Economy

The market knows

Published by rudy Date posted on May 1, 2009

Many, many years ago when I was still rather new to the Philippines, a Filipino said to me if the Philippines was a centipede it would shoot itself in every foot—well, there aren’t many feet left, but here we go again.

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NEDA sees bottoming out of financial crisis in favor of RP

Published by rudy Date posted on April 29, 2009

MANILA, Philippines – The National Economic and Development Authority (NEDA) expressed optimism that this year’s target growth rate of 3.1 to 4.1 percent could still be attained now that there are indications that the global financial crisis is bottoming out.

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IMF’s worst forecast ever makes reforms urgent

Published by rudy Date posted on April 29, 2009

THE Philippine economic outlook is getting direr by the month. Last week the International Monetary Fund (IMF) issued the worst forecast yet for the country.

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L, U or V?

Published by rudy Date posted on April 29, 2009

MANILA, Philippines–True to form, economists can’t agree on the likely shape of the recovery from the current global economic downturn precipitated by the US financial meltdown. The most pessimistic see an L-shaped trend, implying that the world economy will be lingering at the bottom for a long time. The more sanguine see just a year…

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RP expects “rebound mode” of global economy

Published by rudy Date posted on April 29, 2009

MANILA, Philippines (Xinhua) – The government is gearing up for a “rebound mode” following upbeat indicators in the global economy, officials said yesterday.

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More Filipinos expect life to get better–SWS

Published by rudy Date posted on April 28, 2009

Despite the global financial crisis, more Filipinos are still hopeful that their personal quality of life will improve within a year, results of a nationwide survey released on Monday revealed.

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More Pinoys see life improving

Published by rudy Date posted on April 28, 2009

MANILA, Philippines – More adult Filipinos are expecting their personal quality of life to improve in the next 12 months, the latest survey by the Social Weather Stations (SWS) showed.

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Economist sees 4% economic growth

Published by rudy Date posted on April 28, 2009

MANILA, Philippines — Despite the global economic slowdown, the country can expect relatively brighter prospects this year in terms of economic growth and opportunities, according to a senior economist at the University of Asia and the Pacific.

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Deep-seated woes slow down RP economy — CRC

Published by rudy Date posted on April 25, 2009

The country’s slowing economy was more the result of “deep seated problems” rather than what the government has been insisting as the effects of the global financial crisis, Center for Research and Communication Foundation (CRC) president Dr. Emilio Antonio said.

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IMF’s zero growth forecast for RP disputed

Published by rudy Date posted on April 25, 2009

MANILA, Philippines – Malacañang disputed the International Monetary Fund’s (IMF) zero growth forecast for the Philippines this year for being too conservative and not reflective of the prevailing economic indicators.

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Citi eyes growth in RP corp, consumer banking despite economic downturn

Published by rudy Date posted on April 24, 2009

Citibank said it is seeing more opportunities in corporate and consumer banking in the Philippines despite the downscaled forecast in the country’s economic growth.

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Flat growth seen for country in ’09

Published by rudy Date posted on April 23, 2009

The International Monetary Fund (IMF) predicted that the Philippine economy would post flat growth this year, resulting from a contraction in remittances.

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‘Recession’ bottoming out

Published by rudy Date posted on April 22, 2009

The economic slowdown in the Philippines has started to bottom out and growth will pick up in the third quarter of the year as the impact of the world financial crisis on the country subsides, Economic Planning Secretary Ralph Recto said yesterday.

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BSP sees ‘early signs’ of economic recovery

Published by rudy Date posted on April 22, 2009

THE Bangko Sentral ng Pilipinas (BSP) said it is seeing early signs of economic growth as the US, the Philippines’ major export market, showed slower contraction in the housing and manufacturing sectors.

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Growth slower in Q1 on weak exports, high oil prices

Published by rudy Date posted on April 22, 2009

MANILA, Philippines — The Philippine economy grew at a slower pace of 5.2 percent in the first quarter from a year earlier due to weak exports and rising food and energy prices, government data showed on Thursday.

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EU to RP: ‘Donorland is not Disneyland’

Published by rudy Date posted on April 21, 2009

Europe’s top aid official yesterday admonished developing Asian countries such as the Philippines to improve governance and not to rely on foreign support, saying not one country has been able to rise from poverty through financial help alone.

