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...
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 Indian government has awarded to the Philippines its “highest allocation of rice export,” its embassy in Manila said on Wednesday, Oct. 18. (Photo from Indian Ambassador Shambhu Kumaran's X page) In an email to the Manila Bulletin, Indian Embassy’s Press, Information and Culture (PIC)...
The Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) has proposed the extension of lower tariff rates on essential commodities until Dec. 31, 2024, the National Economic and Development Authority (NEDA). NEDA Secretary Arsenio M. Balisacan said that the committee's recommendation...
Filipino farmers are calling for the reintroduction of a pre-shipment and discharge port inspection system to stop large-scale agricultural smuggling, curb price manipulation, and ensure the safety of food imports. The Federation of Free Farmers (FFF) issued this statement as smuggling of...
SEAOIL, one of the country’s leading fuel providers, continued to top the list of importers in the Zamboanga Peninsula, according to the 2022 Top Importers report of the Bureau of Customs in Zamboanga. TOP IMPORTER -- SEAOIL is awarded as the Top Importer in 2022 by the Bureau of Customs Zamboanga...
Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI)I . Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation...
Imports continued to outpace the country’s exports, but at a narrower level in December last year, but overall trade gap in 2022 went up 38 percent versus 2021, the Philippine Statistics Authority (PSA) reported. The PSA said on Thursday, Jan. 26, that the country’s trade gap, or the difference...
Still not getting over from the epic Finals series that featured some of the best imports the league has ever seen, a stellar cast of reinforcements is already set to take the Philippine basketball shores by storm in the 2023 PBA Governors' Cup which kicks off on Sunday, Jan. 22. Justin Brownlee...
The country's trade gap dropped 21.9 percent in November last year as imports continued to outpace the country’s exports, but at a narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Jan. 10, that the country’s trade gap, or the difference between the...
