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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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