By ANNA LEAH E. GONZALES, THE MANILA TIMES, 23 Jan 2020
THE Philippine economy grew to 6.4 percent in the fourth quarter of 2019, the slowest in eight years, bringing the full-year growth rate to 5.9 percent, just below the government’s target.
The Philippine Statistics Authority (PSA) said in a briefing Thursday that the October-to-December figure was higher than the revised 6.0 percent in the third quarter and the 6.3 percent recorded in the same period in 2018.
“This fourth-quarter 2019 growth outturn brings the full-year 2019 economic growth to 5.9 percent, the slowest in eight years and slightly below the [lower end] of the 6.0 to 6.5-percent revised target of the government for the year,” Socioeconomic Planning Secretary Ernesto Pernia said.
“We have seen our economy facing several challenges, even at the start of 2019 as the budget impasse led to delays in the implementation of government programs and projects. Adding to the problem was the election ban on certain, mostly infrastructure projects,” he added.
Pernia however said that the country’s gross domestic product (GDP) likely ranked third in the region, after Vietnam’s 7.0 percent and China’s 6.0 percent.
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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