Philippine economy to lead ASEAN growth: Standard Chartered

Published by rudy Date posted on April 21, 2017

ABS-CBN News, Apr 21 2017

MANILA – The Philippine economy will likely grow 6.8 percent this year, Standard Chartered said Friday, in the most recent affirmation that the country will outpace its Southeast Asian peers.

Strong domestic demand, increased infrastructure investments and a steadily growing services sector will support expansion of up to 7 percent in the first half and 6.5 percent in the second half, Standard Chartered Asia economist Chidu Narayanan said.

“This would make the Philippines the fastest-growing ASEAN-6 economy for a second consecutive year,” Narayanan said in a statement.

The International Monetary Fund said earlier this week that the Philippine economy could grow by 6.8 percent this year and 6.9 percent next year, leading ASEAN, and second only to India in developing Asia.
On Tuesday, President Rodrigo Duterte’s economic managers unveiled “Dutertenomics,” an ambitious plan to grow the economy by building P8-trillion in infrastructure.

September 18 –
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“Increase wages now,
more than other cost items.
For widespread, practical equality!”

Invoke Article 33 of the ILO Constitution
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to carry out the recommendations of the 2021 ILO Commission of Inquiry
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Accept the National Unity Government (NUG) 
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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 

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Oct 21: Tenants’ Emancipation day 

Oct 24: United Nations Day 

Oct 29: National Indigenous People’s Thanksgiving Day

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