MANILA, Philippines – Business outlook for 2010 is the most upbeat in 14 years as the economy recovers from the global crisis, according to a survey conducted by the Makati Business Club (MBC).
The MBC Executive Outlook Survey showed that 89% of respondents believe that gross domestic product (GDP) growth this year would exceed the 0.9% growth registered in 2009. This percentage of optimistic respondents was the highest in 14 years, surpassed only in July 1996 when 93.9% of respondents believed economic growth would be higher than the previous year.
But MBC executive director Alberto Lim noted that the overwhelming positive sentiment of the business community for this year was expected since last year’s GDP growth was an 11-year low.
In the 2009 survey, only 2% expected economic growth to surpass growth in 2008.
Majority of respondents this year foresee a more favorable trend in 2010 for most of the other major economic indicators: a stable peso (36.5%), higher levels of investments (66.2%), exports (74.3%), and imports (73.0%).
On the other hand, majority of the respondents forecast a higher inflation rate (66.2%), and interest rate (55.4%).
MBC latest survey was conducted among its members from February 19 to March 24. Seventy-four members responded, representing around 10% of MBC’s total membership. –abs-cbnNEWS.com
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
