BusinessWorld
May 7, 2021 | 8:02 pm
Philippine Stock Exchange index
Philippine shares closed the week in the red after data showed that the country’s unemployment rate went down in March and as the country’s pandemic situation continue to cloud investor sentiment.
The Philippine Stock Exchange index (PSEi) went down by 24.07 points or 0.38% to close at 6,258.71 on Friday, while the all shares index decreased by 2.22 points or 0.05% to finish at P3,877.43.
“Philippine shares closed lower as investors focused their attention on the highly anticipated jobs data, while fund managers continued to assess the new set of earnings that came out,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.
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(PHILIPPINE STATISTICS AUTHORITY)
The National Survey on Mental Health and Well-being (NSMHW), which is scheduled from May to June 2021, will collect data from 3,480 households and 7,328 individuals in Ilocos Region, Calabarzon, Bicol Region, National Capital Region, Western Visayas, Central Visayas, Zamboanga Peninsula, and Davao Region.
It will be conducted by the University of the Philippines-Manila in cooperation with the Philippine Council for Health Research and Development.
In a statement on Thursday, May 6, PSA said the results of the national survey will be used to estimate the national and regional lifetime and 12-month prevalence of selected mental, neurological, and substance use of (MNS) disorders among Filipinos.
By TED CORDERO, GMA News
Published May 7, 2021 5:10pm The country’s merchandise exports saw a recovery in March on the back of global economic recovery arising from the ongoing COVID-19 vaccinations, the Department of Trade and Industry (DTI) said Friday. Citing data from the Philippine Statistics Authority (PSA), the DTI said the country’s export sales jumped by 31% to $6.68 billion in March from $5.079 billion in the same period last year. The amount is even higher compared to $6.03 billion recorded in March 2019. This brings the year-to-date export earnings to $17.56 billion, up 7.6% year-on-year. Electronics, which make up 61% of all exports, grew by 25% compared to March last year.
About Mindanao’s 2020 growth
All Mindanao regions posted smaller declines than the 2020 national average economic growth rate. Then Bangsamoro Autonomous Region had the lowest at -1.9%. The Philippine Statistics Authority (PSA) web link is quoted below this column to read more. We must note that GRDP reports reflect the growth of the previous year, not the current one.
Last week’s report by the NEDA was not a surprise given that Mindanao regions in recent years often perform better than the national average as I wrote in my column two years ago
(https://mb.com.ph/2019/04/30/is-the-probinsya-growing-faster/) after the government released its 2018 Gross Regional Domestic Growth Rate (GRDP) figure. In 2019 it was the Davao region that exceeded the country’s growth rate.