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Philippines: Remittance growth slows to 2.4% in November

MANILA, Philippines — The growth in remittances by Filipinos abroad eased in November, but remained above the lowered growth target set by the Bangko Sentral ng Pilipinas. BSP officer-in-charge Maria Almasara Cyd Tuaño-Amador said personal remittances grew by only 2.4 percent to $2.58 billion in November last year from $2.53 billion in the same month in 2017. This […]

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Philippines opens investigation into imported ceramic tiles

HANOI — The Philippines Department of Trade and Industry (DTI) has initiated a preliminary investigation on the application of safeguard measures on the import of ceramic floor and wall tiles from various countries, including Vietnam, according to the Trade Remedies Authority of Vietnam. The investigation will cover the period from 2013 to 2017. According to the DTI’s notice, the protest alleged that increased […]

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Philippines: Car sales skid 16% in 2018

MANILA, Philippines — Local vehicle assemblers ended 2018 with a 16 percent decline in sales compared to a year ago, but are confident of seeing better performance this year. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released yesterday showed total vehicle sales […]

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