News

Trade deficit widens to $3.55 billion in July

ABS-CBN News
Updated as of Sep 11 02:35 PM

The July trade deficit is higher than $3.35 billion in June but lower than the $3.7 billion deficit in May.   Read more »

Pamilya ng OFW, umaaray na rin sa pagdausdos ng piso

ABS-CBN News
Posted at Sep 07 08:42 PM

Patuloy ang paghina ng halaga ng piso kontra dolyar at maging ang mga sektor na dapat nakikinabang sa paglakas ng foreign currencies ay dumadaing pa rin. Read more »

'Presyo ng bigas, maaaring tumaas dahil sa rice tarrification'

ABS-CBN News
Posted at Jul 24 09:46 PM

Imbes na bumaba ang presyo ng bigas, maaari pa raw itong tumaas sa ilalim ng panukalang rice tarrification, ayon sa isang agribusiness group. Read more »

PH trade deficit widens sharply in April as imports surge

Reuters
Updated as of Jun 08 12:02 PM

The Philippines' trade deficit widened to a four-month high in April on robust purchases of capital and consumer goods abroad and as weak demand overseas dented exports, the statistics agency said on Friday. Read more »

PH should manufacture more instead of assemble: Euro trade group

ABS-CBN News
Posted at May 23 04:51 PM

The Philippines should manufacture more products instead of becoming a sub-assembly venue for goods, a European trade group leader said. Read more »

Keep deployment ban to Kuwait until 'kafala' system removed: Escudero

ABS-CBN News
Updated as of May 02 11:08 AM

MANILA - Sen. Francis Escudero on Wednesday said the deployment ban to Kuwait ordered by President Rodrigo Duterte should stay until the Gulf state repeals or amends its "kafala" or sponsorship system, which leaves workers vulnerable to abuse. Read more »

British MP vows scrutiny of spy equipment sale to Philippines

Rose Eclarinal, ABS-CBN Europe News Bureau
Updated as of Mar 11 06:24 PM

A member of the British parliament on Sunday vowed to scrutinize his country's export of surveillance equipment to Manila, saying this may make UK "complicit" in the alleged extra-judicial killings under the Philippines' war on drugs. Read more »

Palace: Japan recall won't affect banana exports

Pia Gutierrez, ABS-CBN News
Posted at Nov 02 11:23 PM

MANILA - The Palace is confident that the recent decision of Dole Japan to recall 9,000 bunches of packaged bananas from the Philippines due to concerns of tampering will not have an effect the country's export of the fruit to Japan. Read more »

Customs bureau tweaks x-ray inspection policy after reports of long queues

ABS-CBN News
Posted at Oct 14 09:02 PM

The Bureau of Customs adjusted its policy on mandatory x-ray inspection of shipments following reports of long lines for inspections. Read more »

PH products showcased in Moscow food exhibit

Niel Caburnay Tero, ABS-CBN Europe News Bureau
Posted at Sep 16 05:50 PM

MOSCOW - Fresh mangoes and banana chips were the Filipino products among others that took centerstage during the 26th World Food Day in Russia.   Read more »

Finance dept cuts red tape in trade permits

ABS-CBN News
Posted at Sep 11 11:07 AM

Up to 66 government agencies will be interconnected digitally to fast-track the approval of import and export permits, the Department of Finance said Monday. Read more »

Mining chamber opposes ban on mineral exports

ABS-CBN News
Posted at Jul 24 11:57 PM

The Chamber of Mines said on Monday that is not in favor of President Duterte's call to ban the export of raw minerals which the Chief Executive made during his second state of the nation address. Read more »

In about-face, Trump nominates new head of export bank

Reuters
Posted at Apr 15 08:56 AM

US President Donald Trump nominated former Republican lawmaker Scott Garrett as president of the Export-Import Bank of the United States on Friday, completing an about-face over an institution he had denounced as "featherbedding" for big business. Read more »

PEZA finds no violations by HTI in Cavite fire

Pia Gutierrez, ABS-CBN News
Posted at Feb 06 05:49 PM

The Philippine Economic Zone Authority (PEZA) has not found any violation committed by House Technology Industries (HTI) in the massive fire that gutted its building inside the Cavite Economic Zone late last week.  Read more »

Tanggapan ng DOLE sinugod ng mga militante

ABS-CBN News
Posted at Feb 03 12:04 PM

Ilang militante ang sumugod sa Department of Labor and Employment sa Maynila Biyernes, at pininturahan pa ang marker ng tanggapan. Read more »

Mabilis lumaki yung sunog: Employee says fire spread rapidly in factory

ABS-CBN News
Posted at Feb 02 04:08 PM

An employee of the House Technologies Inc., a factory at the Cavite Export Processing Zone Authority (EPZA), recalled that their evacuation from the fire-hit building Wednesday night was generally orderly. Read more »

10 critical, scores injured in Cavite factory fire

ABS-CBN News
Posted at Feb 02 11:34 AM

At least 10 people are in critical condition while dozens are injured after a factory at the Cavite Export Processing Zone Authority (EPZA) compound caught fire Wednesday night, authorities said. Read more »

Ilang trabahador, pinangangambahang na-trap sa nasusunog na pabrika sa Cavite

ABS-CBN News
Updated as of Aug 02 10:57 AM

Patuloy pa ring nasusunog ang pabrika sa loob ng Export Processing Zone Authority o EPZA sa Cavite. Read more »

UN Security Council hits N.Korea with toughest-ever sanctions

André Viollaz, AFP
Posted at Dec 01 08:40 AM

The United Nations Security Council on Wednesday unanimously imposed its toughest sanctions on North Korea, placing a cap on the hermit state's key coal exports after its defiant nuclear tests. Read more »

Banana shipments, prices jump after China lifts restrictions

ABS-CBN News
Posted at Oct 14 12:36 PM

Banana growers here have reported an increase in demand and prices after China lifted restrictions on Philippine exports ahead of President Rodrigo Duterte's visit to Beijing next week. Read more »