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Departing EXIM chief urges Biden team to counter Chinese lending dominance

Andrea Shalal and David Lawder, Reuters
Posted at Jan 19 10:42 AM

The head of the Export-Import Bank of the United States (EXIM) on Monday urged the Biden administration to keep pushing to neutralize Chinese export subsidies and help US companies compete, building on gains made under Donald Trump. Read more »

Philippine economy poised to recover in Q3 from 'rock bottom' Q2 figures: BSP

ABS-CBN News
Posted at Oct 23 11:04 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said the third quarter gross domestic product would be better than the "rock bottom" second quarter figures after the reopened economy showed "positive indicators."   Read more »

Philippines exports Okra to Japan

ABS-CBN News
Posted at Oct 14 11:04 AM

With the quality of Philippine Okra, local farmers are now exporting the goods to Japan, said Top Shelf Corp president Rap Pelayo. Read more »

Singapore's economy shrinks at slower pace as virus curbs eased

Agence France-Presse
Posted at Oct 14 10:06 AM

Singapore's coronavirus-hit economy shrank at a slower pace in the third quarter as restrictions were eased, official data showed Wednesday, but the trade-reliant city-state still faces a long road to recovery. Read more »

China chip giant SMIC shares dive on US export controls

Jerome Taylor, Agence France-Presse
Posted at Sep 28 05:39 PM

Shares in China's biggest chip maker tumbled Monday on reports that Washington had imposed export controls on the company, the latest salvo in the battle for technological dominance over Beijing. Read more »

Several industries, products seen 'likely to suffer' if EU scraps PH tariff privileges

ABS-CBN News
Posted at Sep 24 05:33 PM

Several members of the Philippine Chamber of Commerce and Industry on Thursday said the agriculture, garments, manufacturing and electronics industries, among others, could suffer if the tariff incentives granted to the Philippines by the European Union is withdrawn.  Read more »

'No reason' for EU to withdraw tariff perks, says Trade chief

ABS-CBN News
Posted at Sep 23 11:13 AM

There is "no reason" for the European Union to revoke tariff incentives awarded to the Philippines since there is an effective monitoring in place to ensure compliance, Trade Secretary Ramon Lopez said Wednesday.    Read more »

5 nurse pa-UK pinababa sa eroplano dahil sa 'kalituhan' ng Immigration

ABS-CBN News
Posted at Sep 07 07:55 PM

Nagkaroon kasi ng kalituhan ang Bureau of Immigration kung aling dokumento ang sakop ng exception.    Read more »

Fitch Solutions sees higher nickel prices as China demand rises

ABS-CBN News
Posted at Sep 07 11:31 AM

Fitch Solutions said Monday nickel prices could rise as economies recover, especially China which is the largest nickel ore consumer in the world.  Read more »

Health-conscious consumers fuel coconut oil exports despite pandemic

ABS-CBN News
Updated as of Aug 17 02:42 PM

D&L Industries said Monday exports of coconut oil and chemicals made out of vegetable oil were "doing well" despite the pandemic as market from developed countries grows.  Read more »

PH June trade data gradually recover from 'negative trajectory'

ABS-CBN News
Posted at Aug 05 02:44 PM

The National Economic and Development Authority said Wednesday the country's export and imports continued its gradual recovery in June 2020.   Read more »

Asia's factory pain worsens as China's recovery fails to lift demand

Leika Kihara, Reuters
Posted at Jun 01 02:05 PM

Asia's factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade.   Read more »

Electronics manufacturers seek 'defined' economic stimulus

ABS-CBN News
Updated as of Mar 31 12:12 PM

The government should provide a "defined" economic stimulus for companies to cushion the impact of COVID-19, a group of electronics manufacturers said Tuesday. Read more »

Trade deficit narrows to $2.48 billion in December

ABS-CBN News
Posted at Feb 11 12:18 PM

The balance of trade in goods declined by 40.6 percent to $2.48 billion (P125.8 billion) in December 2019 compared to the $4.17 billion (P211.5 billion) in December 2018, data from the Philippine Statistics Authority showed.  Read more »

Trade deficit narrows to $3.34 billion in November

ABS-CBN News
Posted at Jan 10 11:45 AM

The trade deficit declined by 18 percent to $3.34 billion November compared to the same month in 2018. Total external trade for the month shrank to $14.54 billion, the Philippine Statistics Authority said. Read more »

Singapore economy grew just 0.7 percent in 2019: government

Agence France-Presse
Posted at Jan 02 03:30 PM

The trade ministry said in a statement Thursday that based on advance estimates, the economy expanded by 0.8 percent year-on-year in the fourth quarter to December. Read more »

China, Russia propose lifting some UN sanctions on N.Korea, US says not the time

Michelle Nichols, Reuters
Posted at Dec 17 08:54 AM

China and Russia on Monday proposed the UN Security Council lift a ban on North Korea exporting statues, seafood and textiles, according to a draft resolution seen by Reuters, in a move Russia said is aimed at encouraging talks between Washington and Pyongyang.  Read more »

Customs seizes 'misdeclared' electronic waste from South Korea

ABS-CBN News
Updated as of Nov 24 01:36 AM

Authorities on Thursday seized a 40 foot container of allegedly misdeclared assorted electronic waste which came from South Korea. Read more »

US firms keen on 'Build, Build, Build,' says Filipino envoy

Willard Cheng, ABS-CBN News
Posted at Nov 08 12:25 PM

There is a "very high level of confidence" among US businesses in the Philippine economy, said Jose Victor Chan-Gonzaga, Minister of Economy Affairs of the Philippine Embassy. Read more »

Trade deficit narrows to $3.12 billion September

ABS-CBN News
Updated as of Nov 06 04:12 PM

The trade deficit totaled $3.12 billion in September from $4.02 billion during the same month in 2018. The shortfall was at $2.41 billion in August this year.  Read more »