BSP: 2009 remittances unlikely to fall

Published by rudy Date posted on April 28, 2009

MANILA–Remittances from Filipinos working and living overseas, a key pillar of the Philippine economy, are unlikely to decline this year, central bank deputy governor Diwa Guinigundo said on Tuesday.

The comment suggests remittance would be at least in line with the record 2008 level of $16.4 billion.

Guinigundo said Filipinos continue to land jobs abroad, particularly in the Middle East, but he said the government would have a better grasp of the overseas labor market by the second half this year.

The World Bank said last month it expects remittance flows to developing countries to fall between 5 percent and 8 percent this year, compared to estimated 8.8 percent growth in 2008, citing the uncertainty over the duration and depth of the global financial crisis.–Reuters

Sept 5 – Oct 5
National Teachers Month

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Invoke Article 33 of the ILO Constitution
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Accept National Unity Government (NUG)
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September


Monthly Observances:

Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month

National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 5)

 

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: Family Week


Daily Observances:

Third Saturday: International Coastal Clean-up Day

Third Monday: World Health Day

Last Friday: National Maritime Day

Sept 8: National Literacy Day

Sept 15: Philippine Medicine Day

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