News

Electronics manufacturers seek fresh talks on tax reform

ABS-CBN News
Posted at Feb 18 04:04 PM

Uncertainty over corporate incentives resulted in companies directing an estimated $1 billion in investments to other countries instead of the Philippines, said Semiconductor and Electronics Industries in the Philippines president Dan Lachica. Read more »

Dissecting Data: Trade deficit narrows in Dec but widens to record in 2018

ABS-CBN News
Posted at Feb 12 08:50 PM

The Philippines' trade deficit narrowed to a three-month low in December last year. But the $41.4 billion trade gap booked for the whole of 2018 was also the widest on record.    Read more »

China's exports shrink most in 2 years, raising risks to global economy

Yawen Chen and Martin Quin Pollard, Reuters
Posted at Jan 17 11:21 PM

China's exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand. Read more »

Trade deficit widens in October as infra push drives imports

ABS-CBN News
Updated as of Dec 11 12:56 PM

Imports grew 21.4 percent in October to $10.32 billion compared to the same month last year, data from the Philippine Statistics Authority showed. Read more »

Trade deficit widens in September as exports decline

ABS-CBN News
Posted at Nov 07 05:01 PM

The country's trade deficit widened in September as exports declined while imports surged, the Philippine Statistics Authority (PSA) said on Wednesday. Read more »

Weak peso not necessarily good for exporters: Euro business group

ABS-CBN News
Posted at Oct 10 05:05 PM

Many exporters need to import raw materials, so this cancels out whatever benefit they may get from the weak peso making their goods cheaper on the world market.  Read more »

Dissecting Data: What's behind the Philippines' widening trade deficit?

ABS-CBN News
Updated as of Sep 12 05:22 AM

The country’s trade deficit widened to $3.55 billion in July as imports continued to outpace exports, government data released Tuesday showed. Read more »

U.S. drops agriculture demand from NAFTA talks -Mexico farm lobby

Sharay Angulo, Reuters
Posted at Aug 20 05:50 AM

The United States has dropped a contentious demand from the renegotiation of the North American Free Trade Agreement to impose restrictions on Mexican agricultural exports, Mexico's top farm lobby said on Sunday. Read more »

Trade deficit at $3.35 billion in June

ABS-CBN News
Updated as of Aug 08 05:40 PM

The June trade deficit was lower than the $3.7 billion deficit in May but was higher than $1.59 billion during the same month in 2017, the Philippine Statistics Authority said. Read more »

Creative industries need gov't support to grow: Euro chamber

ABS-CBN News
Updated as of Jul 26 03:21 AM

Creative industries in the Philippines, which export items like handicrafts and handwoven cloth, need more government support to thrive, the head of a European business group said Wednesday.  Read more »

Trade deficit rises to 5-month high in May

Reuters
Updated as of Jul 10 04:22 PM

Imports grew 11.4 percent in May, slower than the previous month's revised 23.1 percent annual pace, while exports declined 3.8 percent in May, less than the previous month's revised 4.9 percent contraction. Read more »

New export markets for Filipino food products eyed

Angelo G. Garcia
Posted at Jun 13 12:12 PM

The Department of Trade and Industry (DTI) is hoping to develop new markets for Filipino food products in some European countries, including Switzerland, Liechtenstein, Norway, and Iceland. Read more »

Electronics manufacturers eye $100 billion annual shipments by 2030

ABS-CBN News
Updated as of Jun 11 02:02 PM

Filipino electronics manufacturers hope to triple annual exports to $100 billion by 2030 by catering to demand from artificial intelligence, big data and driverless cars, the head of an industry group said Monday. Read more »

Exports ng Pilipinas, muling bumaba

ABS-CBN News
Posted at Jun 09 03:14 AM

Ito'y sa kabila ng paghina ng piso kontra dolyar. Read more »

PH can boost exports of cocoa products to Europe, businessman says

ABS-CBN News
Posted at May 31 03:51 AM

Guenter Taus, president of the European Chamber of Commerce believes the Philippines can further boost its exports of cocoa products worldwide, especially the European Union.  Read more »

Dissecting Data: What led to narrower trade gap in March?

ABS-CBN News
Updated as of Aug 07 07:06 PM

The Philippines posted a narrower trade deficit in March even as export figures continued to decline. Read more »

ANALYSIS: Time to take ‘overheating’ warnings seriously

Jose Galang — Your Business
Posted at Apr 27 01:19 PM

The time has come for the Duterte economic managers to take a closer, more serious look at the warnings about an economic overheating. Read more »

PH trade deficit widens as exports fall, imports rise double-digit

ABS-CBN News
Updated as of Jan 28 03:46 PM

The Philippine trade deficit reached $3.06 billion in February according to the exports and imports data released by the Philippine Statistics Authority on Wednesday. Read more »

China bans exports of 'dual use' items to North Korea

Reuters
Posted at Apr 09 05:19 PM

China has banned the export to North Korea of some items with potential dual use in weapons of mass destruction, the Chinese Ministry of Commerce said in a statement on its website. Read more »

Peso, under pressure from trade gap, hovers at P52:$1

ABS-CBN News
Updated as of Nov 29 03:50 PM

The peso will remain under pressure from the widening trade deficit, notwithstanding strong growth in remittances last January, ING Bank said Friday. Read more »