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...
Senator Mark Villar joined the Department of Trade and Industry (DTI) in its regular price monitoring activities to see if products are in adherence with Philippine standards or PS quality for those locally made and the Import Commodity Clearance (ICC). (Photo courtesy of the Office of...
The Department of Energy (DOE) has conceded to the plea of many liquefied petroleum gas (LPG) retailers in the country that their applications for license-to-operate (LTO) be continually processed despite an earlier enforcement of a deadline. The DOE had initially set July 7 this year as the...
A lawmaker emphasized the need for stronger action against e-commerce platforms that enable the sale of illegal cigarettes, suggesting that potential measures like site-blocking could be implemented to address the issue effectively. Albay Representative Joey Salceda, chairman of Committee on Ways...
TACLOBAN CITY – The Department of Trade and Industry (DTI)-8 earned over P45 million in the five-day Bahandi Eastern Visayas Trade Fair at SM Megamall in Mandaluyong City recently. Sales were 29 percent higher than the P35-million target. The trade fair brought producer-exhibitors from all six...
