Metro Manila’s share of the country’s total financial wealth widened further this year, as the political and financial hub continued to experience faster growth than the rest of the economy.
Metro Manila cornered more than two-thirds of the financial resources of the banking sector as of June 2011, leaving less than a third of the total to the rest of the country, according to state-owned Philippine Deposit Insurance Corp.
PDIC, in its Regional Deposit Profile, said the National Capital Region accounted for the lion’s share of 67.7 percent of the total deposits maintained in the Philippine banking system.
Of the outstanding bank deposits of P5.2 trillion as of end-June 2011, Metro Manila held 3.5 trillion while the rest of the country accounted for P1.7 trillion, or 32.3 percent.
Instead of becoming more equitable, the ratio is moving in favor of Metro Manila’s larger share of the pie. Deposits in the NCR grew faster at 9.6 percent in the first half of 2011, compared with the 6.2 percent increase in combined deposits in the rest of the country. The national average deposit growth rate stood at 8.4 percent in the first half.
Metro Manila also accounted for 42.7 percent of the 37.6 million total deposit accounts as of June 2011, while the rest of the country had 57.3 percent of the total. –Roderick T. dela Cruz, Manila Standard Today
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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