MANILA, Philippines–The Bangko Sentral ng Pilipinas will likely keep its policy rates at current record lows until the middle of 2010 to further boost the economy, which is seen to recover only modestly from the impact of the global economic crunch.
This was the projection of investment bank Barclays Capital, which said the BSP would want to witness faster credit growth to support more economic activity.
Prakriti Sofat, regional economist of Barclays Capital, said in an analysis of the Philippine economy that the BSP may allow the peso to strengthen a bit to help maintain a benign inflation.
“From a policy perspective, we think that the central bank will lean toward using the currency as an instrument to contain inflation, with our yearend target being 46 [$1:P46],” the bank economist said.
After hovering in the 47-to-a-dollar territory earlier in the year, the peso has moved to the 46 range and touched 45 in intra-day trade last Tuesday because of rising foreign exchange inflows, mainly remittances from Filipinos abroad.
An appreciation of the peso makes imported goods cheaper, thereby tempering overall inflation. –Michelle Remo, Philippine Daily Inquirer
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National 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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
