Romulo L. Neri said.

To address the issue; Neri proposed microeconomic reforms to reduce the cost of doing business by 45 percent to 50 percent. Microeconomic reforms are industry-to-industry type of reforms.

However, he warned these reforms will not come easy. "I call these the hard reforms because at each stage, you have to face well-entrenched, vested interest," Neri explained.
[DatePublished] => 2006-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 364109 [Title] => Gov’t to increase spending in Q4 [Summary] => The government vowed to increase its spending in the last three months of the year in hopes to correct the P50-billion budget deficit, an economic manager said.

Socioeconomic Planning Secretary Romulo L. Neri said the P46.4-billion additional budget approved by the House of Representatives will help fill in the spending gaps caused by underspending.
[DatePublished] => 2006-10-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 363948 [Title] => Reforms to cut business costs by 50% — NEDA [Summary] => Socioeconomic Planning Secretary Romulo L. Neri said microeconomic reforms could bring down the cost of doing business in the country by as much as 50 percent.

On the second day of the Philippine Business Conference at the Manila Hotel, Neri said these targeted reforms to reduce business expenditures eventually can lead to two things — very high profit or lower prices.

"Cost reduction can also be converted to consumer welfare, so we can reduce the inflation rate," Neri said.
[DatePublished] => 2006-10-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 350071 [Title] => Savings pool from OFW inflows eyed for infra projects [Summary] => While remittances from overseas Filipino workers (OFWs) are raising the savings rate in the country, this vast pool of savings is a resource "that should be tapped for infrastructure and social development projects," Socioeconomic Planning Secretary Romulo L. Neri said.
[DatePublished] => 2006-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 348155 [Title] => PCCI supports stricter rules on cross-ownership in power sector [Summary] => The Philippine Chamber of Commerce and Industry (PCCI) expressed yesterday its support for stricter regulations on cross-ownership to increase competition in the power sector and lower the cost of energy in the country.

In a statement, PCCI president Donald Dee expressed the chambers’ support for the proposal of Socioeconomic Planning Secretary Romulo L. Neri to implement stricter and more stringent limitations on cross ownership between power generation and distribution utilities to prevent a monopoly in the power sector.
[DatePublished] => 2006-07-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
SOCIOECONOMIC PLANNING SECRETARY ROMULO L
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 380838
                    [Title] => 2006 budget deficit seen at P80-P90B
                    [Summary] => 



The government expects its 2006 budget deficit to be within its new target of P80 to P90 billion, Finance Secretary Margarito Teves said yesterday.  


However, Teves was unable to give an exact figure except to say that the deficit is within target and might even be lower. The government last month slashed its deficit target to P80 to P90 billion from the original target of P125 billion as it vowed to increase spending on infrastructure and social services.
[DatePublished] => 2007-01-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 374759 [Title] => ODA disbursements up 3% in 9 months [Summary] => The country’s official development assistance (ODA) disbursements for the first nine months of the year went up by three percent to $867 million compared to the same period the previous year, a top economic manager said.

Socioeconomic Planning Secretary Romulo L. Neri said the main sources of ODA are Japan Bank of International Cooperation (JBIC), World Bank and Asian Development Bank (ADB).

Of the three, only JBIC increased its commitment to the country by 1.3 percent to $546.8 million from $539.7 million.
[DatePublished] => 2006-12-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 372149 [Title] => NG mulls P13.1-B modernization of RP telecom system [Summary] => The government is considering the modernization of the local telecommunications system by putting up P13.1-billion worth of new technology, a top economic manager said.

In an interview, Socioeconomic Planning Secretary Romulo L. Neri said the multi-billion peso system will result to an estimated annual savings of P2.2 billion to P6.1 billion for the country.

"It seems economically viable," Neri said.
[DatePublished] => 2006-11-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 370905 [Title] => RP losing $300-$400M yearly due to nullified NAIA-3 deal, says Neri [Summary] => The country is losing between $300 million to $400 million worth of foreign investments a year because of the Supreme Court decision to nullifying the contract between the government and the foreign investors who built the Ninoy Aquino International Airport Terminal 3, a top economic manager said.

At the sidelines of a legal forum held yesterday, Socioeconomic Planning Secretary Romulo L. Neri said the perception of the judiciary declaring contracts void has deterred businessmen from investing in the country.
[DatePublished] => 2006-11-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 369593 [Title] => Squabbles delay Pasig River rehab — Neri [Summary] => The squabbles among the proponents of the Pasig River project have been causing the delay in the river’s planned rehabilitation, the country’s top economic planner said.

Socioeconomic Planning Secretary Romulo L. Neri said two ranking government officials have been fighting over the river’s embankment, which has pushed back the project’s timetable by at least six months

An embankment is a long artificial mound of stone or earth built to hold back water or to support a road as protection.
[DatePublished] => 2006-11-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 368716 [Title] => Neri proposes reforms to lower cost of doing business in RP [Summary] => The high cost of doing business remains one of the prime reasons why investment inflow is slow in the country, Socioeconomic Planning Secretary Romulo L. Neri said.

To address the issue; Neri proposed microeconomic reforms to reduce the cost of doing business by 45 percent to 50 percent. Microeconomic reforms are industry-to-industry type of reforms.

However, he warned these reforms will not come easy. "I call these the hard reforms because at each stage, you have to face well-entrenched, vested interest," Neri explained.
[DatePublished] => 2006-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 364109 [Title] => Gov’t to increase spending in Q4 [Summary] => The government vowed to increase its spending in the last three months of the year in hopes to correct the P50-billion budget deficit, an economic manager said.

Socioeconomic Planning Secretary Romulo L. Neri said the P46.4-billion additional budget approved by the House of Representatives will help fill in the spending gaps caused by underspending.
[DatePublished] => 2006-10-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 363948 [Title] => Reforms to cut business costs by 50% — NEDA [Summary] => Socioeconomic Planning Secretary Romulo L. Neri said microeconomic reforms could bring down the cost of doing business in the country by as much as 50 percent.

On the second day of the Philippine Business Conference at the Manila Hotel, Neri said these targeted reforms to reduce business expenditures eventually can lead to two things — very high profit or lower prices.

"Cost reduction can also be converted to consumer welfare, so we can reduce the inflation rate," Neri said.
[DatePublished] => 2006-10-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio  [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 350071 [Title] => Savings pool from OFW inflows eyed for infra projects [Summary] => While remittances from overseas Filipino workers (OFWs) are raising the savings rate in the country, this vast pool of savings is a resource "that should be tapped for infrastructure and social development projects," Socioeconomic Planning Secretary Romulo L. Neri said.
[DatePublished] => 2006-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 348155 [Title] => PCCI supports stricter rules on cross-ownership in power sector [Summary] => The Philippine Chamber of Commerce and Industry (PCCI) expressed yesterday its support for stricter regulations on cross-ownership to increase competition in the power sector and lower the cost of energy in the country.

In a statement, PCCI president Donald Dee expressed the chambers’ support for the proposal of Socioeconomic Planning Secretary Romulo L. Neri to implement stricter and more stringent limitations on cross ownership between power generation and distribution utilities to prevent a monopoly in the power sector.
[DatePublished] => 2006-07-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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