MANILA, Philippines – Business outlook for 2010 is the most upbeat in 14 years as the economy recovers from the global crisis, according to a survey conducted by the Makati Business Club (MBC).
The MBC Executive Outlook Survey showed that 89% of respondents believe that gross domestic product (GDP) growth this year would exceed the 0.9% growth registered in 2009. This percentage of optimistic respondents was the highest in 14 years, surpassed only in July 1996 when 93.9% of respondents believed economic growth would be higher than the previous year.
But MBC executive director Alberto Lim noted that the overwhelming positive sentiment of the business community for this year was expected since last year’s GDP growth was an 11-year low.
In the 2009 survey, only 2% expected economic growth to surpass growth in 2008.
Majority of respondents this year foresee a more favorable trend in 2010 for most of the other major economic indicators: a stable peso (36.5%), higher levels of investments (66.2%), exports (74.3%), and imports (73.0%).
On the other hand, majority of the respondents forecast a higher inflation rate (66.2%), and interest rate (55.4%).
MBC latest survey was conducted among its members from February 19 to March 24. Seventy-four members responded, representing around 10% of MBC’s total membership. –abs-cbnNEWS.com
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!
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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
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