FOR THURSDAY ISSUE The Philippines' banana exports to South Korea will enjoy zero tariffs over the next five years, following the bilateral free trade agreement (FTA) taking effect in January next year. Department of Trade and Industry (DTI) Secretary Maria Cristina A. Roque said at a press...
The country’s trade deficit widened by 36.8 percent to $5.8 billion in October this year compared to the previous year, driven by a surge in imports and a decline in exports. Data from the Philippine Statistics Authority (PSA) showed that the country's total external trade in goods reached $18.13...
President Marcos has ordered the reorganization of the Center for International Trade Expositions and Missions (Citem) to ensure an "integrated approach" in the country's export marketing. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Through Executive Order No. 75,...
After narrowing in August, the country's trade deficit widened again in September as exports fell sharply while imports continued to rise, the Philippine Statistics Authority (PSA) reported. PSA data showed the trade balance—the difference between exports and imports—increased to a...
While imports picked up from its August decline, exports and factory output continued declining to a two-month low mainly due to seasonal demand shifts, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 6. Total exports in September 2024 were valued at $5.96 billion, showing an 8.9...
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,...
