TOTAL earnings of Philippine industries grew by double digits in the third quarter of 2010 mostly because of higher growth in banks and non-bank sectors, the National Statistical Coordination Board (NSCB) said.
In a statement, NSCB said the total gross revenue index of industries went up by 14.8 percent in the third quarter last year compared with the 0.7-percent growth in the same quarter in 2009.
The financial sector registered the highest growth at 21.6 percent, as banks, non-banks and insurance companies performed vigorously during the quarter.
This was followed by trade, which grew by 16.5 percent, and manufacturing, which rebounded to 12.8 percent from a decline of 12.4 percent in 2009.
The NSCB said the total employment index for 2010 posted a growth of 1.9 percent, reversing a decline of 5.2 percent the year before.
Real estate and finance both recorded the highest growth with 4.7 percent.
While all other sectors recorded positive growth in employment, the NSCB said mining and quarrying, transportation and communication, and private services, registered declines of 12.5 percent, 1.5 percent and 1.2 percent.
The NSCB said the total compensation index rebounded to a growth of 15.7 percent from the previous year’s decline of 1.7 percent.
Total compensation per employee index also grew by 13.6 percent in the third quarter of 2010 from a 3.7-percent growth the same quarter the previous year.
Manufacturing registered the highest growth at 28 percent, followed by real estate at 19.3 percent, and mining and quarrying at 11.9 percent. –Darwin G. Amojelar, Manila Times
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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