THE Philippines would be able to achieve 5-percent growth this year once its exports picked up, the Asian Development Bank said on Thursday.
The government sees the gross domestic product expanding by 5 to 6 percent this year after it grew by just 3.7 percent last year or below its 4.5-percent target.
“Of course, in the medium to the long run the Philippine economy can grow 6 to 7 percent,” ADB president Haruhiko Kuroda said in a briefing after a closed-door meeting with President Benigno Aquino III and Finance Secretary Cesar Purisima.
“There are a few downside risks. We are cautiously optimistic,” Kuroda said, adding the spiraling oil prices would be one of the potential risks for Asia.
Purisima said the impeachment trial of Chief Justice Renato Corona was not dampening the business climate. Investors were more optimistic about doing business in the country, he said.
The Philippines is hosting the ADB’s 45th annual meeting in May, which is expected to be attended by 4,500 delegates. Joyce Pangco Pañares, Manila Standard Today
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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