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Philippines: Factory gate price growth eases in April

MANILA, Philippines — The growth in producer prices of manufactured products eased in April from the previous month due mainly to the slower upticks in food products, according to the Philippine Statistics Authority (PSA). Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 2.3 percent increase in […]

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Philippines: Electronics exports may grow 5% this year

MANILA, Philippines — Despite electronics exports declining in the first half of the year, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) remains optimistic that the industry will grow by five percent, driven by the continued demand for electronics products. In an interview with reporters, SEIPI president Dan Lachica said the group […]

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Philippines: Domestic trade jumps 47% in Q1

MANILA, Philippines — Goods traded within the country registered double-digit growth both in terms of value and volume in the first quarter of the year amid increased demand and business activity. Preliminary data from the Philippine Statistics Authority (PSA) showed the value of domestic trade rose by 46.7 percent to P199.72 billion in the first […]

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Philippine budget surplus balloons in April

MANILA, Philippines — The Philippines posted a budget surplus for the second straight month in April, ballooning to P66.8 billion or 13.5 times the surplus recorded in the same period last year, as the acceleration in revenue collection outstripped the growth in government expenditures, according to the Bureau of the Treasury (BTr). Last month’s surplus […]

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