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
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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