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
World Day for Safety and Health at Work
“Safety and health at work every day!”
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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Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
