Philippine-assembled electronics—the country's top merchandise export—may be hurt by bigger Chinese production, the World Bank said. In an Oct. 31 report, the Washington-based multilateral lender cited that the Philippines' semiconductor exports shrank 13.8 percent year-on-year in...
Moody’s Analytics expects that this year’s dismal foreign trade performance will rebound next year, aligning with government expectations. “The trade performance this year has been underwhelming, but we see opportunities for a pickup in 2025,” Moody’s Analytics said. In August, the...
The country’s trade deficit narrowed in August as imports grew at a slower pace than exports, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the trade balance—the difference between exports and imports—fell to a 6.6-percent deficit of $4.38 billion, from an...
Artificial intelligence will be a friend, not a foe, to the electronics manufacturing industry in the Philippines and elsewhere in Asia that's enjoying an AI-backed boom, according to the think tank Oxford Economics. "Of global semiconductor production capacity and supplies of key materials, 75...
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing Japan as additional export market for beefed up coal output from its Semirara mine in Antique province. SMPC President and Chief Operating Officer Maria Cristina C. Gotianun told reporters that the company had already done trial...
The value of traded goods in the country dipped while the volume also decreased in the second quarter of the year, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the value of goods traded from April to June 2024 posted a double-digit drop of 14.9 percent to...
TAIPEI – The Philippines is successfully leveraging on its economic advantage as its export to Taiwan posted substantial growth of 27.38% in this year’s first quarter for an aggregate value of $720.80 million, according to the Philippine Trade & Investment Center (PTIC) here. Conversely,...
The Philippine Statistics Authority (PSA) reported that the country’s trade deficit widened in June this year as exports declined faster than imports. The balance of trade in goods in the country recorded a deficit of $4.3 billion in June, higher by 9.3 percent than the $3.9 billion deficit in...
By XANDER DAVE CEBALLOS A passport that will ease the customs procedures and reduce administration costs for imports such as commercial samples and exhibition items is set to be implemented. The Bureau of Customs and the Philippine Chamber of Commerce and Industry (PCCI) launched the ATA Carnet...
The country’s trade deficit widened in May after a measly decline in imports and exports, data from the Philippine Statistics Authority (PSA) showed Wednesday, July 10. The trade deficit, or the difference between the value of exports and imports, reached $4.60 billion in the fifth month of 2024,...
The surprise robust growth in merchandise exports and imports at the start of the second quarter augured well for rosier Philippine economic prospects, according to Deutsche Bank Research. In a recent report, the German bank's research arm noted that the 26.4 percent year-on-year climb in April...
The United States Department of Agriculture (USDA) said that El Niño did not have a significant impact on the sugarcane harvest in the country. In a recent report, the USDA-Foreign Agricultural Service (FAS) revised its forecast for raw sugar production, increasing it by 50,000 metric tons...
