MANILA – Moody’s Investors Service further upgraded its growth forecast for the Philippines for 2012 to 6.3 percent while the 2013 figure to 5.5 percent on back of continued robust expansion of the domestic economy, a government press release said.

These figures were previously at 5.2 and five percent for 2012 and 2013, respectively.

In the first three quarters this year, the domestic economy grew by 6.5 percent, above the government’s five to six percent full-year target.

DOLE: More Pinoys
found full-time jobs

The Department of Labor and Employment yesterday claimed in a press release that there has been a 1.4 percent rise in the number of persons in full-time employment, which is equivalent to more than 344,000.

The data is part of the October 2012 Labor Force Survey, DOLE secretary Rosalinda Baldoz said.

Baldoz said there has been an 8.1 percent sharp decline in the number of persons in part-time employment.

Consumers’ representation
in regulatory bodies sought

The inclusion of a consumer advocates group in government regulatory bodies to promote transparency and accountability, has been prepared, a press release from Congress said.

House Bill 6706, authored by Reps. Diosdado Macapagal Arroyo (2nd District, Camarines Sur) and Gloria Macapagal-Arroyo (2nd district, Pampanga), will create the Consumer Group Representative (CGR), the members of which will sit on the governing boards of the regulatory bodies of the government.

Arroyo said this is in consonance with the constitutional mandate that the right of the people and their organizations to effective and reasonable participation at all levels of social, political and economic decision-making shall not be abridged.

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