MANILA – (UPDATED 11;54 a.m.) The Philippine economy is likely to grow at the upper end of the government target this year, the National Economic and Development Authority said on Monday.
“The Philippine GDP is expected to grow by 5 to 6 percent this year, most likely in the upper range of the target,” Socioeconomic Planning Secretary and NEDA Director-General Arsenio Balisacan said during the Philippine Economic Briefing.
The government aims to grow the country’s gross domestic product by 5-6 percent this year. It has risen by 6.1 percent in the first half.
Balisacan said the private sector will continue to drive growth, particularly the services sector, which includes business process outsourcing, trade and tourism.
He added that agriculture and manufacturing also are expected to support economic expansion. Manufacturing grew 4 percent in the second quarter, while agriculture eased to 1.7 percent.
“We’re sticking to our target of 3.5-4.5 percent growth in agriculture,” Agriculture Undersecretary Joel Rudinas however said.
He said the government has the technical capability but had been hampered by a dip in investment in critical infrastructure.
“Government is prioritizing investments in critical infrastructure like irrigation, post-harvest facilities, R&D, distribution systems,” he however said. –Darwin G. Amojelar, InterAksyon.com, with a report from Krista Angela M. Montealegre
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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