SWISS FINANCIAL services firm UBS AG has hiked its 2012 growth forecast for the Philippines to 5.8% after the economy remained strong in the second quarter.
“Philippine real GDP (gross domestic product) expanded 5.9% on the year, beating consensus expectations of 5.5% and our own forecast of 3.7%…” UBS said in a research note released yesterday.
UBS had projected 3.3% growth at the start of the year. Its latest estimate now falls within the government’s 5-6% target.
However, UBS kept its 2013 forecast of 4.7% — well below the offical 6-7% goal — as a global trade slump continues.
UBS also weighed in on monetary policy, predicting that the Bangko Sentral ng Pilipinas will keep rates on hold next week.
The central bank, it said, “intends to make further use of macroprudential measures rather than policy rate adjustments in the immediate future.” –Businessworld
Sept 5 – Oct 5
National Teachers Month
“Pay teachers decent wages,
Pay attention to teachers!”
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September
Monthly Observances:
Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 5)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: Family Week
Daily Observances:
Third Saturday: International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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