The country posted a lower trade deficit in December after mild contractions in exports and imports, data from the Philippine Statistics Authority (PSA) showed Friday, Jan. 26. The trade gap, or the difference between the value of exports and imports, declined by 11 percent to $4.01 billion in...
The Bureau of Customs (BOC) is aiming to ramp up its digitalization processes in trade and border controls in order to meet its revenue collection target this year. In a statement, Customs Commissioner Bienvenido Y. Rubio said the bureau is planning to increase collections by 15 percent to 20...
The trade mission that will be sent by US President Joe Biden to the Philippines will be the first in a series of major commercial events that will be undertaken by Manila and Washington this year, the Department of Foreign Affairs (DFA) said Monday, Jan. 15. After Biden announced over the weekend...
US President Joe Biden will send a trade and investment mission to the Philippines to enhance American companies' contributions to the country's economy. In a statement, National Security Council (NSC) Spokesperson Adrienne Watson said Commerce Secretary Gina Raimond will lead the Presidential...
The Philippine Statistics Authority (PSA) reported that country's trade deficit widened in November last year due to the significant decline in exports and a rise in imports. Preliminary data from the PSA showed that the trade in goods resulted in a deficit of $4.7 billion in November, an increase...
The country’s trade deficit saw an increase in October after both exports and imports contracted by double-digits, data from the Philippine Statistics Authority (PSA) showed Tuesday, Dec. 12. The trade deficit, or the difference between the value of export and import, narrowed by 26 percent to...
President Marcos has said that the decision of the United States to send a high-level presidential delegation to the Philippines next year manifested both countries' strong partnership. Upon arriving from the US on Monday night, Marcos said he is looking forward to seeing more partnerships with...
The Philippines’ trade deficit plunged in August to $4.13 billion as total external trade decreased, the Philippine Statistics Authority said on Tuesday, Oct. 10. The trade deficit in August narrowed by 34 percent from the $6.3 billion booked in the same month last year. It is also lower compared...
The Philippine Statistics Authority (PSA) reported that the country’s the trade deficit narrowed in September as imports declined at a faster pace than exports. The balance of trade in goods in the country recorded a deficit of $3.511 billion in September, lower than the $4.131 billion gap...
The Philippines and the Netherlands have agreed to deepen ties on trade and investments to complement the strong partnership that both sides already have on the field of defense. Department of Foreign Affairs (DFA) Secretary Enrique Manalo and Dutch Foreign Minister Hanke Bruins Slot on...
Israel is not suspending any of its programs with the Philippines despite its ongoing war with Hamas. Israeli Ambassador to the Philippines Ilan Fluss made the assurance​ on Friday, Oct. 27, adding that it included the current agricultural cooperation it has with Manila. ​"There are...
An agreement that will enhance trade facilitation programs for importers and stakeholders was signed by the Bureau of Customs (BOC) and the Philippine Postal Corp. (PHLPost). Customs Commissioner Bienvenido Y. Rubio and PHLPOST Postmaster General Luis Carlos, along with other key officials, led the...
