THE Philippines would be able to achieve 5-percent growth this year once its exports picked up, the Asian Development Bank said on Thursday.
The government sees the gross domestic product expanding by 5 to 6 percent this year after it grew by just 3.7 percent last year or below its 4.5-percent target.
“Of course, in the medium to the long run the Philippine economy can grow 6 to 7 percent,” ADB president Haruhiko Kuroda said in a briefing after a closed-door meeting with President Benigno Aquino III and Finance Secretary Cesar Purisima.
“There are a few downside risks. We are cautiously optimistic,” Kuroda said, adding the spiraling oil prices would be one of the potential risks for Asia.
Purisima said the impeachment trial of Chief Justice Renato Corona was not dampening the business climate. Investors were more optimistic about doing business in the country, he said.
The Philippines is hosting the ADB’s 45th annual meeting in May, which is expected to be attended by 4,500 delegates. Joyce Pangco Pañares, Manila Standard Today
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
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