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
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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!
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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