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Fitch cuts RP 2009 growth estimate to 0.5%

Published by rudy Date posted on April 20, 2009

Fitch Ratings has cut its economic growth forecast for the Philippines to just 0.5 percent this year from a January forecast of 2.5 percent, reflecting shrinking consumption on the back of falling remittances and rising unemployment.

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RP growth target cut to 3.1% this year

Published by rudy Date posted on April 14, 2009

MANILA, Philippines – Economic authorities are downscaling the country’s economic growth target for this year to as low as 3.1 percent as a result of shrinking exports.

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Economic bills among Senate priorities

Published by rudy Date posted on April 13, 2009

MANILA, Philippines – Senators will prioritize economic bills and those seeking to amend the Comprehensive Agrarian Reform Program (CARP) and the Energy Power Industry Reform Act (EPIRA) when Congress resumes session today.

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More Filipinos optimistic – poll

Published by rudy Date posted on April 12, 2009

MANILA, Philippines – Filipinos remained optimistic in the face of recession and job displacements, according to a recent survey.

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World Bank cuts RP growth forecast to 1.9%

Published by rudy Date posted on April 8, 2009

MANILA, Philippines – Economic growth in the Philippines is expected to further slow to 1.9 percent this year, marking its worst performance since the Asian financial crisis more than a decade ago, the World Bank said yesterday.

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Bank sees weak RP growth

Published by rudy Date posted on April 8, 2009

Officials also eye cutsin economic targets   The World Bank on Tuesday downgraded the country’s economic growth this year to 1.9 percent because of weak remittances from overseas Filipino workers (OFWs) that could dampen consumer spending.

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BSP warns of rising debt-service costs, liquidity drain

Published by rudy Date posted on April 3, 2009

FEW funds will be available for spending on infrastructure and social services as the debt service costs of the private and public sectors are likely to rise on a weaker exchange rate and inadequate credit for productive purposes, the Bangko Sentral ng Pilipinas (BSP) warned Thursday.

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G-20: Welcome to the Multi-Polar World

Published by rudy Date posted on April 1, 2009

The run-up to the G-20 meeting has been interesting and colorful. President Lula Da Silva of Brazil declared that “this crisis was caused by the irrational behavior of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing.”

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ADB sees economy growing 2.5% this year

Published by rudy Date posted on April 1, 2009

MANILA, Philippines — The Asian Development Bank said the Philippines would feel the pinch of the global crisis and growth would decelerate this year, but noted that the country would be in a much better position than most of its neighbors to cushion the impact of the turmoil.

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ADB cuts growth outlook

Published by rudy Date posted on April 1, 2009

RP not alone, as bank halves Asia forecasts The Asian Development Bank (ADB) on Tuesday further slashed the country’s economic growth forecast this year, because of weak consumer spending and investment caused by the global financial crisis.

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ADB lowers Philippine growth forecast to 2.5%

Published by rudy Date posted on April 1, 2009

THE Asian Development Bank has lowered its growth forecast for the Philippines to 2.5 percent from 4.7 percent this year as the global economy continues to deteriorate.

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Rebalancing growth

Published by rudy Date posted on March 30, 2009

I MENTIONED LAST WEEK how various East Asian scholars, in a recent forum in Tokyo, affirmed the need for East Asia to rethink and rework the export-driven growth model that had propelled the region’s economies in recent decades.

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Philippines braces for lower growth

Published by rudy Date posted on March 27, 2009

A sharp contraction in Philippine exports caused by the global financial crisis could dampen economic growth this year, according to the United Nations Economic and Social Survey of Asia and the Pacific (Unescap).

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ESCAP sees Philippine growth at up to 3%

Published by rudy Date posted on March 27, 2009

MANILA, Philippines — The Philippine economy will grow by no more than 3.0 percent this year as it faces the “triple threats” of renewed fuel and food price spikes and the worsening effects of the global financial crisis, according to a United Nations report.

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Sept 5 – Oct 5
National Teachers Month

“Pay teachers decent wages,
Pay attention to teachers!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

September


Monthly Observances:

Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month

National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 5)

 

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: Family Week


Daily Observances:

Third Saturday: International Coastal Clean-up Day

Third Monday: World Health Day

Last Friday: National Maritime Day

Sept 8: National Literacy Day

Sept 15: Philippine Medicine Day

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