GUARDED OPTIMISM: The Bangko Sentral ng Pilipinas enters 2012 with guarded optimism even while other countries grapple with their own economic difficulties.
Scanning the global environment and its linkages to the Philippine economy, BSP Vice Gov. Cyd Tuano-Amador (Monetary Policy Sub-Sector) said that while we are not immune to global headwinds, we are “well-insulated.”
Briefing officers of the Capampangan in Media Inc. (CAMI) days ago, Dr. Amador recalled that a barrage of shocks hit the global economy in 2011. She mentioned the weak recovery/sub-par growth of United States, the European sovereign debt worries and banking system fragilities.
There was also the devastating earthquake and tsunami in Japan (which had immediate and direct impact on Philippine industries) and the violent unrest in some oil-producing countries spiking the price of petroleum products. –Federico Pascual, Philippine Star
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.
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#Distancing
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