The Philippine central bank said that employment outlook for the coming quarter remains bullish.
In its latest Business Expectation Survey (BES) released on Friday, the Bangko Sentral ng Pilipinas (BSP) said that the employment outlook index for the next quarter increased to 23 percent.
The central bank said that firms in the services sector were the most optimistic in their employment outlook, consistent with their bullish outlook in second quarter 2013.
“Business sentiment across employment size improves in the quarter ahead. Large-sized firms’ business confidence for both the current and next quarters was the most buoyant, followed by those of medium- and small-sized firms,” the BSP said.
The number of firms with expansion plans is broadly steady, while average capacity utilization declines.
However, in line with the more optimistic business sentiment for the next quarter, firms in the industrial sector continued to have a bullish outlook on the economy.
The percentage of businesses with expansion plans for the next quarter stood at 29.6 percent, relatively steady compared to that of the previous quarter, the BSP noted.
“The average capacity utilization for the current quarter slightly decreased to 73 percent compared to 74.1 percent registered last quarter,” Rosabel Guerrero, director of the BSP-Department of Economic Statistics said.
The First Quarter 2013 BES was conducted during the January 3 to February 8 this year. There were 1,555 firms surveyed nationwide. Respondents were drawn from the Securities and Exchange Commission’s Top 7,000 Corporations. –Raadee S. Sausa Reporter, Manila Times
It’s women’s month!
“Support women every day of the year!”
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 #Distancing #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
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
