The country's trade deficit ballooned further in March as Philippines imported more goods from its trading partners, outpacing the growth in exports of local products following the reopening of the domestic economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on...
Exports of Philippine-made goods rose at a much faster pace at 12 percent in the first two-months of the year owing to strong demand for electronic products, the government announced. The Philippine Statistics Authority (PSA) released data on Friday, April 8, showing that exports earnings grew 12...
Senator Imee Marcos on Wednesday, April 6 exposed an alleged new "midnight deal" on sugar imports. In a statement, Marcos called on Department of Agriculture (DA) Secretary William Dar to desist from signing a new order to import 350,000 metric tons of sugar. ‘’Agriculture is already an epic...
Vice-presidential aspirant Senator Francis "Kiko" Pangilinan said the Team Robredo-Pangilinan (TROPA) would stop the syndicates behind the importation and smuggling of agriculture products that is killing the livelihood of Filipino farmers and fisherfolk. Vice President Leni Robredo and Senator...
Trade deficit, which is the difference between the value of export and import of a country, jumped by 63 percent in the first month of the year as Filipinos bought more foreign-made products, the Philippine Statistics Authority (PSA) reported on Friday, March 11. Data from the PSA showed that the...
BOC collection from rice imports up 22% in 2021 By CHINO S. LEYCO Government collection of duties from imported rice jumped 22 percent to P18.9 billion in 2021, but it incurred foregone revenues on pork tariff cuts, the Department of Finance (DOF) said. Citing reports from the Bureau of Customs,...
Trade deficit ballooned last year as Philippine purchases of goods from abroad outpaced the rise in sales of locally-made products following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Thursday, Jan. 27, that the...
The country's trade deficit widened to a new record high in November last year as Philippine purchases of goods from abroad accelerated following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Tuesday, Jan. 11, that the...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
The country’s total agricultural trade reached $5.93 billion during the third quarter of this year, increasing at an annual rate of 14.8 percent amid the continuously increasing imports. Data from the Philippine Statistics Authority (PSA) showed that during the third quarter of 2021, agricultural...
The country’s rice imports will end up higher than earlier expected at 2.6 million metric tons (MT), making the country still one of the top rice importers in the world. Based on the latest report of the United States Department of Agriculture's (USDA) Foreign Agricultural Service (FAS), the...
Philippine fruit importation has grown substantially and is seen to further rise with more Filipinos incorporating healthy food into their diet amid the prevalence of the COVID-19 pandemic. In its latest report, the United States Department of Agriculture’s (USDA) Foreign Agricultural Service...
