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
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
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:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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