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
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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